Amendment ASA3-AB489

AB489-ASA3,4,14 79.04 (5) (b) (intro.) If Except as provided in sub. (9), if property that was exempt from the property tax under s. 70.112 (4) and that was used to generate power by a light, heat, or power company, except property under s. 66.0813, unless the production plant is owned or operated by a local governmental unit located outside of the municipality, or by an electric cooperative, or by a municipal electric company under s. 66.0825, is decommissioned or closed, the county shall be paid, from the public utility account, an amount equal to the following percentages of the payment the county received under this section during the last year that the property was exempt from the property tax:

AB489-ASA3,6 Section 6. 79.04 (8) of the statutes is created to read:

AB489-ASA3,4,19 79.04 (8) All of the following apply to the payments for property of a production plant that includes multiple power generation units, except that this subsection applies only if the production plant's first power generation unit permanently ceases generating electricity after the effective date of this subsection .... [LRB inserts date]:

AB489-ASA3,4,25 (a) No payment received by a municipality or county under sub. (1), (2), (6), or (7) shall be reduced on the basis that one or more, but not all, of the power generation units permanently ceases generating electricity, and the amount of the payment shall be the amount that the municipality or county received in the year before the year in which the first power generation unit permanently ceased generating electricity.

AB489-ASA3,5,5 (b) The payments under subs. (5) (a) or (b) or (9) shall not be made until the production plant is decommissioned, and then the payments shall be determined on the basis of the amount of the payment received by the municipality or county under sub. (1), (2), (6), or (7) in the year before the year in which the first power generation unit permanently ceased generating electricity.

AB489-ASA3,7 Section 7. 79.04 (8m) of the statutes is created to read:

AB489-ASA3,5,11 79.04 (8m) Notwithstanding sub. (1), (2), (6), or (7), if a production plant that includes multiple power generation units permanently ceases generating electricity in 2023, the municipality and county shall receive payments from the public utility account equal to the payments the municipality or county received under sub. (1), (2), (6), or (7) in 2015.

AB489-ASA3,8 Section 8. 79.04 (9) of the statutes is created to read:

AB489-ASA3,5,19 79.04 (9) (a) For a production plant that is decommissioned as provided under s. 79.005 (1h) (b) as a result of the plant being transferred within the first year that all power generation units of the plant permanently cease generating electricity, each municipality and county shall be paid, from the public utility account, an amount equal to the following percentages of the payment the municipality and county received under this section during the last year that the property was exempt from the property tax:

AB489-ASA3,5,20 1. In the first year that the property is taxable, 100 percent.

AB489-ASA3,5,21 2. In the 2nd year that the property is taxable, 90 percent.

AB489-ASA3,5,22 3. In the 3rd year that the property is taxable, 80 percent.

AB489-ASA3,5,23 4. In the 4th year that the property is taxable, 70 percent.

AB489-ASA3,5,24 5. In the 5th year that the property is taxable, 60 percent.

AB489-ASA3,5,25 6. In the 6th year that the property is taxable, 50 percent.

AB489-ASA3,6,1 7. In the 7th year that the property is taxable, 40 percent.

AB489-ASA3,6,2 8. In the 8th year that the property is taxable, 30 percent.

AB489-ASA3,6,3 9. In the 9th year that the property is taxable, 20 percent.

AB489-ASA3,6,4 10. In the 10th year that the property is taxable, 10 percent.

AB489-ASA3,6,11 (b) For a production plant that is decommissioned as provided under s. 79.005 (1h) (b) as a result of the plant being transferred in the 2nd year that all power generation units of the plant permanently cease generating electricity, each municipality and county shall be paid, from the public utility account, an amount equal to the following percentages of the payment the municipality and county received under this section during the last year that the property was exempt from the property tax:

AB489-ASA3,6,12 1. In the first year that the property is taxable, 100 percent.

AB489-ASA3,6,13 2. In the 2nd year that the property is taxable, 89 percent.

AB489-ASA3,6,14 3. In the 3rd year that the property is taxable, 78 percent.

