LRB-1497/P1
EKL:klm
2021 - 2022 LEGISLATURE
DOA:......Quinn, BB0486 - Wisconsin Dells TIF district expenditure periods
For 2021-2023 Budget -- Not Ready For Introduction
An Act ...; relating to: the budget.
Analysis by the Legislative Reference Bureau
local government
Tax incremental districts in city of Wisconsin Dells
This bill extends the expenditure periods for two tax incremental districts in the City of Wisconsin Dells. Under current law, a city or village that creates a TID generally may not make expenditures for project costs later than five years before the TID's unextended termination date. Under this bill, the City of Wisconsin Dells may make expenditures for project costs through November 2026 for TID Number Two and through May 2040 for TID Number Three.
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:
Section
1. 66.1105 (6) (am) 2. n. of the statutes is created to read:
66.1105 (6) (am) 2. n. Expenditures for project costs for Tax Incremental District Number 2 in the city of Wisconsin Dells. Such expenditures may be made through November 2026.
Section
2. 66.1105 (6) (am) 2. o. of the statutes is created to read:
66.1105 (6) (am) 2. o. Expenditures for project costs for Tax Incremental District Number 3 in the city of Wisconsin Dells. Such expenditures may be made through May 2040.
(End)
