AB132,8,1413 c. An itemized list of all expenditures from the special fund by category of
14permissible project costs.
AB132,8,2215 d. The balance in the special fund at the end of the fiscal year, including a
16breakdown of the balance by source and a breakdown of the balance identifying any
17portion of the balance that is required, pledged, earmarked, or otherwise designated
18for payment of, or securing of, obligations and anticipated project costs. Any portion
19of the ending balance that has not been previously identified and is not identified in
20the current analysis as being required, pledged, earmarked, or otherwise designated
21for payment of, or securing of, obligations or anticipated project costs shall be
22designated as surplus.
AB132,8,2423 7. The contact information of a person designated by the town to respond to
24questions or concerns regarding the annual report.

Sections 5 and 6 require the town to file an annual report describing the status of
each existing industry-specific town TID, including expenditures and revenues, to each
overlying taxing jurisdiction and to DOR. The annual report filed with DOR must be in
electronic format and the deadline for filing an annual report is extended from May 1 to
July 1. These Sections also include a list of information that must be included in the
annual report.
AB132,7 1Section 7 . 66.1105 (3) (g) of the statutes is repealed.
AB132,8 2Section 8 . 66.1105 (4m) (a) of the statutes is amended to read:
AB132,9,223 66.1105 (4m) (a) Any city that seeks to create a tax incremental district, amend
4a project plan, have a district's tax incremental base redetermined under sub. (5) (h),
5or incur project costs as described in sub. (2) (f) 1. n. for an area that is outside of a
6district's boundaries, shall convene a temporary standing joint review board under
7this paragraph, or a standing joint review board under sub. (3) (g), to review the
8proposal. If a city creates more than one tax incremental district consisting of
9different overlying taxing jurisdictions, it shall create a separate joint review board
10for each combination of overlying jurisdictions. The joint review board shall remain
11in existence for the entire time that any tax incremental district exists in the city
12with the same overlying taxing jurisdictions as the overlying taxing jurisdictions
13represented on the standing joint review board.
Except as provided in par. (am) and
14(as), and subject to par. (ae), the board shall consist of one representative chosen by
15the school district that has power to levy taxes on the property within the tax
16incremental district, one representative chosen by the technical college district that
17has power to levy taxes on the property within the tax incremental district, one
18representative chosen by the county that has power to levy taxes on the property
19within the tax incremental district, one representative chosen by the city, and one
20public member. If more than one school district, more than one union high school
21district, more than one elementary school district, more than one technical college
22district or more than one county has the power to levy taxes on the property within

1the tax incremental district, the unit in which is located property of the tax
2incremental district that has the greatest value shall choose that representative to
3the board. The public member and the board's chairperson shall be selected by a
4majority of the other board members before the public hearing under sub. (4) (a) or
5(h) 1. is held. All board members shall be appointed and the first board meeting held
6within 14 days after the notice is published under sub. (4) (a) or (h) 1. Additional
7meetings
Meetings of the board in addition to the meeting required under this
8paragraph and par. (f)
shall be held upon the call of any member. The city that seeks
9to create the tax incremental district, amend its project plan, have a district's tax
10incremental base redetermined under sub. (5) (h), or make or incur an expenditure
11as described in sub. (2) (f) 1. n. for an area that is outside of a district's boundaries
12shall provide administrative support for the board. By majority vote, the board may
13disband following approval or rejection of the proposal, unless the board is a standing
14board that is created by the city under sub. (3) (g)
the termination under sub. (7) of
15all existing tax incremental districts in the city with the same overlying taxing
16jurisdictions as the overlying taxing jurisdictions represented on the joint review
17board
.
Note: Sections 7 and 8 eliminate a political subdivision's ability to create either
a temporary JRB or a standing JRB, at its discretion and instead, require a political
subdivision to convene a standing JRB that must remain in existence for the entire time
that any TID exists in the political subdivision with the same overlying taxing
jurisdictions as the overlying taxing jurisdictions represented on the JRB. Section 8
provides that the JRB may, by majority vote, disband following the termination of all
existing TIDs located in the political subdivision with the same overlying taxing
jurisdictions as the overlying taxing jurisdictions represented on the JRB.
AB132,9 18Section 9. 66.1105 (4m) (f) of the statutes is created to read:
AB132,11,219 66.1105 (4m) (f) The joint review board shall meet annually on July 1, or when
20an annual report under sub. (6m) (c) becomes available, to review annual reports

