DOA:......Vencill, BB0011 - BCPL PILT appropriation
For 2025-2027 Budget -- Not Ready For Introduction
An Act ...; relating to: the budget.
Analysis by the Legislative Reference Bureau
STATE GOVERNMENT
General state government
BCPL payments in lieu of taxes appropriation
Under current law, land that the BCPL owns is not subject to property taxes. For certain lands purchased on or after July 14, 2015, though, BCPL makes annual payments to municipalities in lieu of the property tax that would have been owed on these lands were they not tax exempt. Currently, the source of these payments is a sum certain appropriation. This bill changes that appropriation to a sum sufficient appropriation.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
Section 1. 20.507 (1) (c) of the statutes is amended to read:
20.507 (1) (c) Payments in lieu of taxes. The amounts in the schedule A sum sufficient for payments in lieu of property taxes under s. 24.62 (3).
****Note: This Section involves a change in an appropriation that must be reflected in the revised schedule in s. 20.005, stats.
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