- 2020 LEGISLATURE LRBa0720/1LRB-4540/1 JK:amnJK:cjs ASSEMBLY AMENDMENT 1, TO ASSEMBLY BILL 620 November 27,19, 2019 - OfferedIntroduced by RepresentativesTEFFENRepresentatives andSTEFFEN, MACCO , HNSTAD , BOWEN , FIELD, GUNDRUM , KOLSTE, MURPHY, NOVAK, SKOWRONSKI , PREITZER, SUBECK , TUSLER, VANDER M EER, VRUWINK and D ITTRICH, cosponsored by Senators B ERNIER, R INGHAND , M ARKLEIN, S TROEBEL, L .

AtTAYLOR theand locationsW indicated,ANGGAARD amend. the bill as follows:

1.Referred to Committee on Ways and Means.

PageA 1,N lineA 3:CT to amend 79.096 (3) of the statutes;

beforerelating thatto: line insert:

“SECTIONdistribution 1b.of the aid payment for personal property upon termination of a tax incremental district.

79.095Analysis (4)by (d)the ofLegislative theReference statutesBureau isUnder createdcurrent law, each municipality, county, school district, special purpose district, tax incremental district, and technical college district (taxing jurisdiction) receives a state aid payment to read:compensate for the personal property taxes that the taxing jurisdictions would have collected on tax exempt computers, machinery, tools, and patterns.

79.095The (4)bill (d)clarifies Eachthat taxingfollowing jurisdictionthe shalltermination attributeof toa each tax incremental district within the taxingamount jurisdictionthat thewould district'shave proportionatebeen sharepaid ofto the amounttax theincremental taxingdistrict jurisdictionis receivesdistributed underto par.the other applicable taxing jurisdictions.

(b).For further information see the state and local fiscal estimate, which will be printed as an appendix to this bill.

The amountpeople thatof would have been paid to a tax incremental district under this subsection shall be distributed to the municipalitystate andof applicableWisconsin, taxingrepresented jurisdictions in thesenate year following the termination of the tax incremental district and inassembly, eachdo yearenact thereafter.”.as follows:

S ECTION 1.

79.096 (3) of the statutes is amended to read:

79.096 (3) Each taxing jurisdiction shall attribute to each tax incremental district within the taxing jurisdiction the district's proportionate share of the amount the taxing jurisdiction receives under sub.

(1), except that this subsection does not - 2020 Legislature - 2 - LRB-4540/1 JK:cjs ASSEMBLY BILL 620 S ECTION 1 apply after the district closeshe amount that would have been paid to a tax incremental district under this subsection shall be distributed to the municipality and applicable taxing jurisdictions in the year following the termination of the tax incremental district and in each year thereafter.