Amendment AA4-ASA1-AB191

LRBa0707/1

JK:cjs

2021 - 2022 LEGISLATURE

ASSEMBLY AMENDMENT 4, TO ASSEMBLY SUBSTITUTE AMENDMENT 1, TO ASSEMBLY BILL 191

June 29, 2021 - Offered by Representative Knodl.

AB191-ASA1-AA4,1,1 At the locations indicated, amend the substitute amendment as follows:

AB191-ASA1-AA4,1,2 1. Page 4, line 7: after that line insert:

AB191-ASA1-AA4,1,3 “ Section 9d. 60.85 (5) (j) of the statutes is created to read:

AB191-ASA1-AA4,1,10 60.85 (5) (j) Upon receiving a written application from the town clerk, in a form prescribed by the department of revenue, the department shall recalculate the base value of a tax incremental district affected by 2021 Wisconsin Act .... (this act) to remove the value of the personal property. A request received under this paragraph no later than October 31 is effective in the year following the year in which the request is made. A request received after October 31 is effective in the 2nd year following the year in which the request is made.

AB191-ASA1-AA4,9f Section 9f. 66.0435 (3) (g) of the statutes is amended to read:

AB191-ASA1-AA4,2,3 66.0435 (3) (g) Failure to timely pay the tax prescribed in this subsection shall be treated as a default in payment of personal property tax and is subject to all procedures and penalties applicable under chs. 70 and 74.”.

AB191-ASA1-AA4,2,4 2. Page 4, line 18: after “later" insert “than".

AB191-ASA1-AA4,2,5 3. Page 4, line 23: after that line insert:

AB191-ASA1-AA4,2,6 “ Section 13d. 66.1106 (4) (e) of the statutes is created to read:

AB191-ASA1-AA4,2,13 66.1106 (4) (e) Upon receiving a written application from the clerk of a political subdivision, in a form prescribed by the department of revenue, the department shall recalculate the base value of a tax incremental district affected by 2021 Wisconsin Act .... (this act) to remove the value of the personal property. A request received under this paragraph no later than October 31 is effective in the year following the year in which the request is made. A request received after October 31 is effective in the 2nd year following the year in which the request is made.”.

AB191-ASA1-AA4,2,16 4. Page 11, line 21: delete that line and substitute “ process and finished inventory and when located at the site of the activity any of the activities mentioned.”.

AB191-ASA1-AA4,2,17 5. Page 21, line 7: after that line insert:

AB191-ASA1-AA4,2,18 “ Section 89m. Initial applicability.

AB191-ASA1-AA4,2,20 (1) Elimination of the personal property tax. This act first applies to the property tax assessments as of January 1, 2022.”.

AB191-ASA1-AA4,2,21 (End)