2017 - 2018 LEGISLATURE
SENATE AMENDMENT 2,
TO SENATE BILL 173
October 18, 2017 - Offered by Senator Cowles.
1. Obtain under par. (c) a certified site investigation report from the 5
“2. Certify to the department of revenue that at least one of the items specified 8
in this subd. 2. a. or b. apply. The starting point for determining a tax incremental 9
district's remaining life, under this subd. 2. a. and b., is the date on which the 10
planning commission adopts the project plan under sub. (4) (f) or an amendment to 11
the project plan under sub. (4) (h). The certified item shall be one of the following:
a. The project plan specifies that the city expects all project costs to be paid 2
within 90 percent of the tax incremental district's remaining life, based on the 3
district's termination date as calculated under sub. (7) (ak) to (au).
b. The project plan specifies that expenditures may be made only within the 5
first half of the tax incremental district's remaining life, based on the district's 6
termination date as calculated under sub. (7) (ak) to (au), and the limitation on the 7
expenditure period does not apply to any expenditure that is made to address 8
significant environmental pollution that was not identified in the original certified 9
site investigation report described in par. (c). No expenditure under this subdivision 10
may be made later than the time during which an expenditure may be made under 11
sub. (6) (am).”.
“1. The city may designate one environmental remediation tax incremental 14
district created under this subsection to which the 12 percent limit specified in sub. 15
(4) (gm) 4. c. does not apply. Once the city makes such a designation, it may not so 16
designate another environmental remediation tax incremental district until the 17
current district so designated terminates.”.
“(e) An environmental remediation tax incremental district created under this 20
subsection may not allocate positive tax increments under sub. (6) (e) or (f) to another 21
tax incremental district that is not an environmental remediation tax incremental 22
28. Page 16, line 22
: delete “, the legal description of which is contained in one 3
or more deeds" and substitute “created in compliance with applicable laws".
(at) Subdivision, transfer, or other change in property
. If, after the 7
date on which the department approves the environmental investigation of the 8
property, a parcel within the property is subdivided or transferred, a parcel within 9
the property is combined with a parcel not within the property, or any other similar 10
change is made to parcels affecting the property, the property that is included in an 11
application to obtain an exemption under this section shall remain the same unless 12
the voluntary party submits an application to the department to modify the property. 13
If the voluntary party proposes to modify the property because of a subdivision, 14
transfer, or other change to parcels affecting the property, the voluntary party shall 15
submit a revised application or applications to obtain an exemption under this 16
section for the modified property or properties as defined under sub. (1) (c). If the 17
department approves a voluntary party's proposed modification, each parcel within 18
the modified property not otherwise excluded under sub. (6m) or (7) shall meet all 19
of the requirements under par. (a), (ae), (af), or (ag) to be eligible for an exemption 20
under this section.”.