LRB-6098/1
EVM:cjs
2021 - 2022 LEGISLATURE
February 17, 2022 - Introduced by Representatives Snyder and Spiros,
cosponsored by Senator Petrowski. Referred to Committee on State Affairs.
AB1019,1,3
1An Act to create 66.1105 (17) (g) of the statutes;
relating to: limitations on the
2total value of taxable property that may be included in a tax incremental
3financing district created in the city of Wausau.
Analysis by the Legislative Reference Bureau
Under current law, the equalized value of taxable property of a new or amended
tax incremental district (TID) plus the value increment of all existing TIDs in a city
or village may not exceed 12 percent of the total equalized value of taxable property
in the city or village. Under this bill, the 12 percent rule does not apply to TID
Number 13 created by the city of Wausau. The exception expires upon the
termination of that TID.
For further information see the state and local fiscal estimate, which will be
printed as an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
AB1019,1
4Section
1. 66.1105 (17) (g) of the statutes is created to read:
AB1019,2,25
66.1105
(17) (g)
City of Wausau exception. The 12 percent limit described under
6sub. (4) (gm) 4. c. does not apply with regard to Tax Incremental District Number 13
1that is created by the common council of the city of Wausau, except that this
2paragraph does not apply upon the termination of that district.
