MES:wlj:jf
2011 - 2012 LEGISLATURE
February 23, 2011 - Introduced by Senator Zipperer, cosponsored by
Representative Farrow. Referred to Committee on Economic Development
and Veterans and Military Affairs.
SB21,1,4 1An Act to amend 60.85 (2) (c), 60.85 (3) (h) 4., 60.85 (3) (h) 5. a. and 60.85 (3) (h)
25. c.; and to create 60.85 (2) (b) 7. of the statutes; relating to: authorizing the
3town of Brookfield in Waukesha County to create a tax incremental district for
4a retail project.
Analysis by the Legislative Reference Bureau
Under current law, towns may use tax incremental financing (TIF) for limited
purposes. A town may use TIF for projects related to tourism, agriculture,
manufacturing, or forestry. A town may also use TIF for residential projects, but only
to the extent that the residential project has a necessary and incidental relationship
to a tourism, agricultural, manufacturing, or forestry project, and for retail projects
to the extent that the retail development is related to the retail sale of a product that
is produced due to an agricultural, forestry, or manufacturing project.
This bill authorizes the town of Brookfield in Waukesha County to use TIF for
one project that is related either to retail purposes or to a purpose for which any city
or village may create a TIF district.
For further information see the state and local fiscal estimate, which will be
printed as an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
SB21, s. 1
1Section 1. 60.85 (2) (b) 7. of the statutes is created to read:
SB21,2,52 60.85 (2) (b) 7. A project that is related either to retail purposes, or to a purpose
3for which a city may create a district under s. 66.1105, except that this subdivision
4applies only to the town of Brookfield in Waukesha County, and the town may create
5only one district to which this subdivision applies.
SB21, s. 2 6Section 2. 60.85 (2) (c) of the statutes is amended to read:
SB21,2,117 60.85 (2) (c) No Except as provided in par. (b) 7., no town may exercise any
8power under this subsection within the extraterritorial zoning jurisdiction of a city
9or village, as that term is defined in s. 62.23 (7a) (a), unless the city's or village's
10governing body adopts a resolution which approves the town's exercise of power
11under this subsection within such an extraterritorial zoning jurisdiction.
SB21, s. 3 12Section 3. 60.85 (3) (h) 4. of the statutes is amended to read:
SB21,2,1713 60.85 (3) (h) 4. Declares the district to be either an agricultural project district,
14forestry project district, manufacturing project district, or tourism project district,
15and identifies the North American Industry Classification System industry number
16of each activity under each project for which project costs are to be expended; or
17declares the district to be a project described in sub. (2) (b) 7
.
SB21, s. 4 18Section 4. 60.85 (3) (h) 5. a. of the statutes is amended to read:
SB21,2,2119 60.85 (3) (h) 5. a. That not less than 75 percent, by area, of the real property
20within the district is to be used for projects of a single one of the project types listed
21under sub. (2) (b) 1. to 4. or 7. and in accordance with the declaration under subd. 4.
SB21, s. 5 22Section 5. 60.85 (3) (h) 5. c. of the statutes is amended to read:
SB21,3,3
160.85 (3) (h) 5. c. That the project costs of the district are limited to those
2specified under sub. (2) (b) and relate directly to a project described in sub. (2) (b) 7.
3or to
promoting agriculture, forestry, manufacturing, or tourism development.
SB21,3,44 (End)
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