AB43,,4283 1. The Town of Gingles.

AB43,,4284 2. The Town of Sanborn.

AB43,,4285 3. The Town of White River.

AB43,,4286 4. The Town of Russell.

AB43,,4287 5. The Town of Sherman.

AB43,,4288 6. The Town of Bass Lake.

AB43,,4289 7. The Town of Lac du Flambeau.

AB43,,4290 8. Ashland County.

AB43,,4291 9. Bayfield County.

AB43,,4292 10. Iron County.

AB43,,4293 11. Sawyer County.

AB43,,4294 12. Vilas County.

AB43,,4295 (b) For the distribution in 2024, the department of administration shall determine the amount of the payment to each town and county under par. (a) to compensate the town or county for the loss of property tax revenue as a result of not being able to legally impose local general property taxes on property located within the boundaries of an American Indian reservation and owned by the tribe or tribal members, consistent with the 1854 Treaty of La Pointe. In 2025, and in each year thereafter, each town and county eligible to receive a payment under this subsection shall receive a payment in an amount that is 10 percent less than the amount of the payment in the previous year. The department of administration shall not make a payment under this subsection after the distribution in 2033.

AB43,1658 Section 1658. 79.036 of the statutes is created to read:

AB43,,4297 79.036 Municipal and county shared revenue. (1) In this section:

AB43,,4298 (a) “Aidable revenues” means, for each municipality and county, the total of the 3-year average of revenues from each of the following, as reported under s. 73.10:

AB43,,4299 1. General property taxes and other taxes.

AB43,,4300 2. Payments in lieu of taxes.

AB43,,4301 3. Special assessments.

AB43,,4302 3. Licenses and permits.

AB43,,4303 4. Fines and forfeitures.

AB43,,4304 5. Public charges.

AB43,,4305 6. Intergovernmental revenues.

AB43,,4306 7. Distributions under this subchapter, not including distributions under s. 79.04.

AB43,,4307 (b) “County equalized value per capita” means the amount of a county’s most recent equalized value divided by the county’s population.

AB43,,4308 (c) “Department” means the department of revenue.

AB43,,4309 (d) “Equalization factor” means the ratio of municipal equalized value per capita or county equalized value per capita divided by the statewide equalized value per capita, as calculated by the department separately for municipalities as a group and counties as a group. For purposes of this paragraph, the equalization factor may not be more than 500 percent of the statewide equalized value per capita, as determined by the department.

AB43,,4310 (e) “Equalized value” means the assessed value of property adjusted to reflect full value as determined by the department under s. 70.57, including, for municipalities, the value increment, as defined in s. 66.1105 (2) (m), in tax incremental districts and excluding manufacturing land and improvements assessed under s. 70.995.

AB43,,4311 (f) “Municipal equalized value per capita” means the amount of a municipality’s most recent equalized value divided by the municipality’s population.