Relating to: equalized value calculations, project costs, and local levy limits relating to tax incremental...
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SB 696 — Relating to: equalized value calculations, project costs, and local levy limits relating to tax incremental districts. (FE)
Last action — Failed to pass pursuant to Senate Joint Resolution 1
No card. One bill, free forever — alerts when it moves.
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1Introduced
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2In Committee
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3Passed Senate
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4Passed Assembly
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5To Executive
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6Enacted
This bill has been introduced in the Senate. Introduced December 02, 2025. It must pass committee before a floor vote.
Next likely step: a committee referral and hearing.
Prognosis
Where this bill stands today.
Odds of enactment
LowHow often bills like it became law.
Not enough signal yet to read this bill's trajectory — we surface a likelihood only once there's real movement (stage, sponsorship, committee, or votes) to point to.
Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.
Summary
An Act to repeal 66.0602 (3) (dq), 66.0602 (3) (dv), 66.1105 (2) (f) 3., 66.1105 (4) (h) 7., 66.1105 (4m) (b) 2m., 66.1105 (5) (de) and 66.1105 (5) (dm); to amend 60.23 (32) (b) 4., 66.0602 (1) (d), 66.0602 (3) (dm), 66.0602 (3) (ds), 66.1105 (2) (cm), 66.1105 (2) (f) 1. a., 66.1105 (4) (gm) 4. c., 66.1105 (5) (bn), 66.1105 (5) (bo), 66.1105 (5) (bt), 66.1105 (5) (bu), 66.1105 (5) (d), 66.1105 (6m) (c) 8., 66.1105 (10) (c), 66.1105 (12) (intro.), 66.1105 (12) (b), 66.1105 (16) (d), 66.1105 (17) (title), 66.1105 (17) (a) (intro.), 66.1105 (17) (a) 3., 66.1105 (17) (d), 66.1105 (17) (e), 66.1105 (17) (f), 66.1105 (17) (g), 66.1105 (18) (c) 3. and 66.1105 (20) (b) (intro.); to create 66.1105 (2) (f) 1. am. of the statutes;
Bill Text
- Bill Text View text Current pdf
Compared against current U.S. Code AI-generated reading aid — verify against the official bill.
The bill modifies regulations around tax incremental financing and local levy limits, including repealing certain provisions from previous legislation and updating the calculation of valuation factors and project costs.
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66.1105 (4) (gm) 4. c.
12→ 18The maximum percentage of a municipality's total equalized value that may be contained within a tax incremental district is increased from 12 percent to 18 percent.
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66.0602 (1) (d)
90 percent of the equalized value increase due to new construction that is located in a tax incremental district, but does not include any improvements removed in a tax incremental district.The specific formula for calculating the valuation factor for tax incremental districts created after December 31, 2024, is removed.
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66.0602 (3) (dq)
RepealedCertain restrictions on local levy limits related to tax incremental districts are eliminated.
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66.0602 (3) (ds)
50 percent of the amount determined by dividing the value increment of the tax incremental district’s territory that was subtracted, calculated for the previous year, by the political subdivision’s equalized value.The calculation for adjusting the levy limit after territory subtraction from a tax incremental district is revised.
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66.1105 (2) (cm)
may not exceed 35 percent, by area, of the real property within the district.The restriction on the percentage of newly platted residential use within mixed-use developments is maintained.
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66.0602 (3) (dv)
RepealedAnother provision related to local levy limits concerning tax incremental districts is eliminated.
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66.1105 (2) (f) 3.
RepealedRepealing this provision removes certain restrictions on project costs within tax incremental districts.
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66.1105 (4) (h) 7.
RepealedThis removal eliminates specific requirements tied to tax incremental district operations.
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66.1105 (5) (de)
RepealedThis change removes requirements for project costs associated with specific developments.
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66.1105 (5) (dm)
RepealedThe elimination of this section deregulates aspects of financing costs within tax incremental districts.