1under sub. (6m) (c) and to review the performance and status of each district
2governed by the board.
Note: This Section requires a JRB to meet annually on July 1, or as soon as the
updated annual report describing the status of each existing TID becomes available. The
purpose of the annual meeting is to review the performance and status of each existing
TID.
AB132,10 3Section 10 . 66.1105 (6m) (c) of the statutes is renumbered 66.1105 (6m) (c)
4(intro.) and amended to read:
AB132,11,115 66.1105 (6m) (c) (intro.) The city shall prepare and make available to the public
6updated annual reports describing the status of each existing tax incremental
7district, including expenditures and revenues. The city shall send file a copy of the
8report to with each overlying district and the department of revenue by May July 1
9annually. The copy of the report filed with the department of revenue shall be in
10electronic format. The annual report shall contain at least all of the following
11information:
AB132,11 12Section 11 . 66.1105 (6m) (c) 1. to 7. of the statutes are created to read:
AB132,11,1313 66.1105 (6m) (c) 1. The name assigned to the district under sub. (4) (gm) 3.
AB132,11,1514 2. The declared classification of the tax incremental district under sub. (4) (gm)
156. and the scope of the project.
AB132,11,1816 3. The name of any developer who is named in a developer's agreement with
17the city or who receives any financial assistance from tax increments allocated for
18the tax incremental district.
AB132,11,2019 4. The date that the city expects the tax incremental district to terminate under
20sub. (7).
AB132,11,2221 5. The amount of tax increments to be deposited into a special fund for that
22district under sub. (6) (c).
AB132,12,2
16. An analysis of the special fund under sub. (6) (c) for the district. The analysis
2shall include all of the following:
AB132,12,33 a. The balance in the special fund at the beginning of the fiscal year.
AB132,12,54 b. All amounts deposited in the special fund by source, including all amounts
5received from another tax incremental district.
AB132,12,76 c. An itemized list of all expenditures from the special fund by category of
7permissible project costs.
AB132,12,158 d. The balance in the special fund at the end of the fiscal year, including a
9breakdown of the balance by source and a breakdown of the balance identifying any
10portion of the balance that is required, pledged, earmarked, or otherwise designated
11for payment of, or securing of, obligations and anticipated project costs. Any portion
12of the ending balance that has not been previously identified and is not identified in
13the current analysis as being required, pledged, earmarked, or otherwise designated
14for payment of, or securing of, obligations or anticipated project costs shall be
15designated as surplus.
AB132,12,1716 7. The contact information of a person designated by the city to respond to
17questions or concerns regarding the annual report.
Sections 10 and 11 require the political subdivision to file an annual report
describing the status of each existing TID, including expenditures and revenues to each
overlying taxing jurisdiction and to DOR. The annual report filed with DOR must be in
electronic format. The deadline for filing an annual report is extended from May 1 to July
1. Section 11 also includes a list of information that must be included in the annual
report.
AB132,12 18Section 12. 66.1105 (6m) (e) of the statutes is created to read:
AB132,12,2119 66.1105 (6m) (e) 1. The department of revenue shall, by rule, designate a
20format for annual reports under par. (c) and shall require these reports to be filed
21electronically.
AB132,13,4
12. The department of revenue shall post annual reports on its official Internet
2site no later than 45 days after the department receives the report from the city. The
3department shall also post a list of cities that have not submitted a required annual
4report to the joint review board or to the department of revenue.
AB132,13,105 3. Notwithstanding par. (c), if a city provides the department of revenue with
6sufficient evidence that an annual report is in the process of being completed, the
7department of revenue may grant an extension of time for submitting the report. The
8department shall post on its official Internet site a list of cities that have received an
9extension granted under this subdivision, the period of the extension, and an
10indication of whether the municipality timely filed the report within the extension.
AB132,13,1511 4. If an annual report is not timely filed under subd. 3. or par. (c), the
12department of revenue shall notify the city that the report is past due. If the city does
13not file the report within 60 days of the date on the notice, except as provided in this
14subdivision, the department shall charge the city a fee of $100 per day for each day
15that the report is past due.
This Section requires DOR to create a format for political subdivisions to use for
the submission of annual reports describing the status of each existing TID, that are to
be electronically submitted to DOR. DOR must create this format by rule. DOR must post
on its official Internet site the annual report filed with it no later than 45 days after it
receives the annual report. However, DOR may grant a political subdivision an extension
of time for submitting the annual report if the political subdivision provides DOR with
sufficient evidence that the report is in the process of being completed. DOR must post
on its official Internet site, a list of political subdivisions that received an extension of
time for filing the annual report, the time period of the extension, and whether the
political subdivision timely filed the annual report within the extension of time.
This Section also requires DOR to notify a political subdivision that its annual
report is past due if the political subdivision does not file the annual report by May 1, or
within the extension of time granted by DOR. Under this Section, if the political
subdivision does not file the required annual report within 60 days of the date of the
notice, DOR must charge the political subdivision a fee of $100 per day for each day that
the annual report is past due.
AB132,13 16Section 13. 66.1106 (3) (a) of the statutes is amended to read:
AB132,15,8
166.1106 (3) (a) Any political subdivision that seeks to use an environmental
2remediation tax increment under sub. (2) shall convene a standing joint review board
3to review the proposal. If a political subdivision creates more than one tax
4incremental district under this section consisting of different overlying taxing
5jurisdictions, it shall create a separate standing joint review board for each
6combination of overlying jurisdictions, except that if a political subdivision creates
7a tax incremental district under this section and s. 66.1105 that share the same
8overlying taxing jurisdictions, the political subdivision may create one standing joint
9review board for the districts. The joint review board shall remain in existence for
10the entire time that any tax incremental district exists in the political subdivision
11with the same overlying taxing jurisdictions as the overlying taxing jurisdictions
12represented on the standing joint review board.
The board shall consist of one
13representative chosen by the school district that has power to levy taxes on the
14property that is remediated, one representative chosen by the technical college
15district that has power to levy taxes on the property, one representative chosen by
16the county that has power to levy taxes on the property that is remediated, one
17representative chosen by the city, village or town that has power to levy taxes on the
18property that is remediated and one public member. If more than one city, village or
19town, more than one school district, more than one technical college district or more
20than one county has the power to levy taxes on the property that is remediated, the
21unit in which is located property that has the greatest value shall choose that
22representative to the board. The public member and the board's chairperson shall
23be selected by a majority of the other board members at the board's first meeting.
24All board members shall be appointed and the first board meeting held within 14
25days after the political subdivision's governing body approves the written proposal

