AB507: Bill Text

AB507,7,15 66.0602 (3) (d) 2. The limit otherwise applicable under this section does not apply to amounts levied by a political subdivision for the payment of any general obligation debt service, including debt service on debt issued or reissued to fund or refund outstanding obligations of the political subdivision, interest on outstanding obligations of the political subdivision, or the payment of related issuance costs or redemption premiums, authorized on or after July 1, 2005, and before July 1, 2007, and secured by the full faith and credit of the political subdivision.

AB507, s. 9 Section 9. 66.0602 (3) (d) 4. of the statutes is created to read:

AB507,7,22 66.0602 (3) (d) 4. If the amount of a lease payment related to a lease revenue bond for a political subdivision in the preceding year is less than the amount of the lease payment needed in the current year, as a result of the issuance of a lease revenue bond before July 1, 2005, the levy increase limit otherwise applicable under this section to the political subdivision in the current year is increased by the difference between these 2 amounts.

AB507, s. 10 Section 10. 66.0602 (3) (d) 5. of the statutes is created to read:

AB507,8,5 66.0602 (3) (d) 5. The limit otherwise applicable under this section does not apply to amounts levied by a political subdivision for the payment of any general obligation debt service, including debt service on debt issued or reissued to fund or refund outstanding obligations of the political subdivision, interest on outstanding obligations of the political subdivision, or the payment of related issuance costs or redemption premiums, authorized by referendum on or after July 1, 2007, and secured by the full faith and credit of the political subdivision.

AB507, s. 11 Section 11. 66.0602 (3) (e) of the statutes is renumbered 66.0602 (3) (e) (intro.) and amended to read:

AB507,8,10 66.0602 (3) (e) (intro.) The limit otherwise applicable under this section does not apply to the amount that a county levies in that year for a county children with disabilities education board. any of the following:

AB507, s. 12 Section 12. 66.0602 (3) (e) 1. of the statutes is created to read:

AB507,8,13 66.0602 (3) (e) 1. The amount that a county levies in that year for a county children with disabilities education board.

AB507, s. 13 Section 13. 66.0602 (3) (e) 2. of the statutes is created to read:

AB507,8,16 66.0602 (3) (e) 2. The amount that a 1st class city levies in that year for school purposes.

AB507, s. 14 Section 14. 66.0602 (3) (e) 3. of the statutes is created to read:

AB507,8,19 66.0602 (3) (e) 3. The amount that a county levies in that year under s. 82.08 (2) for bridge and culvert construction and repair.

AB507, s. 15 Section 15. 66.0602 (3) (e) 6. of the statutes is created to read:

AB507,8,22 66.0602 (3) (e) 6. The amount that a county levies in that year for a countywide emergency medical system.

AB507, s. 16 Section 16. 66.0602 (3) (e) 7. of the statutes is created to read:

AB507,9,2 66.0602 (3) (e) 7. The amount that a village levies in that year for police protection services, but this subdivision applies only to a village's levy for the year immediately after the year in which the village changes from town status and incorporates as a village, and only if the town did not have a police force.

AB507, s. 17 Section 17. 66.0602 (3) (f) of the statutes is repealed.

AB507, s. 18 Section 18. 66.0602 (3) (h) 1. of the statutes is amended to read:

AB507,9,10 66.0602 (3) (h) 1. Subject to subd. 2., the limit otherwise applicable under this section does not apply to the amount that a city, village, or town levies in that year to pay for charges assessed by a joint fire department organized under s. 61.65 (2) (a) 3. or 62.13 (2m), but only to the extent that the amount levied to pay for such charges would cause the city, village, or town to exceed the limit that is otherwise applicable under this section.

AB507, s. 19 Section 19. 66.0602 (4) (a) of the statutes is amended to read:

AB507,9,23 66.0602 (4) (a) A political subdivision may exceed the levy increase limit under sub. (2) if its governing body adopts a resolution to that effect and if the resolution is approved in a referendum. The resolution shall specify the proposed amount of increase in the levy beyond the amount that is allowed under sub. (2), and shall specify whether the proposed amount of increase is for the next fiscal year only or if it will apply on an ongoing basis. With regard to a referendum relating to the 2005 levy, or any levy in an odd-numbered year thereafter, the political subdivision may call a special referendum for the purpose of submitting the resolution to the electors of the political subdivision for approval or rejection. With regard to a referendum relating to the 2006 levy, or any levy in an even-numbered year thereafter, the referendum shall be held at the next succeeding spring primary or election or September primary or general election.

AB507, s. 20 Section 20. 66.0602 (4) (d) of the statutes is amended to read:

AB507,10,7 66.0602 (4) (d) Within 14 days after the referendum, the clerk of the political subdivision shall certify the results of the referendum to the department of revenue. The levy increase limit otherwise applicable to the political subdivision under this section is increased in the next fiscal year by the percentage approved by a majority of those voting on the question. If the resolution specifies that the increase is for one year only, the amount of the increase shall be subtracted from the base used to calculate the limit for the 2nd succeeding fiscal year.

AB507, s. 21 Section 21. 66.0602 (5) of the statutes is amended to read:

AB507,10,17 66.0602 (5) Exception, certain towns. A town with a population of less than 2,000 may exceed the levy increase limit otherwise applicable under this section to the town if the town board adopts a resolution supporting an increase and places the question on the agenda of an annual town meeting or a special town meeting and if the annual or special town meeting adopts a resolution endorsing the town board's resolution. The limit otherwise applicable to the town under this section is increased in the next fiscal year by the percentage approved by a majority of those voting on the question. Within 14 days after the adoption of the resolution, the town clerk shall certify the results of the vote to the department of revenue.

AB507, s. 22 Section 22. 66.0602 (6) (intro.) of the statutes is amended to read:

AB507,10,21 66.0602 (6) Penalties. (intro.) If Except as provided in sub. (6m), if the department of revenue determines that a political subdivision has a penalized excess in any year, the department of revenue shall do all of the following:

AB507, s. 23 Section 23. 66.0602 (6) (c) of the statutes is amended to read:

AB507,10,25 66.0602 (6) (c) Ensure that the amount of the penalized excess is not included in determining the limit described under sub. (2) for the political subdivision for the following year.

AB507, s. 24 Section 24. 66.0602 (6m) of the statutes is created to read:

AB507,11,14 66.0602 (6m) Mistakes in levies. The department of revenue may issue a finding that a political subdivision is not liable for a penalty that would otherwise be imposed under sub. (6) if a taxation district clerk or a county clerk, through mistake or inadvertence in preparing or delivering the tax roll, causes a political subdivision's actual levy in the year before the current year to be different from the amount intended by the political subdivision's governing body. The political subdivision shall use the intended levy as its base amount in determining its maximum allowable levy for the current year if the department of revenue determines that the final action taken by the political subdivision, in setting its levy for the year before the current year, was to set the levy at the intended amount and not at the actual amount. If the department makes such a determination it may issue a finding that the political subdivision is not liable for a penalty that would otherwise be imposed under sub. (6).

AB507, s. 25 Section 25. 66.0602 (7) of the statutes is repealed.

AB507,11,16 (End)