| 4 | 4 | | AN ACT to repeal 66.1105 (4) (h) 8. and 66.1105 (17) (c); and to amend 66.1105 (4) (gm) 4. c. and 66.1105 (4) (h) |
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| 5 | 5 | | 2. of the statutes; relating to: eliminating certain exceptions established for Pleasant Prairie Tax Incremental District |
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| 6 | 6 | | Number 2. |
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| 7 | 7 | | The people of the state of Wisconsin, represented in |
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| 8 | 8 | | senate and assembly, do enact as follows: |
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| 9 | 9 | | SECTION 1. 66.1105 (4) (gm) 4. c. of the statutes is |
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| 10 | 10 | | amended to read: |
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| 11 | 11 | | 66.1105 (4) (gm) 4. c. Except as provided in subs. |
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| 12 | 12 | | (10) (c), (16) (d), (17), (18) (c) 3., (20) (b), and (20m) (d) |
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| 13 | 13 | | 1., the equalized value of taxable property of the district |
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| 14 | 14 | | plus the value increment of all existing districts does not |
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| 15 | 15 | | exceed 12 percent of the total equalized value of taxable |
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| 16 | 16 | | property within the city. In determining the equalized |
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| 17 | 17 | | value of taxable property under this subd. 4. c. or sub. |
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| 18 | 18 | | (17) (c), the department of revenue shall base its calcula- |
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| 19 | 19 | | tions on the most recent equalized value of taxable prop- |
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| 20 | 20 | | erty of the district that is reported under s. 70.57 (1m) |
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| 21 | 21 | | before the date on which the resolution under this para- |
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| 22 | 22 | | graph is adopted. If the department of revenue deter- |
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| 23 | 23 | | mines that a local legislative body exceeds the 12 percent |
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| 24 | 24 | | limit described in this subd. 4. c. or sub. (17) (c), the |
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| 25 | 25 | | department shall notify the city of its noncompliance, in |
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| 26 | 26 | | writing, not later than December 31 of the year in which |
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| 27 | 27 | | the department receives the completed application or |
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| 28 | 28 | | amendment forms described in sub. (5) (b). |
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| 29 | 29 | | SECTION 2. 66.1105 (4) (h) 2. of the statutes is |
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| 30 | 30 | | amended to read: |
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| 31 | 31 | | 66.1105 (4) (h) 2. Except as provided in subds. 4., 5., |
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| 32 | 32 | | 7., 8., 9., 10., and 11., the planning commission may |
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| 33 | 33 | | adopt an amendment to a project plan under subd. 1. to |
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| 34 | 34 | | modify the district’s boundaries, not more than 4 times |
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| 35 | 35 | | during the district’s existence, by subtracting territory |
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| 36 | 36 | | from the district in a way that does not remove contiguity |
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| 37 | 37 | | from the district or by adding territory to the district that |
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| 38 | 38 | | is contiguous to the district and that is served by public |
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| 39 | 39 | | works or improvements that were created as part of the |
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| 40 | 40 | | district’s project plan. A single amendment to a project |
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| 41 | 41 | | plan that both adds and subtracts territory shall be |
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| 42 | 42 | | counted under this subdivision as one amendment of a |
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| 43 | 43 | | project plan. |
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| 44 | 44 | | SECTION 3. 66.1105 (4) (h) 8. of the statutes is |
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| 45 | 45 | | repealed. |
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| 46 | 46 | | SECTION 4. 66.1105 (17) (c) of the statutes is |
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| 47 | 47 | | repealed. |
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| 48 | 48 | | * Section 991.11, WISCONSIN STATUTES: Effective date of acts. “Every act and every portion of an act enacted by the legislature over the governor’s |
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| 49 | 49 | | partial veto which does not expressly prescribe the time when it takes effect shall take effect on the day after its date of publication.” |
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