LRB-3799/1
JK:cjs:ph
2009 - 2010 LEGISLATURE
November 5, 2009 - Introduced by Representative Hixson. Referred to Joint
Committee on Finance.
AB555,1,2
1An Act relating to: correcting the 2009 equalized valuation of property in the
2city of Milton.
Analysis by the Legislative Reference Bureau
This bill corrects the 2009 equalized valuation of the property in the city of
Milton by increasing that valuation, not including any value increments in tax
incremental districts, by $31,610,400 and decreasing the 2009 value increment of
Tax Incremental District Number 8 in the city of Milton by a corresponding amount.
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:
AB555,2,24
(1)
Equalized valuation correction for the city of Milton. (a) The
5Department of Revenue shall increase the 2009 equalized valuation, as determined
6under section 70.57 of the statutes, exclusive of any value increments in tax
7incremental districts, for the city of Milton by $31,610,400 and shall decrease the
12009 value increment of Tax Incremental District Number 8 in the city of Milton by
2a corresponding amount.
AB555,2,63
(b) The Department of Revenue shall increase the 2009 equalized valuations,
4as determined under section 70.57 of the statutes, exclusive of any value increments
5in tax incremental districts, for Rock County, the school district of Milton, and the
6Blackhawk Technical College District by $31,610,400.
AB555,2,117
(c) The Department of Revenue shall reapportion the 2009 property tax levies
8of Rock County, the school district of Milton, and the Blackhawk Technical College
9District based on the valuations determined under par. (b) to the appropriate
10taxation districts and certify those amounts for inclusion on the 2009 tax roll in place
11of any amounts previously determined.
