AB478: Bill Text

AB478, s. 62 Section 62. 73.03 (57) of the statutes is created to read:

AB478,30,17 73.03 (57) To create, and update, a manual on the tax incremental finance program under s. 66.1105. The manual shall contain the rules relating to the program, common problems faced by cities and villages under the program, possible side effects of the use of tax incremental financing, and any other information the department determines is appropriate. The department may consult with, and solicit the views of, any interested person while preparing or updating the manual.

AB478, s. 63 Section 63. 74.23 (1) (b) of the statutes is amended to read:

AB478,31,3 74.23 (1) (b) General property taxes. After making the distribution under par. (a), the taxation district treasurer shall pay to each taxing jurisdiction within the district its proportionate share of general property taxes, except that the treasurer shall pay the state's proportionate share to the county. As part of that distribution, the taxation district treasurer shall retain for the taxation district and for each tax incremental district within the taxation district and each environmental remediation tax incremental district created by the taxation district its proportionate share of general property taxes. The taxation district treasurer shall also distribute to the county the proportionate share of personal property taxes for each environmental remediation tax incremental district created by the county.

AB478, s. 64 Section 64. 74.25 (1) (b) 1. of the statutes is amended to read:

AB478,31,14 74.25 (1) (b) 1. Pay in full to each taxing jurisdiction within the district all personal property taxes included in the tax roll which have not previously been paid to, or retained by, that taxing jurisdiction, except that the treasurer shall pay the state's proportionate share to the county. As part of that distribution, the taxation district treasurer shall allocate to each tax incremental district within the taxation district and each environmental remediation tax incremental district created by the taxation district its proportionate share of personal property taxes. The taxation district treasurer shall also distribute to the county the proportionate share of personal property taxes for each environmental remediation tax incremental district created by the county.

AB478, s. 65 Section 65. 74.25 (1) (b) 2. of the statutes is amended to read:

AB478,31,24 74.25 (1) (b) 2. Pay to each taxing jurisdiction within the district its proportionate share of real property taxes, except that the treasurer shall pay the state's proportionate share to the county. As part of that distribution, the taxation district treasurer shall retain for the taxation district and for each tax incremental district within the taxation district and each environmental remediation tax incremental district created by the taxation district its proportionate share of real property taxes. The taxation district treasurer shall also distribute to the county the proportionate share of real property taxes for each environmental remediation tax incremental district created by the county.

AB478, s. 66 Section 66. 74.30 (1) (i) of the statutes is amended to read:

AB478,32,10 74.30 (1) (i) Pay in full to each taxing jurisdiction within the district all personal property taxes included in the tax roll which have not previously been paid to, or retained by, each taxing jurisdiction, except that the treasurer shall pay the state's proportionate share to the county. As part of that distribution, the taxation district treasurer shall allocate to each tax incremental district within the taxation district and each environmental remediation tax incremental district created by the taxation district its proportionate share of personal property taxes. The taxation district treasurer shall also distribute to the county the proportionate share of personal property taxes for each environmental remediation tax incremental district created by the county.

AB478, s. 67 Section 67. 74.30 (1) (j) of the statutes is amended to read:

AB478,32,20 74.30 (1) (j) Pay to each taxing jurisdiction within the district its proportionate share of real property taxes, except that the treasurer shall pay the state's proportionate share to the county. As part of that distribution, the taxation district treasurer shall retain for the taxation district and for each tax incremental district within the taxation district and each environmental remediation tax incremental district created by the taxation district its proportionate share of real property taxes. The taxation district treasurer shall also distribute to the county the proportionate share of real property taxes for each environmental remediation tax incremental district created by the county.

AB478, s. 68 Section 68. 74.30 (2) (b) of the statutes is amended to read:

AB478,33,6 74.30 (2) (b) Pay to each taxing jurisdiction within the district its proportionate share of real property taxes collected, except that the taxation district treasurer shall pay the state's proportionate share to the county, and the county treasurer shall settle for that share under s. 74.29. As part of that distribution, the taxation district treasurer shall retain for the taxation district and for each tax incremental district within the taxation district and each environmental remediation tax incremental district created by the taxation district its proportionate share of real property taxes. The taxation district treasurer shall also distribute to the county the proportionate share of real property taxes for each environmental remediation tax incremental district created by the county.

