AB662: Bill Text

LRB-1404/2

MES:jld:rs

2005 - 2006 LEGISLATURE

2005 Assembly BILL 662

September 15, 2005 - Introduced by Representatives Sherman, Musser, Mursau, Molepske and Lehman, cosponsored by Senators Decker and Grothman. Referred to Committee on Urban and Local Affairs.

AB662,1,2 An Act relating to: requiring the departments of administration and revenue to study the impact on local governments of removing land from the tax rolls.

Analysis by the Legislative Reference Bureau

This bill requires the departments of administration and revenue to conduct a study of the impact on local governments of removing land from the tax rolls, and methods by which the local governments may be compensated for the loss of tax base.

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:

AB662, s. 1 Section 1. Nonstatutory provisions.

AB662,1,6 (1) The departments of administration and revenue, in consultation with representatives of the private and public sector, shall conduct a study of all of the following:

AB662,1,8 (a) The impact on local governments of removing from the tax rolls, for public purposes, large amounts of land.

AB662,2,4 (b) Methods by which local governments may be compensated for the loss of tax base due to such removal of land from the tax base, including changes to the shared revenue formula, and basing payments in lieu of taxes payments on more than just the undeveloped value of the land.

AB662,2,12 (2) The study shall concentrate on areas in which public land constitutes a majority of the territory within a taxing jurisdiction. The departments of administration and revenue shall prepare a joint report that contains the results and conclusions of the study, including fiscal estimates for each method of compensation that is considered, and submit the report no later than the first day of the 12th month beginning after the effective date of this subsection, to the appropriate standing committees of the legislature in the manner provided under section 13.172 (3) of the statutes and to the governor.

AB662,2,13 (End)