2025 - 2026 LEGISLATURE
LRB-2141/1
EVM:skw
2025 SENATE BILL 122
March 7, 2025 - Introduced by Senators FEYEN and HABUSH SINYKIN, cosponsored
by Representatives BROOKS, MELOTIK, ARMSTRONG and O'CONNOR. Referred
to Committee on Government Operations, Labor and Economic Development.
AN ACT to create 66.1105 (17) (h) of the statutes; relating to: limitations on
the total value of taxable property that may be included in a tax incremental
financing district created in the city of Port Washington.
Analysis by the Legislative Reference Bureau
Under current law, the equalized value of taxable property of a new or
amended tax incremental district (TID) plus the value increment of all existing
TIDs in a city or village may not exceed 12 percent of the total equalized value of
taxable property in the city or village. Under this bill, the 12 percent rule does not
apply to TID Number 5 created by the city of Port Washington.
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:
SECTION 1. 66.1105 (17) (h) of the statutes is created to read:
66.1105 (17) (h) City of Port Washington exception. The 12 percent limit
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5 2025 - 2026 Legislature
SENATE BILL 122
- 2 - LRB-2141/1
EVM:skw
SECTION 1
described under sub. (4) (gm) 4. c. does not apply to the creation of Tax Incremental
District Number 5 by the common council of the city of Port Washington.
(END)
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