AB478, s. 69 Section 69. 79.095 (1) (c) of the statutes is amended to read:

AB478,33,10 79.095 (1) (c) "Taxing jurisdiction" means a municipality, county, school district, special purpose district, tax incremental district, environmental remediation tax incremental district, or technical college district.

AB478, s. 70 Section 70. 79.095 (2) (b) of the statutes is amended to read:

AB478,33,15 79.095 (2) (b) On or before December 31, the tax rate used for each tax incremental district for which the municipality assesses property and for each environmental remediation tax incremental district for which the municipality assesses property.

AB478, s. 71 Section 71. 234.01 (4n) (a) 3m. a. of the statutes is amended to read:

AB478,33,19 234.01 (4n) (a) 3m. a. The facility is in a tax incremental district or an environmental remediation tax incremental district or is the subject of an urban development action grant and will result in a net economic benefit to the state.

AB478, s. 72 Section 72 . Nonstatutory provisions.

AB478,33,24 (1) The authorized FTE positions for the department of revenue are increased by 1.0 PR position to be funded from the appropriation under section 20.566 (1) (go) of the statutes, as created by this act, for the purpose of performing services related to tax incremental districts.

AB478, s. 73 Section 73. Initial applicability.

AB478,34,3 (1) Except as provided in subsections (2) and (4), this act first applies to a tax incremental district that is in existence on the effective date of this subsection or that is created on the effective date of this subsection.

AB478,34,11 (2) Except as provided in subsection (4 ), the treatment of section 66.1105 (2) (f) 1. i. and 2. d., (3) (e) and (g), (4) (e), (gm) 1. and 6., and (h) 2., (4m) (a), (am), and (b) 2., 2m., 4., and 5., (5) (a) (as it relates to the department of revenue's certification of a tax incremental base), (b), (c), and (ce), (6) (e) 1. d. and 2., (7) (ae), (am), and (ar), and (8) (title), (c), and (d) of the statutes, the renumbering and amendment of section 66.1105 (6) (a) and (am) 1. of the statutes, and the creation of section 66.1105 (6) (a) 5. and (am) 1. c. of the statutes first apply to a tax incremental district that is created on October 1, 2004.

AB478,34,14 (3) This act first applies to an environmental remediation tax incremental district, the written remediation proposal for which is approved by the political subdivision's governing body on the effective date of this subsection.

AB478,34,18 (4) The treatment of section 66.1105 (2) (f) 1. i. and 2. d., (4) (gm) 1. and (h) 2., (4m) (b) 2. and 4., (5) (b), (c), and (ce), and (6) (e) 1. d. of the statutes first applies to the amendment of a tax incremental district's project plan that takes effect on October 1, 2004.

AB478, s. 74 Section 74. Effective dates. This act takes effect on the first day of the 4th month beginning after publication, except as follows:

AB478,34,24 (1) The treatment of sections 20.566 (1) (go) and 66.1105 (5) (a) (as it relates to the fee that may be imposed by the department of revenue) of the statutes and Section 72 of this act take effect on January 1, 2004, or on the day after publication, whichever is later.

AB478,35,7 (2 ) The treatment of section 66.1105 (2) (f) 1. i. and 2. d., (3) (e) and (g), (4) (e), (gm) 1., 4. a., and 6., and (h) 2., (4m) (a), (am), (b) 2., 2m., 4. and 5., (5) (a) (as it relates to the department of revenue's certification of a tax incremental base), (b), (c), and (ce), (6) (e) 1. d. and 2., (7) (ae), (am), and (ar), and (8) (title), (c), and (d) of the statutes, the renumbering and amendment of section 66.1105 (6) (a) and (am) 1. of the statutes, and the creation of section 66.1105 (6) (a) 5. and (am) 1. c. of the statutes take effect on October 1, 2004, or on the day after publication, whichever is later.

AB478,35,8 (End)