Providing grants to municipalities to compensate for loss of revenues resulting from flood destruction and making an appropriation. (FE)

What it would have done

Summary by the Legislative Reference Bureau, the Legislature's nonpartisan drafting office. It's their wording, not ours.

This bill requires the Department of Revenue to establish a program to provide grants to cities and villages to compensate for the loss of property tax revenue, and revenue from water or sewerage fees, as a result of flooding and the actions of the Federal Emergency Management Agency with regard to that flooding. A city or village with a population of less than 700 is eligible to receive a grant, generally, if property in the city or village that is subject to the property tax or to the assessment of water or sewerage fees has been destroyed by flooding that occurred after December 31, 2017. In addition, owners of the property destroyed by flooding must have accepted a buyout from FEMA, and FEMA must have prohibited improvements on the land on which the property destroyed by flooding was located.

Under the bill, an eligible municipality receives a grant in an amount equal to a percentage of the three-year average of property taxes and water or sewerage fees assessed to flood-destroyed property in the three years preceding the flood. The municipality receives a payment for five years that decreases in each year from a 100 percent payment in the first year to a 20 percent payment in the fifth year.

Who's behind it

Howard Marklein, a Republican, is its author⁠.

4 more lawmakers signed on in support⁠.

What it would cost

State agencies filed a cost estimate. Each opens as a PDF from the Legislature.

• Fiscal Estimate From DOR