LRB-2491/3
MES:jld&kjf:pg
2007 - 2008 LEGISLATURE
May 10, 2007 - Introduced by Representative Moulton, cosponsored by Senator
Kreitlow. Referred to Committee on Ways and Means.
AB320,1,3 1An Act to create 66.1105 (5) (bL) of the statutes; relating to: the timing of a joint
2review board meeting regarding tax incremental district number 3 in the city
3of Altoona.
Analysis by the Legislative Reference Bureau
Under the current tax incremental financing program, a city or village may
create a tax incremental district (TID) in part of its territory to foster development
if at least 50 percent of the area to be included in the TID is blighted, in need of
rehabilitation or conservation, suitable for industrial sites, or suitable for mixed-use
development. Before a city or village may create a TID, or amend its project plan,
several steps and plans are required. These steps and plans include public hearings
on the proposed TID within specified time frames, preparation and adoption by the
local planning commission of a proposed project plan, or amendment, for the TID,
approval of the proposed project plan or amendment by the joint review board and
common council or village board, and adoption of a resolution by the common council
or village board that creates the TID as of a date provided in the resolution.
One of the requirements in the 2001 statutes was that a joint review board
approve an amendment to a project plan not less than ten days nor more than 30 days
after receiving the resolution amending the plan from the common council or village
board. With regard to TID number 3 in the city of Altoona, the joint review board
approved an amended project plan in September 2003 less than ten days after
receiving the resolution from the Altoona common council.
Under this bill, the requirement that the joint review board had to have acted
not less than ten days nor more than 30 days after receiving the project plan

amendment resolution from the common council does not apply to TID number 3 in
Altoona. The bill also requires the Department of Revenue to treat the TID as if that
2001 statutory requirement had been complied with, redetermine the TID's base
value using January 1, 2003, property values, and certify a value increment
beginning in 2007.
For further information see the 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:
AB320, s. 1 1Section 1. 66.1105 (5) (bL) of the statutes is created to read:
AB320,2,112 66.1105 (5) (bL) The requirement under s. 66.1105 (4m) (b) 2., 2001 stats., that
3a vote by the board take place not less than 10 days nor more than 30 days after
4receiving a resolution does not apply to a resolution amending a project plan under
5sub. (4) (h) 1. if the resolution related to tax incremental district number 3 in the city
6of Altoona. The Department of Revenue shall approve the boundary amendment,
7allocate tax increments, redetermine the tax incremental base of the district using
8the January 1, 2003, values, and treat the district in all other respects as if the
9provisions of s. 66.1105 (4m) (b) 2., 2001 stats., had been complied with, except that
10the department of revenue may not certify a value increment under par. (b) before
112007.
AB320,2,1212 (End)
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