Statement of Scope
Department of Revenue
Rule No.
:
|
Section Tax
1
2.
60
(new)
|
Relating to
:
|
Annual Tax Incremental District Report
– 2015 Wisconsin Act 257
|
1.
Detailed description of the objective of the proposed rule:
The Wisconsin Department of Revenue (DOR)
is required to
designate
a
n electronic
format
for Tax Incremental District (TID)
annual
reports
by rule
under
2015 Wisconsin Act 257
.
The
objective of the
rule
is to
provide information on format as specified by state law.
2.
Description of existing policies relevant to the rule, new policies proposed to be included in the rule, and an analysis of policy alternatives:
DOR collects electronic information from counties and municipalities throughout the year using industry standards. DOR will continue to apply electronic data collection standards and practices for this report.
3.
Detailed explanation of statutory authority for the rule (including the statutory citation and language):
Section
60
.
85
(
6
)
(
f
)
1
.
,
66.1105
(6m)
(d)
1
.
and
66.1106
(10m)
,
Wis. Stats., require
DOR
to
designate a format for annual reports by rule.
"…The department of revenue shall, by rule, designate a format for annual reports under par. (c)
and
shall require these reports to be filed electronically…"
4
.
Estimate of amount of time that state employees will spend developing the rule and of other resources necessary to develop the rule:
DOR
estimates it will take approximately 100
hours to develop the rule.
5
.
List with description of all entities that may be affected by the proposed rule:
Municipalities
with TIDs
and
their
municipal
consultants
will be affected by the rule
.
6
.
Summary and preliminary comparison with any existing or proposed federal regulation that is intended to address the activities to be regulated by the proposed rule:
There is no existing or proposed federal regulation address
ing
the
subject
regulated by the rule.
7
.
Anticipated economic impact of implementing the rule (note if the rule is likely to have a significant economic impact on small businesses):
The rule will have minimal economic impact on municipalities
.
DOR does not anticipate any
economic impact on small business.
Contact Person
:
Stacy Leitner
(
608) 2
61-5335
