LRB-3856/1
MES:jld:rs
2007 - 2008 LEGISLATURE
January 25, 2008 - Introduced by Representatives Steinbrink, Kerkman and
Kreuser, cosponsored by Senator Wirch. Referred to Committee on Ways and
Means.
AB730,1,4
1An Act to amend 66.1105 (4) (h) 2.; and
to create 66.1105 (4) (h) 8. of the
2statutes;
relating to: increasing the allowable number of project plan
3amendments for tax incremental district number 2 in the village of Pleasant
4Prairie.
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.
Generally under current law a local planning commission may amend the
project plan of a TID, by adding or subtracting territory from the district, not more
than four times during the TID's existence.
Under this bill, with regard to TID number 2 in the village of Pleasant Prairie,
the local planning commission may amend the project plan of the TID not more than
six times.
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:
AB730, s. 1
1Section
1. 66.1105 (4) (h) 2. of the statutes is amended to read:
AB730,2,102
66.1105
(4) (h) 2. Except as provided in subds. 4., 5.,
and 7.,
and 8., the planning
3commission may adopt an amendment to a project plan under subd. 1. to modify the
4district's boundaries, not more than 4 times during the district's existence, by
5subtracting territory from the district in a way that does not remove contiguity from
6the district or by adding territory to the district that is contiguous to the district and
7that is served by public works or improvements that were created as part of the
8district's project plan. A single amendment to a project plan that both adds and
9subtracts territory shall be counted under this subdivision as one amendment of a
10project plan.
AB730, s. 2
11Section
2. 66.1105 (4) (h) 8. of the statutes is created to read:
AB730,2,1512
66.1105
(4) (h) 8. Notwithstanding the limitation in subd. 2., the planning
13commission in the village of Pleasant Prairie may adopt an amendment to a project
14plan under subd. 1. to modify the boundaries of tax incremental district number 2
15not more than 6 times during the district's existence.
