Amendment ASA1-AB89

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1999 - 2000 LEGISLATURE

ASSEMBLY SUBSTITUTE AMENDMENT 1, TO 1999 ASSEMBLY BILL 89

March 18, 1999 - Offered by Representative Ziegelbauer.

AB89-ASA1,1,3 An Act to amend 74.11 (7), 74.12 (7) and 74.12 (8); and to create 74.01 (8) of the statutes; relating to: creating a grace period for payments of property tax instalments.

The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:

AB89-ASA1, s. 1 Section 1. 74.01 (8) of the statutes is created to read:

AB89-ASA1,1,5 74.01 (8) "Working day" has the meaning given in s. 227.01 (14).

AB89-ASA1, s. 2 Section 2. 74.11 (7) of the statutes is amended to read:

AB89-ASA1,2,2 74.11 (7) Delinquent first instalment. If the first instalment of taxes on real property or improvements on leased land is not paid on or before January 31, the entire amount of the taxes remaining unpaid is delinquent as of February 1, except that, if the instalment is paid within 5 working days from the day it is due, that instalment is not delinquent and does not render the unpaid balance delinquent. Instead, the instalment shall be collected, together with interest on the unpaid instalment at the applicable rate under s. 74.47 (1), from February 1.

AB89-ASA1, s. 3 Section 3. 74.12 (7) of the statutes is amended to read:

AB89-ASA1,2,12 74.12 (7) Delinquent first instalment. If the first instalment of real property taxes, personal property taxes on improvements on leased land or special assessments to which an instalment option pertains is not paid on or before January 31, the entire amount of the remaining unpaid taxes or special assessments to which an instalment option pertains on that parcel is delinquent as of February 1, except that, if the instalment is paid within 5 working days from the day it is due, that instalment is not delinquent and does not render the unpaid balance delinquent. Instead, the instalment shall be collected, together with interest on the unpaid instalment at the applicable rate under s. 74.47 (1), from February 1.

AB89-ASA1, s. 4 Section 4. 74.12 (8) of the statutes is amended to read:

AB89-ASA1,2,25 74.12 (8) Delinquent 2nd or subsequent instalment. If the 2nd or any subsequent instalment payment of real property taxes, personal property taxes on improvements on leased land or special assessments to which an instalment option pertains is not paid by the due date specified in the ordinance, the entire amount of the remaining unpaid taxes or special assessments to which an instalment option pertains on that parcel is delinquent as of the first day of the month after the payment is due and interest and penalties are due under sub. (10), except that, if the instalment is not the final instalment of the year and is paid within 5 working days from the day it is due, that instalment is not delinquent and does not render the unpaid balance delinquent. Instead, the instalment shall be collected, together with interest on the unpaid instalment at the applicable rate under s. 74.47 (1), from the day after the instalment is due.

AB89-ASA1, s. 5 Section 5. Initial applicability.

AB89-ASA1,3,3 (1) This act first applies to taxes based on the assessment as of the January 1 after publication.

AB89-ASA1,3,4 (End)