Bills · 2017-2018 Regular Session

AB 1

Died at session end Official bill text Atom feed

Relating to: changing the 12 percent rule regarding the total value of taxable property included in the creation of, or amendment to, a tax incremental financing district in the village of Oostburg. (FE)

Property tax Property tax — Assessment Sheboygan county

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

With regard to the village of Oostburg, this bill changes the rule that the

equalized value of taxable property of a new or amended tax incremental district

(TID) plus the value increment of all existing TIDs does not exceed 12 percent of the

total equalized value of taxable property in the city or village. Under the bill, the 12

percent rule becomes a 15 percent rule for the village of Oostburg, with regard to the

creation of TID Number 3 by the village. Upon the termination of that TID, the limit

will return to 12 percent.

What it would cost

Fiscal estimates filed by state agencies, as official PDFs

Fiscal Estimate From DOR

Votes

Assembly: Report Assembly Amendment 1 adoption recommended by Committee on Ways and Means, Ayes 12, Noes 0

Passed 12–0 Feb 2, 2017 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Assembly: Report passage as amended recommended by Committee on Ways and Means, Ayes 12, Noes 0