Bills · 2015-2016 Regular Session
Relating to: utility aid payments for decommissioned or closed production plants. (FE)
Electric utility Property tax — Exemption Shared revenue
- Introduced, stopped here
- Passes Assembly, not reached
- Passes Senate, not reached
- Governor signs, not reached
- Law, not reached
Unfamiliar terms? Glossary
What this bill does
Plain-language analysis by the nonpartisan Legislative Reference Bureau
This bill provides that if a production plant that is exempt from property taxes
is decommissioned or closed, and therefore becomes taxable, the county and
municipality where the plant is located receive a utility aid payment for the first five
years in which the plant is subject to the property tax in an amount equal to a
percentage of the utility aid payment that the county or municipality received for the
last year in which the plant was exempt.
Under current law, the amount that a county and municipality receive as a
utility aid payment for a decommissioned plant is reduced by the amount of property
taxes that the plant owner paid during the year in which the county and municipality
receive the payment.
What it would cost
Fiscal estimates filed by state agencies, as official PDFs
Sponsors
Full history
- Sep 14, 2015 · Assembly
Introduced by Representatives Kitchens, Tranel, Petryk, Steffen, Macco and Katsma; cosponsored by Senators Lasee, Marklein and Petrowski
- Sep 14, 2015 · Assembly
Read first time and referred to Committee on State Affairs and Government Operations
- Sep 16, 2015 · Assembly
Public hearing held
- Sep 22, 2015 · Assembly
Fiscal estimate received
- Apr 13, 2016 · Assembly
Failed to pass pursuant to Senate Joint Resolution 1