Action History
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Failed to pass pursuant to Senate Joint Resolution 1
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Representative J. Jacobson added as a cosponsor
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Fiscal estimate received
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Read first time and referred to Committee on Government Operations, Labor and Economic Development
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Introduced by Senators Spreitzer, Dassler-Alfheim, Drake, Habush Sinykin, L. Johnson, Ratcliff, Roys, Wall and Hesselbein; cosponsored by Representatives Anderson, Joers, Arney, Bare, Billings, Brown, DeSmidt, Emerson, Fitzgerald, Johnson, Mayadev, McCarville, Palmeri, Rivera-Wagner, Roe, Sinicki, Spaude, Stubbs, Subeck, Taylor, Udell, Haywood, Prado and Tenorio
Sponsors
- Habush Sinykin · Cosponsor
- Joers · Cosponsor
- Arney · Cosponsor
- Bare · Cosponsor
- Billings · Cosponsor
- Brown · Cosponsor
- DeSmidt · Cosponsor
- Emerson · Cosponsor
- Fitzgerald · Cosponsor
- Mayadev · Cosponsor
- McCarville · Cosponsor
- Palmeri · Cosponsor
- Mark Spreitzer · Primary
- Dora Drake · Cosponsor
- Rivera-Wagner · Cosponsor
- Roe · Cosponsor
- Sinicki · Cosponsor
- Spaude · Cosponsor
- Stubbs · Cosponsor
- Subeck · Cosponsor
- Taylor · Cosponsor
- Udell · Cosponsor
- Haywood · Cosponsor
- Prado · Cosponsor
- Tenorio · Cosponsor
- Kristin Dassler-Alfheim · Cosponsor
- LaTonya Johnson · Cosponsor
- Melissa Ratcliff · Cosponsor
- Kelda Roys · Cosponsor
- Jamie Wall · Cosponsor
- Dianne Hesselbein · Cosponsor
- J ANDERSON · Cosponsor
- LaTonya Johnson · Cosponsor
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 32 co-sponsors · 99 not signed on
Sponsors (1)
- Spreitzer, Mark Democrat
Co-sponsors (32)
- Habush Sinykin
- Joers
- Arney
- Bare
- Billings
- Brown
- DeSmidt
- Emerson
- Fitzgerald
- Mayadev
- McCarville
- Palmeri
- Drake, Dora Democrat
- Rivera-Wagner
- Roe
- Sinicki
- Spaude
- Stubbs
- Subeck
- Taylor
- Udell
- Haywood
- Prado
- Tenorio
- Dassler-Alfheim, Kristin Democrat
- Johnson, LaTonya Democrat
- Ratcliff, Melissa Democrat
- Roys, Kelda Democrat
- Wall, Jamie Democrat
- Hesselbein, Dianne Democrat
- ANDERSON, J
- Johnson, LaTonya Democrat
Not signed on (99)
99 members have not signed on to this bill.
Show all 99 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- What does SB 696 do?
- An Act to repeal 66.0602 (3) (dq), 66.0602 (3) (dv), 66.1105 (2) (f) 3., 66.1105 (4) (h) 7., 66.1105 (4m) (b) 2m., 66.1105 (5) (de) and 66.1105 (5) (dm); to amend 60.23 (32) (b) 4., 66.0602 (1) (d), 66.0602 (3) (dm), 66.0602 (3) (ds), 66.1105 (2) (cm), 66.1105 (2) (f) 1. a., 66.1105 (4) (gm) 4. c., 66.1105 (5) (bn), 66.1105 (5) (bo), 66.1105 (5) (bt), 66.1105 (5) (bu), 66.1105 (5) (d), 66.1105 (6m) (c) 8., 66.1105 (10) (c), 66.1105 (12) (intro.), 66.1105 (12) (b), 66.1105 (16) (d), 66.1105 (17) (title), 66.1105 (17) (a) (intro.), 66.1105 (17) (a) 3., 66.1105 (17) (d), 66.1105 (17) (e), 66.1105 (17) (f), 66.1105 (17) (g), 66.1105 (18) (c) 3. and 66.1105 (20) (b) (intro.); to create 66.1105 (2) (f) 1. am. of the statutes;
- Who sponsors SB 696?
- SB 696 is sponsored by Habush Sinykin, Joers, Arney, Bare, Billings, Brown, DeSmidt, Emerson, Fitzgerald, Mayadev, McCarville, Palmeri, Spreitzer, Mark (Democrat), Drake, Dora (Democrat), Rivera-Wagner, Roe, Sinicki, Spaude, Stubbs, Subeck, Taylor, Udell, Haywood, Prado, Tenorio, Dassler-Alfheim, Kristin (Democrat), Johnson, LaTonya (Democrat), Ratcliff, Melissa (Democrat), Roys, Kelda (Democrat), Wall, Jamie (Democrat), Hesselbein, Dianne (Democrat), and ANDERSON, J.
- What is the current status of SB 696?
- This bill has been introduced in the Senate. Introduced December 02, 2025. It must pass committee before a floor vote.
- Where can I track SB 696?
- Track SB 696 free on One Click Politics — get push/email alerts when it moves.
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