LRB-1579/1
JK:skw
2021 - 2022 LEGISLATURE
February 5, 2021 - Introduced by Senators Bernier, Ringhand and Stroebel,
cosponsored by Representatives
Steffen, Bowen, Dittrich, Gundrum,
Murphy, Novak, Petersen, Rozar, Skowronski, Spiros and Zimmerman.
Referred to Committee on Government Operations, Legal Review and
Consumer Protection.
SB76,1,3
1An Act to amend 79.096 (3); and
to create 79.095 (4) (d) of the statutes;
2relating to: distribution of the aid payment for personal property upon
3termination of a tax incremental district.
Analysis by the Legislative Reference Bureau
Under current law, each municipality, county, school district, special purpose
district, tax incremental district, and technical college district (taxing jurisdiction)
receives a state aid payment to compensate for the personal property taxes that the
taxing jurisdictions would have collected on tax exempt computers, machinery, tools,
and patterns. The bill clarifies that following the termination of a tax incremental
district the amount that would have been paid to the tax incremental district is
distributed to the other applicable taxing jurisdictions.
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:
SB76,1
4Section
1. 79.095 (4) (d) of the statutes is created to read:
SB76,2,45
79.095
(4) (d) Each taxing jurisdiction shall attribute to each tax incremental
6district within the taxing jurisdiction the district's proportionate share of the amount
1the taxing jurisdiction receives under par. (b). The amount that would have been
2paid to a tax incremental district under this subsection shall be distributed to the
3municipality and applicable taxing jurisdictions in the year following the
4termination of the tax incremental district and in each year thereafter.
SB76,2
5Section
2. 79.096 (3) of the statutes is amended to read:
SB76,2,126
79.096
(3) Each taxing jurisdiction shall attribute to each tax incremental
7district within the taxing jurisdiction the district's proportionate share of the amount
8the taxing jurisdiction receives under sub. (1)
, except that this subsection does not
9apply after the district closes.
The amount that would have been paid to a tax
10incremental district under this subsection shall be distributed to the municipality
11and applicable taxing jurisdictions in the year following the termination of the tax
12incremental district and in each year thereafter.
