Amendment AA1-AB136

LRBa1038/1

MES:kjf

2015 - 2016 LEGISLATURE

ASSEMBLY AMENDMENT 1, TO ASSEMBLY BILL 136

October 22, 2015 - Offered by Representative Kerkman.

AB136-AA1,1,1 At the locations indicated, amend the bill as follows:

AB136-AA1,1,2 1. Page 5, line 24: after that line insert:

AB136-AA1,1,3 " Section 11e. 66.1105 (17) (e) of the statutes is created to read:

AB136-AA1,1,6 66.1105 (17) (e) Distressed districts Notwithstanding the 15 percent limit described under sub. (4) (gm) 4. c., the limit under subd. 4. c. shall be 12 percent for any city or village to which all of the following apply:

AB136-AA1,1,10 1. The city or village contains a tax incremental district whose value increment in any year has declined at least 25 percent from the district's highest value increment determined by the department of revenue over the course of the district's life.

AB136-AA1,2,3 2. The city or village contains a tax incremental district that allocates positive tax increments generated by that district to another tax incremental district, as described in sub. (6) (e) or (f).".

AB136-AA1,2,4 (End)