LRB-1909/2
JK:jld:jf
2009 - 2010 LEGISLATURE
March 13, 2009 - Introduced by Representatives Gottlieb, Suder, Gunderson,
Lothian, Mursau, Murtha, A. Ott, Townsend and Vos, cosponsored by
Senator Taylor. Referred to Committee on Urban and Local Affairs.
AB149,1,2
1An Act to amend 74.47 (1) of the statutes;
relating to: the interest rate on
2delinquent property taxes.
Analysis by the Legislative Reference Bureau
Under current law, the interest rate on delinquent property taxes is 1 percent
per month for each month that the taxes remain unpaid. Under this bill, beginning
on the bill's effective date and ending on December 31, 2010, the interest rate on
delinquent property taxes is 0.5 percent per month for each month that the taxes
remain unpaid.
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:
AB149, s. 1
3Section
1. 74.47 (1) of the statutes is amended to read:
AB149,2,24
74.47
(1) Interest. The interest rate on delinquent general property taxes,
5special charges, special assessments
, and special taxes included in the tax roll for
6collection is one percent per month or fraction of a month
, except that the interest
7rate under this subsection beginning on the effective date of this subsection .... [LRB
1inserts date], and ending on December 31, 2010, is 0.5 percent per month or fraction
2of a month.