1under sub. (2). Additional meetings Meetings of the board in addition to the meeting
2required under this paragraph and par. (e)
shall be held upon the call of any member.
3The political subdivision that seeks to act under sub. (2) shall provide administrative
4support for the board. By majority vote, the board may disband following approval
5or rejection of the proposal
the termination under sub. (11) of all existing
6environmental remediation districts in the political subdivision with the same
7overlying taxing jurisdictions as the overlying taxing jurisdictions represented on
8the joint review board
.
Note: This Section requires a political subdivision to create a standing JRB that
must remain in existence for the entire time that any environmental remediation TID
exists in the political subdivision with the same overlying taxing jurisdictions as the
overlying taxing jurisdictions represented on the JRB. If a political subdivision creates
an environmental remediation TID, and a TID under s. 66.1105, Stats., and both TIDs
share the same overlying taxing jurisdictions, the political subdivision may use the same
standing JRB for both TIDs. Also, a standing JRB may, by majority vote, disband
following the termination of all existing environmental remediation TIDs located in the
political subdivision with the same overlying district as the overlying taxing jurisdictions
represented on the JRB.
AB132,14 9Section 14. 66.1106 (3) (e) of the statutes is created to read:
AB132,15,1310 66.1106 (3) (e) The joint review board shall meet annually on July 1, or when
11an annual report under sub. (10) (a) becomes available, to review annual reports
12under sub. (10m) (a) and to review the performance and status of each district
13governed by the board.
Note: This Section requires a standing JRB to meet annually on July 1, or as soon
as the updated annual report describing the status of each existing environmental
remediation TID becomes available. The purpose of the annual meeting is to review the
performance and status of each existing environmental remediation TID.
AB132,15 14Section 15. 66.1106 (10) (a) of the statutes is renumbered 66.1106 (10) (a)
15(intro.) and amended to read:
AB132,16,516 66.1106 (10) (a) (intro.) Prepare and make available to the public updated
17annual reports describing the status of all projects to remediate environmental
18pollution funded under this section, including revenues and expenditures. A copy

