LRB-1369/1
MES:kmg:km
2001 - 2002 LEGISLATURE
February 1, 2001 - Introduced by Representatives Richards, Ryba, Williams and
Huber, cosponsored by Senators Grobschmidt, Plache and
Roessler.
Referred to Committee on Economic Development.
AB65,1,2
1An Act to amend 66.1109 (1) (b) and 66.1109 (5) (a) of the statutes;
relating to:
2parcels of land that may be included in a business improvement district.
Analysis by the Legislative Reference Bureau
Under current law a city, village, or town (municipality) may create a business
improvement district (BID), upon being petitioned to do so by an owner of real
property used for commercial purposes, if a number of steps are taken. In general,
a BID is an area within a municipality consisting of contiguous parcels that are
subject to general real estate taxes, other than railroad rights-of-way. If a BID is
created under an approved operating plan, the municipality may impose special
assessments on real property located within the BID, other than property used
exclusively for residential purposes, to provide for the development, redevelopment,
maintenance, operation, and promotion of the BID. A BID may not be created,
however, if a petition opposing the proposed BID is submitted to the municipality's
governing body by the owners of property to be assessed under the proposed plan
having a valuation at least equal to 40% of the valuation of all property to be so
assessed.
Under this bill, a number of changes are made in the BID law so that
tax-exempt parcels of property may be included within the proposed boundaries of
a BID. Also under the bill, tax-exempt parcels that are included in a BID may not
be subject to a special assessment under the BID law.
For further information see the 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:
AB65, s. 1
1Section
1. 66.1109 (1) (b) of the statutes is amended to read:
AB65,2,52
66.1109
(1) (b) "Business improvement district" means an area within a
3municipality consisting of contiguous parcels
subject to general real estate taxes,
4other than railroad rights-of-way, and may include railroad rights-of-way, rivers
, 5or highways continuously bounded by the parcels on at least one side.
AB65, s. 2
6Section
2. 66.1109 (5) (a) of the statutes is amended to read:
AB65,2,97
66.1109
(5) (a) Real property used exclusively for residential purposes
and real
8property that is exempted from general property taxes under s. 70.11 may not be
9specially assessed for purposes of this section.