AB489-ASA3,6,15 4. In the 4th year that the property is taxable, 67 percent.

AB489-ASA3,6,16 5. In the 5th year that the property is taxable, 56 percent.

AB489-ASA3,6,17 6. In the 6th year that the property is taxable, 45 percent.

AB489-ASA3,6,18 7. In the 7th year that the property is taxable, 34 percent.

AB489-ASA3,6,19 8. In the 8th year that the property is taxable, 23 percent.

AB489-ASA3,6,20 9. In the 9th year that the property is taxable, 12 percent.

AB489-ASA3,7,2 (c) For a production plant that is decommissioned as provided under s. 79.005 (1h) (b) as a result of the plant being transferred in the 3nd year that all power generation units of the plant permanently cease generating electricity, each municipality and county shall be paid, from the public utility account, an amount equal to the following percentages of the payment the municipality and county received under this section during the last year that the property was exempt from the property tax:

AB489-ASA3,7,3 1. In the first year that the property is taxable, 100 percent.

AB489-ASA3,7,4 2. In the 2nd year that the property is taxable, 87.5 percent.

AB489-ASA3,7,5 3. In the 3rd year that the property is taxable, 75 percent.

AB489-ASA3,7,6 4. In the 4th year that the property is taxable, 62.5 percent.

AB489-ASA3,7,7 5. In the 5th year that the property is taxable, 50 percent.

AB489-ASA3,7,8 6. In the 6th year that the property is taxable, 37.5 percent.

AB489-ASA3,7,9 7. In the 7th year that the property is taxable, 25 percent.

AB489-ASA3,7,10 8. In the 8th year that the property is taxable, 12.5 percent.

AB489-ASA3,7,17 (d) For a production plant that is decommissioned as provided under s. 79.005 (1h) (b) as a result of the plant being transferred in the 4th year that all power generation units of the plant permanently cease generating electricity, each municipality and county shall be paid, from the public utility account, an amount equal to the following percentages of the payment the municipality and county received under this section during the last year that the property was exempt from the property tax:

AB489-ASA3,7,18 1. In the first year that the property is taxable, 100 percent.

AB489-ASA3,7,19 2. In the 2nd year that the property is taxable, 86 percent.

AB489-ASA3,7,20 3. In the 3rd year that the property is taxable, 72 percent.

AB489-ASA3,7,21 4. In the 4th year that the property is taxable, 58 percent.

AB489-ASA3,7,22 5. In the 5th year that the property is taxable, 44 percent.

AB489-ASA3,7,23 6. In the 6th year that the property is taxable, 30 percent.

AB489-ASA3,7,24 7. In the 7th year that the property is taxable, 16 percent.

AB489-ASA3,8,7 (e) For a production plant that is decommissioned as provided under s. 79.005 (1h) (b) as a result of the plant being transferred in the 5th year that all power generation units of the plant permanently cease generating electricity, each municipality and county shall be paid, from the public utility account, an amount equal to the following percentages of the payment the municipality and county received under this section during the last year that the property was exempt from the property tax:

AB489-ASA3,8,8 1. In the first year that the property is taxable, 100 percent.

AB489-ASA3,8,9 2. In the 2nd year that the property is taxable, 83 percent.

AB489-ASA3,8,10 3. In the 3rd year that the property is taxable, 66 percent.

AB489-ASA3,8,11 4. In the 4th year that the property is taxable, 49 percent.

AB489-ASA3,8,12 5. In the 5th year that the property is taxable, 32 percent.

AB489-ASA3,8,13 6. In the 6th year that the property is taxable, 16 percent.

AB489-ASA3,8,18 (f) For a production plant that is decommissioned as provided under s. 79.005 (1h) (b) as a result of the plant being transferred after the 5th year that all power generation units of the plant permanently cease generating electricity, each municipality and county shall be paid, from the public utility account, an amount equal to the amounts determined under sub. (5).

AB489-ASA3,8,19 (End)