State Property Tax Credit Distribution/Brookfield
From the State of Wisconsin Department of Revenue website (Sample Ordinance Following)
Municipal Requests for Direct Distribution – Law Change
January 17, 2018
To: Municipal Clerks and Treasurers
Within the 2017-19 State Budget (2017 Wisconsin Act 59), the state adjusted a municipality's requirements when requesting property tax credit direct distribution. Currently, 73 municipalities qualify for direct distribution.
Starting in 2018, a municipality with property tax credit distributions of $3 Million or more may enact an ordinance to receive direct distribution for the current year and all subsequent years. The municipality must send a copy of the ordinance (by mail or email) to the Wisconsin Departments of Administration and Revenue by February 28, 2018.
Wisconsin Department of Administration
Secretary Scott Neitzel
PO Box 7864
Madison, WI 53707-7864
Wisconsin Department of Revenue
Local Government Services Bureau
PO Box 8971 MS 6-97
Madison, WI 53708-8971
After the above is completed, the municipality receives direct distribution until:
Ordinance is repealed, or
Property tax distributions do not exceed $3 Million
Note: A municipality may still qualify for direct distribution of property tax credits, if it enacts an ordinance under state law (sec. 74.12, Wis. Stats.), authorizing the payment of property taxes in three or more installments.
If you have questions, contact us at firstname.lastname@example.org.
SAMPLE ORDINANCE FROM BROOKFIELD
By the Finance Committee
AN ORDINANCE NOTIFYING THE STATE OF WISCONSIN TO DISTRIBUTE PAYMENTS FOR STATE PROPERTY TAX CREDITS DIRECTLY TO THE CITY OF BROOKFIELD
The Common Council of the City of Brookfield do ordain as follows:
SECTION 1. The City of Brookfield receives more than $3,000,000 in payments from the State of Wisconsin for the state school levy, lottery and gaming, and first dollar property tax credits.
SECTION 2. Pursuant to 2017 Wisconsin Act 59, municipalities receiving greater than $3,000,000 in state property tax credits may notify the state departments of administration and revenue that the municipality approves the direct distribution of the property tax credits to the municipality until or unless the ordinance is repealed, or the property tax credits to be distributed no longer exceed $3,000,000 annually.
SECTION 3. By passage of this ordinance, the City of Brookfield hereby notifies the state departments of administration and revenue to make such direct payments in 2018 and for all subsequent years.
SECTION 4. This ordinance shall take effect and be in force from and after its passage and publication.
ADOPTED AND APPROVED ON ____________________________________, 2018.
Kelly Michaels, City Clerk Steven V. Ponto, Mayor