Amendment SA2-SSA1-AB453

2025 - 2026 LEGISLATURE

LRBa1183/1

EVM:cdc&emw

SENATE AMENDMENT 2, TO SENATE SUBSTITUTE AMENDMENT 1, TO ASSEMBLY BILL 453

February 18, 2026 - Offered by Senators Ratcliff, L. Johnson, Wall, Spreitzer, Drake, Dassler-Alfheim, Habush Sinykin, Hesselbein, Keyeski, Pfaff, Roys and Smith.

AB453-SSA1-SA2,1,1 At the locations indicated, amend the substitute amendment as follows:

AB453-SSA1-SA2,1,3 1. Page 11, line 23: delete the material beginning with that line and ending with page 12, line 4, and substitute:

AB453-SSA1-SA2,1,4 “Section 20g. 66.1105 (6) (g) 1. (intro.) of the statutes is amended to read:

AB453-SSA1-SA2,1,9 66.1105 (6) (g) 1. (intro.) After Subject to subd. 1m., after the date on which a tax incremental district created by a city pays off the aggregate of all of its project costs, and notwithstanding the time at which such a district would otherwise be required to terminate under sub. (7), a city may extend the life of the district for one year 3 years if the city does all of the following:

AB453-SSA1-SA2,20i Section 20i. 66.1105 (6) (g) 1. b. of the statutes is amended to read:

AB453-SSA1-SA2,2,3 66.1105 (6) (g) 1. b. The city forwards a copy of the resolution under subd. 1. a. and, if the extension is for more than one year, a copy of the resolution under subd. 1m., to the department of revenue, notifying the department that it must continue to authorize the allocation of tax increments to the district under par. (a).

AB453-SSA1-SA2,20k Section 20k. 66.1105 (6) (g) 1m. of the statutes is created to read:

AB453-SSA1-SA2,2,7 66.1105 (6) (g) 1m. An extension under subd. 1. may not be for more than one year unless the joint review board approves, by resolution, the extension under subd. 1.”.

AB453-SSA1-SA2,2,8 (end)