LRB-0953/1
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1995 - 1996 LEGISLATURE
January 24, 1995 - Introduced by Senators Risser and Chvala, cosponsored by
Representatives Baldwin, Baldus, Turner, L. Young, Hanson, Plombon,
Robson, Ryba, Vander Loop, Gronemus, Boyle and Morris-Tatum. Referred
to Committee on Business, Economic Development and Urban Affairs.
SB32,1,3
1An Act to amend 234.623 (5) of the statutes;
relating to: eligibility for the
2Wisconsin housing and economic development authority's property tax deferral
3loan program.
Analysis by the Legislative Reference Bureau
Under current law, the Wisconsin housing and economic development
authority (WHEDA) operates a property tax deferral loan program. Under the
program, WHEDA makes loans to low-income homeowners who are 65 years of age
or older for the purpose of helping the homeowner pay his or her property taxes and
special assessments and remain in his or her home. A homeowner is eligible for a
loan under the property tax deferral loan program if he or she earned $20,000 or less
in income in the year prior to the year in which the property taxes or special
assessments for which the loan is made are due. This bill changes the eligibility
requirements for the property tax deferral loan program by providing that a
homeowner is eligible for a loan if he or she earned $30,000 or less in income in the
year prior to the year in which the property taxes or special assessments for which
the loan is made are due.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
SB32, s. 1
4Section
1. 234.623 (5) of the statutes is amended to read:
SB32,1,75
234.623
(5) Earned no more than
$20,000 $30,000 in income, as defined under
6s. 71.52 (5), in the year prior to the year in which the property taxes or special
7assessments for which the loan is made are due.
SB32,2,4
2(1) This act first applies to persons who apply for a property tax deferral loan
3under sections 234.621 to 234.626 of the statutes on the effective date of this
4subsection.
