The Assembly Committee on Ways and Means is holding a public hearing Thursday, December 19, at 11:00 on AB 620, League initiated legislation making it clear that personal property aid payments made to a TIF district continue after the TID closes. DOR interprets current law to say that once a TIF district closes, the personal property aid payments being made to the district end. AB 620 explicitly provides that the personal property aid payments transfer to the municipality and other taxing jurisdictions after a TID terminates.

The League worked with Rep. Steffen (R-Howard), Sen. Bernier (R-Chippewa Falls), Sen. Ringhand (R-Evansville), and Rep. Ohnstad (D-Kenosha) to introduce AB 620. The chair of the Assembly Ways and Means Committee, Rep. Macco (R-De Pere) is also a co-sponsor of the bill.