LRB-2218/1
EKL:cjs
2021 - 2022 LEGISLATURE
March 16, 2021 - Introduced by Representatives Wittke, Vos and McGuire,
cosponsored by Senators Wanggaard and Wirch. Referred to Committee on
Local Government.
AB164,1,3
1An Act to amend 66.1105 (20) (c) 2. of the statutes;
relating to: increasing the
2expenditure period for a tax incremental district in an electronics and
3information technology manufacturing zone.
Analysis by the Legislative Reference Bureau
Under current law, a city or village creating a tax incremental district (TID) in
an electronics and information technology manufacturing zone may incur project
costs for certain specified items, including capital expenditures for constructing or
expanding fire stations and for purchasing police and fire equipment. Such capital
expenditures may be made only for the first 84 months following the TID's creation.
This bill increases that period to 180 months.
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:
AB164,1
4Section
1. 66.1105 (20) (c) 2. of the statutes is amended to read:
AB164,2,105
66.1105
(20) (c) 2. Notwithstanding the provisions of sub. (2) (f) 2. a. and c., the
6cost of constructing or expanding fire stations, purchasing police and fire equipment,
1and the cost of general government operating expenses related to providing police
2and fire protection services, provided that the total of such expenditures do not
3exceed, over the district's lifetime, 15 percent of the total positive tax increments
4received by the creating city over the district's lifetime. With regard to capital
5expenditures that may be made under this subdivision, such expenditures may be
6made only for the first
84 180 months following the district's creation, and any
7expenditures made under this subdivision for constructing or expanding fire stations
8may be made only for fire stations located within a one-mile radius of the electronics
9and information technology manufacturing zone that is designated under s. 238.396
10(1m).