1of the report shall be sent to filed with all taxing jurisdictions with authority to levy
2general property taxes on the parcel or contiguous parcels of property and the
3department of revenue
by May July 1 annually. The copy of the report filed with the
4department of revenue shall be in electronic format. The annual report shall contain
5at least all of the following information:
AB132,16 6Section 16. 66.1106 (10) (a) 1. to 7. of the statutes are created to read:
AB132,16,77 66.1106 (10) (a) 1. The name assigned to the district.
AB132,16,98 2. The classification of the tax incremental district as an environmental
9remediation tax incremental district and the scope of the project.
AB132,16,1210 3. The name of any developer who is named in a developer's agreement with
11the town or who receives any financial assistance from tax increments allocated for
12the tax incremental district.
AB132,16,1413 4. The date that the town expects the tax incremental district to terminate
14under sub. (11).
AB132,16,1615 5. The amount of tax increments to be deposited into a special fund for that
16district under sub. (9).
AB132,16,1817 6. An analysis of the special fund under sub. (9) for the district. The analysis
18shall include all of the following:
AB132,16,1919 a. The balance in the special fund at the beginning of the fiscal year.
AB132,16,2120 b. All amounts deposited in the special fund by source, including all amounts
21received from another tax incremental district.
AB132,16,2322 c. An itemized list of all expenditures from the special fund by category of
23permissible project costs.
AB132,17,624 d. The balance in the special fund at the end of the fiscal year, including a
25breakdown of the balance by source and a breakdown of the balance identifying any

1portion of the balance that is required, pledged, earmarked, or otherwise designated
2for payment of, or securing of, obligations and anticipated project costs. Any portion
3of the ending balance that has not been previously identified and is not identified in
4the current analysis as being required, pledged, earmarked, or otherwise designated
5for payment of, or securing of, obligations or anticipated project costs shall be
6designated as surplus.
AB132,17,87 7. The contact information of a person designated by the political subdivision
8to respond to questions or concerns regarding the annual report.
This Section requires the political subdivision to file an annual report describing
the status of each existing environmental remediation TID, including expenditures and
revenues, to each overlying taxing jurisdiction and to DOR. The annual report filed with
DOR must be in electronic format. The deadline for filing an annual report is extended
from May 1 to July 1. This Section also includes a list of information that must be
included in the annual report.
AB132,17 9Section 17. 66.1106 (10m) of the statutes is created to read:
AB132,17,1210 66.1106 (10m) Review. (a) 1. The department of revenue shall, by rule,
11designate a format for annual reports under sub. (10) (a) and shall require these
12reports to be filed electronically.
AB132,17,1613 2. The department of revenue shall post annual reports on its official Internet
14site no later than 45 days after the department receives the report from the political
15subdivision. The department shall also post a list of political subdivisions that have
16not submitted an annual report to the joint review board or to the department.
AB132,18,217 3. Notwithstanding sub. (10) (a), if a political subdivision provides the
18department of revenue with sufficient evidence that an annual report is in the
19process of being completed, the department may grant an extension of time for
20submitting the report. The department shall post on its official Internet site a list
21of political subdivisions that have received an extension granted under this

1subdivision, the period of the extension, and an indication of whether the political
2subdivision timely filed the report within the extension.
AB132,18,73 4. If an annual report is not timely filed under subd. 3. or sub. (10) (a), the
4department of revenue shall notify the political subdivision that the annual report
5is past due. If the political subdivision does not file the report within 60 days of the
6date on the notice, the department shall charge the political subdivision a fee of $100
7per day for each day that the report is past due.
This Section requires DOR to create a format for political subdivisions to use for
the submission of annual reports describing the status of each existing environmental
remediation TID that are to be electronically filed to DOR. DOR must create this format
by rule. DOR must post on its official Internet site the annual reports filed with it no later
than 45 days after it receives the annual report. However, DOR may grant a political
subdivision an extension of time for filing the annual report if the political subdivision
provides DOR with sufficient evidence that the report is in the process of being completed.
DOR must post on its official Internet site a list of political subdivisions that received an
extension of time for filing the annual report, the time period of the extension, and
whether the political subdivision timely filed the annual report within the extension of
time.
Also under this Section, DOR must notify a political subdivision that its annual
report is past due if the political subdivision does not file the annual report by July 1, or
within the extension of time granted by DOR. Under this Section, if the political
subdivision does not file the required annual report within 60 days of the notice, DOR
must charge the political subdivision a fee of $100 per day for each day that the annual
report is past due.
AB132,18,88 (End)
Loading...
Loading...