LRB-4575/1
MES:ahe
2019 - 2020 LEGISLATURE
December 20, 2019 - Introduced by Representatives Vos and McGuire,
cosponsored by Senators Wanggaard and Wirch. Referred to Committee on
Ways and Means.
AB687,1,4 1An Act to amend 66.1105 (20) (c) 2. of the statutes; relating to: increasing the
2expenditure period for certain capital expenditures made by a tax incremental
3financing district created in an electronics and information technology
4manufacturing zone.
Analysis by the Legislative Reference Bureau
With regard to a tax incremental financing district (TID) that is created in an
electronics and information technology manufacturing zone, the creating city or
village may incur project costs for certain specified items, such as capital
expenditures for constructing or expanding fire stations. Such capital expenditures
may be made only for the first 84 months following the TID's creation. Under this
bill, that time period is increased to 180 months.
For further information see the state and 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:
AB687,1 5Section 1. 66.1105 (20) (c) 2. of the statutes is amended to read:
AB687,2,106 66.1105 (20) (c) 2. Notwithstanding the provisions of sub. (2) (f) 2. a. and c., the
7cost of constructing or expanding fire stations, purchasing police and fire equipment,

1and the cost of general government operating expenses related to providing police
2and fire protection services, provided that the total of such expenditures do not
3exceed, over the district's lifetime, 15 percent of the total positive tax increments
4received by the creating city over the district's lifetime. With regard to capital
5expenditures that may be made under this subdivision, such expenditures may be
6made only for the first 84 180 months following the district's creation, and any
7expenditures made under this subdivision for constructing or expanding fire stations
8may be made only for fire stations located within a one-mile radius of the electronics
9and information technology manufacturing zone that is designated under s. 238.396
10(1m).
AB687,2,1111 (End)
Loading...
Loading...