| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 2025 - 2026 LEGISLATURE | |
| 2 | 2 | LRB-2038/1 | |
| 3 | 3 | EVM:skw | |
| 4 | 4 | 2025 ASSEMBLY BILL 140 | |
| 5 | 5 | March 17, 2025 - Introduced by Representatives BROOKS, MELOTIK, ARMSTRONG | |
| 6 | 6 | and O'CONNOR, cosponsored by Senators FEYEN and HABUSH SINYKIN. | |
| 7 | 7 | Referred to Committee on Ways and Means. | |
| 8 | 8 | ||
| 9 | 9 | ***AUTHORS SUBJECT TO CHANGE*** | |
| 10 | 10 | AN ACT to create 66.1105 (17) (h) of the statutes; relating to: limitations on | |
| 11 | 11 | the total value of taxable property that may be included in a tax incremental | |
| 12 | 12 | financing district created in the city of Port Washington. | |
| 13 | 13 | Analysis by the Legislative Reference Bureau | |
| 14 | 14 | Under current law, the equalized value of taxable property of a new or | |
| 15 | 15 | amended tax incremental district (TID) plus the value increment of all existing | |
| 16 | 16 | TIDs in a city or village may not exceed 12 percent of the total equalized value of | |
| 17 | 17 | taxable property in the city or village. Under this bill, the 12 percent rule does not | |
| 18 | 18 | apply to TID Number 5 created by the city of Port Washington. | |
| 19 | 19 | For further information see the state and local fiscal estimate, which will be | |
| 20 | 20 | printed as an appendix to this bill. | |
| 21 | 21 | The people of the state of Wisconsin, represented in senate and assembly, do | |
| 22 | 22 | enact as follows: | |
| 23 | 23 | SECTION 1. 66.1105 (17) (h) of the statutes is created to read: | |
| 24 | 24 | 66.1105 (17) (h) City of Port Washington exception. The 12 percent limit | |
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| 28 | 28 | 4 | |
| 29 | 29 | 5 2025 - 2026 Legislature | |
| 30 | 30 | ASSEMBLY BILL 140 | |
| 31 | 31 | - 2 - LRB-2038/1 | |
| 32 | 32 | EVM:skw | |
| 33 | 33 | SECTION 1 | |
| 34 | 34 | described under sub. (4) (gm) 4. c. does not apply to the creation of Tax Incremental | |
| 35 | 35 | District Number 5 by the common council of the city of Port Washington. | |
| 36 | 36 | (END) | |
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