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SB468,1 1Section 1. 66.0602 (3) (n) 1. of the statutes is amended to read:
SB468,2,132 66.0602 (3) (n) 1. For a political subdivision that receives a payment under s.
379.04 (5) (a) or (b), the limit otherwise applicable under this section is increased by
4the amount that the political subdivision levies in that year to replace a revenue
5reduction incurred under s. 79.04 (5) (a) or (b). Subject to subd. 2., the amount levied
6under this paragraph for a particular property may not exceed the amount paid to
7the political subdivision under s. 79.04 (5) (a) 1. or , 2019 stats., s. 79.04 (5) (b) 1., 2019
8stats., or s. 79.04 (5) (a) 1m. a. or 2m. a. or (b) 1m. a. or 2m. a.,
less the amount to be
9paid to the political subdivision under s. 79.04 (5) (a) or (b) in the year in which the
10levy is imposed and less any amounts previously levied under this paragraph. A
11revenue reduction is incurred under this paragraph when the amount received by a
12political subdivision under s. 79.04 (5) (a) or (b) in the current year is less than the
13amount received under s. 79.04 (5) (a) or (b) in the previous year.
SB468,2 14Section 2. 66.0602 (3) (n) 2. of the statutes is amended to read:
SB468,3,7
166.0602 (3) (n) 2. This paragraph applies to revenue reductions for which a
2payment under s. 79.04 (5) (a) or (b) is made after November 23, 2019. If the first
3payment made under s. 79.04 (5) (a) or (b) after November 23, 2019, is under s. 79.04
4(5) (a) 2. to 5. or, 2019 stats., s. 79.04 (5) (b) 2. to 5., 2019 stats., or s. 79.04 (5) (a) 1m.
5b. to e. or 2m. b. to j. or (b) 1m. b. to e. 2m. b. to j.,
the amount of the payment made
6under s. 79.04 (5) (a) or (b) in the previous year shall be used in determining the
7maximum amount of revenue reduction incurred.
SB468,3 8Section 3. 79.005 (1h) of the statutes is created to read:
SB468,3,109 79.005 (1h) “Decommissioned” means, with regard to a production plant, the
10earliest of the following:
SB468,3,1111 (a) The production plant is no longer recovered through the utility's rates.
SB468,3,1312 (b) The production plant is sold to a person who is not subject to the annual
13license fee imposed under s. 76.28 (2) or 76.29 (2).
SB468,4 14Section 4. 79.04 (5) (a) (intro) of the statutes is amended to read:
SB468,3,2315 79.04 (5) (a) (intro.) If property that was exempt from the property tax under
16s. 70.112 (4) and that was used to generate power by a light, heat, or power company,
17except property under s. 66.0813, unless the production plant is owned or operated
18by a local governmental unit located outside of the municipality, or by an electric
19cooperative, or by a municipal electric company under s. 66.0825, is decommissioned
20or closed, the municipality shall be paid, from the public utility account, an amount
21equal to the following percentages of the payment that the municipality received
22under this section during the last year that the property was exempt from the
23property tax:
SB468,5 24Section 5 . 79.04 (5) (a) 1. to 5. of the statutes are renumbered 79.04 (5) (a) 1m.
25a. to e.
SB468,6
1Section 6. 79.04 (5) (a) 1m. (intro.) of the statutes is created to read:
SB468,4,22 79.04 (5) (a) 1m. (intro.) For property decommissioned before January 1, 2021:
SB468,7 3Section 7 . 79.04 (5) (a) 2m. of the statutes is created to read:
SB468,4,44 79.04 (5) (a) 2m. For property decommissioned after December 31, 2020:
SB468,4,55 a. In the first year that the property is taxable, 100 percent.
SB468,4,66 b. In the 2nd year that the property is taxable, 90 percent.
SB468,4,77 c. In the 3rd year that the property is taxable, 80 percent.
SB468,4,88 d. In the 4th year that the property is taxable, 70 percent.
SB468,4,99 e. In the 5th year that the property is taxable, 60 percent.
SB468,4,1010 f. In the 6th year that the property is taxable, 50 percent.
SB468,4,1111 g. In the 7th year that the property is taxable, 40 percent.
SB468,4,1212 h. In the 8th year that the property is taxable, 30 percent.
SB468,4,1313 i. In the 9th year that the property is taxable, 20 percent.
SB468,4,1414 j. In the 10th year that the property is taxable, 10 percent.
SB468,8 15Section 8. 79.04 (5) (b) (intro) of the statutes is amended to read:
SB468,4,2316 79.04 (5) (b) (intro.) If property that was exempt from the property tax under
17s. 70.112 (4) and that was used to generate power by a light, heat, or power company,
18except property under s. 66.0813, unless the production plant is owned or operated
19by a local governmental unit located outside of the municipality, or by an electric
20cooperative, or by a municipal electric company under s. 66.0825, is decommissioned
21or closed, the county shall be paid, from the public utility account, an amount equal
22to the following percentages of the payment the county received under this section
23during the last year that the property was exempt from the property tax:
SB468,9 24Section 9 . 79.04 (5) (b) 1. to 5. of the statutes are renumbered 79.04 (5) (b) 1m.
25a. to e.
SB468,10
1Section 10. 79.04 (5) (b) 1m. (intro.) of the statutes is created to read:
SB468,5,22 79.04 (5) (b) 1m. (intro.) For property decommissioned before January 1, 2021:
SB468,11 3Section 11 . 79.04 (5) (b) 2m. of the statutes is created to read:
SB468,5,44 79.04 (5) (b) 2m. For property decommissioned after December 31, 2020:
SB468,5,55 a. In the first year that the property is taxable, 100 percent.
SB468,5,66 b. In the 2nd year that the property is taxable, 90 percent.
SB468,5,77 c. In the 3rd year that the property is taxable, 80 percent.
SB468,5,88 d. In the 4th year that the property is taxable, 70 percent.
SB468,5,99 e. In the 5th year that the property is taxable, 60 percent.
SB468,5,1010 f. In the 6th year that the property is taxable, 50 percent.
SB468,5,1111 g. In the 7th year that the property is taxable, 40 percent.
SB468,5,1212 h. In the 8th year that the property is taxable, 30 percent.
SB468,5,1313 i. In the 9th year that the property is taxable, 20 percent.
SB468,5,1414 j. In the 10th year that the property is taxable, 10 percent.
SB468,12 15Section 12. 79.04 (8) of the statutes is created to read:
SB468,5,1916 79.04 (8) All of the following apply to the payments for property of a production
17plant that includes multiple power generation units, except that this subsection
18applies only if the production plant's first power generation unit stops generating
19electricity after the effective date of this subsection .... [LRB inserts date]:
SB468,5,2420 (a) No payment received by a municipality or county under sub. (1), (2), (6), or
21(7) shall be reduced on the basis that one or more, but not all, of the power generation
22units are no longer generating electricity, and the amount of the payment shall be
23the amount that the municipality or county received in the year before the year in
24which the first power generation unit stopped generating electricity.
SB468,6,5
1(b) The payments under sub. (5) (a) 2m. or (b) 2m. shall not be made until the
2production plant is decommissioned, and then the payments shall be determined on
3the basis of the amount of the payment received by the municipality or county under
4sub. (1), (2), (6), or (7) in the year before the year in which the first power generation
5unit stopped generating electricity.
SB468,6,66 (End)
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