LRB-1951/1
JK:kmg:cph
2003 - 2004 LEGISLATURE
April 8, 2003 - Introduced by Representatives Seratti, Albers, Bies, Hines,
Musser
and Ott. Referred to Committee on Urban and Local Affairs.
AB243,1,2 1An Act to create 74.09 (3) (bm) of the statutes; relating to: requiring that
2property tax bills identify operating costs and debt service.
Analysis by the Legislative Reference Bureau
Under current law, certain information must be included on property tax bills.
Such information includes the assessed value of the property, the amount of the tax
levied on the property by each taxing jurisdiction in which the property is located,
and the amount of any property tax credit. Under this bill, property tax bills must
also identify the amount of the tax levy that represents each taxing jurisdiction's
operating costs, the amount of the tax levy that represents each taxing jurisdiction's
debt service, and the amount of the tax levy that represents the amount of any bonds
cosigned by the taxing jurisdiction and issued for a publicly owned natural gas utility.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
AB243, s. 1 3Section 1. 74.09 (3) (bm) of the statutes is created to read:
AB243,1,74 74.09 (3) (bm) 1. For each taxing jurisdiction in which the property is located,
5identify the amount of the tax levy that represents the taxing jurisdiction's operating
6costs and the amount of the tax levy that represents the taxing jurisdiction's debt
7service.
AB243,2,3
12. For each taxing jurisdiction in which the property is located, identify the
2portion of the tax levy that represents the amount of any bonds cosigned by the taxing
3jurisdiction and issued for a publicly owned natural gas utility.
AB243, s. 2 4Section 2. Initial applicability.
AB243,2,55 (1) This act first applies to the property tax assessments as of January 1, 2003.
AB243,2,66 (End)
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