AB377: Text as Enrolled

  Date of enactment:
2021 Assembly Bill 377   Date of publication*:

* Section 991.11, Wisconsin Statutes: Effective date of acts. “Every act and every portion of an act enacted by the legislature over the governor's partial veto which does not expressly prescribe the time when it takes effect shall take effect on the day after its date of publication."

2021 WISCONSIN ACT

An Act to amend 66.1105 (7) (ak) 2.; and to create 66.1105 (6) (a) 19., 66.1105 (6) (am) 2. n. and 66.1105 (7) (ak) 5. of the statutes; relating to: extending the life and tax increment allocation and project cost expenditure periods for Tax Incremental District Number 1 in the village of Marathon City.

The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:

AB377,1 Section 1. 66.1105 (6) (a) 19. of the statutes is created to read:

66.1105 (6) (a) 19. Thirty-three years after the tax incremental district is created if the district is Tax Incremental District Number 1 in the village of Marathon City.

AB377,2 Section 2. 66.1105 (6) (am) 2. n. of the statutes is created to read:

66.1105 (6) (am) 2. n. Expenditures for project costs for Tax Incremental District Number 1 in the village of Marathon City. Such expenditures may be made through January 3, 2023.

AB377,3 Section 3. 66.1105 (7) (ak) 2. of the statutes is amended to read:

66.1105 (7) (ak) 2. Except as provided in par. (am) 4., for a district that is created after September 30, 1995, and before October 1, 2004, and that is not subject to subd. 1. or, 4., or 5., 23 years after the district was created, and, except as provided in subd. 3., for a district that is created before October 1, 1995, 27 years after the district is created.

AB377,4 Section 4. 66.1105 (7) (ak) 5. of the statutes is created to read:

66.1105 (7) (ak) 5. For Tax Incremental District Number 1 in the village of Marathon City, 33 years after the district is created.