LRB-0665/2
MES:cjs:jm
2015 - 2016 LEGISLATURE
February 17, 2015 - Introduced by Representatives Jacque, Krug, Steffen,
Macco, Ballweg, Kremer, Murphy, Spiros and Thiesfeldt, cosponsored by
Senators Cowles and Wanggaard. Referred to Committee on Ways and
Means.
AB45,1,3
1An Act to amend 66.1105 (18) (c) 4.; and
to create 60.23 (32) (e) of the statutes;
2relating to: authorizing towns to participate in multijurisdictional tax
3incremental financing districts.
Analysis by the Legislative Reference Bureau
Under current law, any number of cities and villages (municipalities) may
jointly create a multijurisdictional TID (MJTID). Towns, which are limited in their
authority to create TIDs, may not participate in a MJTID. To create a MJTID,
municipalities must enter into an intergovernmental cooperation agreement to
create the MJTID. The agreement must specify a number of things, including the
proposed membership of the joint review board; a binding procedure to resolve
disputes; a procedure to dissolve the MJTID before it would otherwise be required
to terminate; a description of the responsibilities of each municipality's clerk,
treasurer, and assessor; specification of a lead municipality for purposes of
completing and submitting required documents; and procedures that will be followed
to amend the project plan or boundaries of the MJTID. A copy of the agreement must
be sent to DOR.
With regard to an MJTID, the district must be contiguous, its borders must
contain territory in all municipalities that are a party to the agreement, and at least
one parcel in each municipality must touch at least one parcel in at least one of the
other municipalities. The agreement must specify that the MJTID's application to
DOR will be submitted to DOR as one complete application and that the MJTID will
terminate at one time as a single entity. Generally, the current law provisions that
apply to all TIDs apply to MJTIDs.
Under this bill, any town that is authorized to create a TID within the town may
participate in a MJTID.
For further information see the state and 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:
AB45,1
1Section
1. 66.1105 (18) (c) 4. of the statutes is amended to read:
AB45,2,62
66.1105
(18) (c) 4.
No Any town
which may create a tax incremental district
3under this section or s. 60.85 may be part of a multijurisdictional tax incremental
4district.
If a town board exercises the powers of a city under this subsection, it is
5subject to the same duties as a common council under this section and the town is
6subject to the same duties and liabilities as a city under this section.
AB45,2
7Section
2.
Effective date.
AB45,2,88
(1)
This act takes effect on October 1, 2016.
