SB454: Bill Text

SB454,13 Section 13. 66.1105 (7) (ao) of the statutes is created to read:

SB454,7,8 66.1105 (7) (ao) Notwithstanding par. (am), for a short-term tax incremental district, 14 years, except that the city that created the district may, subject to sub. (8) (e), request that the joint review board extend the life of the district for not more than 13 years.

SB454,14 Section 14. 66.1105 (7) (c) of the statutes is created to read:

SB454,7,14 66.1105 (7) (c) The department orders the district terminated under s. 66.1105 (19). Upon termination under this paragraph, the city becomes liable for all unpaid projects costs actually incurred which are not paid from the special fund under sub. (6) (c), except this paragraph does not make the city liable for any tax incremental bonds or notes issued.

SB454,15 Section 15. 66.1105 (8) (e) of the statutes is amended to read:

SB454,7,20 66.1105 (8) (e) A city shall notify the department of revenue at least one year before the date on which a tax incremental district is required to terminate under sub. (7) (am) or (ao) if a joint review board approves a request to extend the life of the district under sub. (7) (am) or (ao). If a city does not notify the department of revenue by that date, the department may deny the extension.

SB454,16 Section 16. 66.1105 (17) (d) of the statutes is created to read:

SB454,7,23 66.1105 (17) (d) Short-term tax incremental district exception. The 12 percent limit in sub. (4) (gm) 4. c. does not apply to a short-term tax incremental district.

SB454,17 Section 17. 66.1105 (18) (b) 11. a. of the statutes is amended to read:

SB454,8,2 66.1105 (18) (b) 11. a. Whether the district's life may be extended under sub. (6) (g) 1. or (7) (am) 2. or 3. or (ao).

SB454,18 Section 18. 66.1105 (19) of the statutes is created to read:

SB454,8,5 66.1105 (19) Disputes related to enterprise transfers. (a) In this subsection, "municipality" means a city, village, or town.

SB454,8,11 (b) A municipality in which an enterprise closed or substantially reduced operations may request that the municipality in which the enterprise initiated operations pay not more than the estimated amount of property taxes that would have been paid over the subsequent 5 years by the enterprise if the municipality in which an enterprise closed or substantially reduced operations reasonably believes each of the following:

SB454,8,14 1. The closing or substantial reduction of operations and the initiation of operations of the enterprise constitutes an enterprise transfer, as defined in s. 66.1105 (2) (ak).

SB454,8,17 2. The municipality in which the enterprise initiated operations included in project costs expenditures that are not permitted under par. (2) (f) 4. a. in relation to the enterprise.

SB454,8,21 (c) If the municipality in which the enterprise initiated operations denies the request under par. (b), the municipality in which the enterprise closed or substantially reduced operations may petition the department of revenue for a determination of whether par. (b) 1. and 2. applies.

SB454,9,2 (d) If the department of revenue determines that the petitioner municipality has demonstrated the application of par. (b) 1. and 2., the department may order the respondent municipality to pay not more than the estimated amount of property taxes that would have been paid over the subsequent 10 years by the enterprise or may order the tax incremental district be terminated.

SB454,19 Section 19. 66.1106 (1) (jt) of the statutes is created to read:

SB454,9,7 66.1106 (1) (jt) "Short-term environmental remediation tax incremental district" means an environmental remediation tax incremental district designated as a short-term environmental remediation tax incremental district under sub. (1m) (am) and approved by the joint review board under sub. (3).

SB454,20 Section 20. 66.1106 (1m) (am) of the statutes is created to read:

SB454,9,11 66.1106 (1m) (am) Designates the district as either a full-term environmental remediation tax incremental district or a short-term environmental remediation tax incremental district.

SB454,21 Section 21. 66.1106 (3) (a) of the statutes is amended to read:

SB454,9,25 66.1106 (3) (a) Any political subdivision that seeks to use an environmental remediation tax increment under sub. (2) shall convene a joint review board to review the proposal. The Except as provided in par. (e), the board shall consist of one representative chosen by the school district that has power to levy taxes on the property that is remediated, one representative chosen by the technical college district that has power to levy taxes on the property, one representative chosen by the county that has power to levy taxes on the property that is remediated, one representative chosen by the city, village or town that has power to levy taxes on the property that is remediated and one public member. If more than one city, village or town, more than one school district, more than one technical college district or more than one county has the power to levy taxes on the property that is remediated, the unit in which is located property that has the greatest value shall choose that representative to the board. The public member and the board's chairperson shall be selected by a majority of the other board members at the board's first meeting. All board members shall be appointed and the first board meeting held within 14 days after the political subdivision's governing body approves the written proposal under sub. (2). Additional meetings of the board shall be held upon the call of any member. The political subdivision that seeks to act under sub. (2) shall provide administrative support for the board. By majority vote, the board may disband following approval or rejection of the proposal.

SB454,22 Section 22. 66.1106 (3) (e) of the statutes is created to read:

SB454,10,11 66.1106 (3) (e) If review under this section relates to a short-term environmental remediation tax incremental district, the board may not include any representative chosen by a school district.

SB454,23 Section 23. 66.1106 (7) (e) 2. of the statutes is amended to read:

SB454,10,13 66.1106 (7) (e) 2. The donor district terminates under sub. (11) (b) or (bm).

SB454,24 Section 24. 66.1106 (11) (bm) of the statutes is created to read:

SB454,10,19 66.1106 (11) (bm) Fourteen years after the department certifies the short-term environmental remediation tax incremental base of a parcel or contiguous parcels or property under sub. (4), except that the city that created the district may, subject to sub. (12), request that the joint review board extend the life of the district for not more than 13 years.

SB454,10,20 (End)