2001 WISCONSIN ACT 5
An Act to create 66.1105 (5) (bg) of the statutes; relating to: the filing of certain forms related to a tax incremental financing district.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
5,1
Section
1. 66.1105 (5) (bg) of the statutes is created to read:
66.1105 (5) (bg) Notwithstanding the time limits in par. (b), if the city clerk of a city that created a tax incremental district in February 1999 files with the department of revenue, not later than May 31, 2000, the forms and application that were originally due on or before December 31, 1999, the tax incremental base of the district shall be calculated by the department of revenue as if the forms and application had been filed on or before December 31, 1999, and, until the tax incremental district terminates, the department of revenue shall allocate tax increments and treat the district in all other respects as if the forms and application had been filed on or before December 31, 1999, except that the department may not certify a value increment under par. (b) before 2001.