Bills · 2019-2020 Regular Session
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 Little Chute. (FE)
- Introduced, stopped here
- Passes Senate, not reached
- Passes Assembly, 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 Little Chute, 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 Little Chute, with regard to
the creation of TID Number 9 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
Sponsors
Full history
- Feb 6, 2020 · Senate
Introduced by Senators Cowles and Roth; cosponsored by Representatives Tusler, Steineke and Petersen
- Feb 6, 2020 · Senate
Read first time and referred to Committee on Economic Development, Commerce and Trade
- Feb 6, 2020 · Senate
Senator Jacque added as a coauthor
- Feb 17, 2020 · Senate
Fiscal estimate received
- Feb 19, 2020 · Senate
Public hearing held
- Apr 1, 2020 · Senate
Failed to pass pursuant to Senate Joint Resolution 1