January 2, 2024 - Introduced by Representatives Clancy, Madison, Ratcliff, J. Anderson, Baldeh, Considine, Drake, Joers, Neubauer, Palmeri and Sinicki, cosponsored by Senators Larson, Roys and Spreitzer. Referred to Committee on Government Accountability and Oversight.
AB868,,22An Act to repeal 59.90, 62.50 (1j), 62.90, 77.70 (2) (c), 77.701 (2) (c), 77.701 (3), 79.039 (1) and 79.039 (1m); and to amend 62.50 (1h), 62.50 (1m), 62.50 (3) (title), 62.50 (3) (a), 62.50 (3) (am) and 66.1105 (2) (f) 2. e. of the statutes; relating to: eliminating and modifying certain provisions enacted under 2023 Act 12 regarding the city of Milwaukee and Milwaukee County. AB868,,33Analysis by the Legislative Reference Bureau This bill eliminates or modifies the following provisions enacted under 2023 Act 12: County sales tax; unfunded retirement system liability
1. Current law allows a county in which a city of the first class is located (Milwaukee County) to adopt a sales tax at the rate of 0.4 percent to pay the unfunded actuarial accrued liability of the county’s retirement system. Beginning in 2026, current law requires a county that imposes the tax to annually submit a report to the Joint Committee on Finance containing detailed information on the county’s expenditures in the previous year from the sales tax revenues. The bill eliminates that reporting requirement.