The 2017-2018 Legislative Session is wrapping up this month. The State Assembly has already gaveled out for the year, barring any Senate-led changes to bills they already passed or a Special Session call by the Governor. What are we watching yet?
- Low Income Housing Tax Credit
- Passed the Assembly with amendments proposed by WBA and will be taken up by the Senate in March. More changes to the program will likely be needed in the next session and with rulemaking and general time it will take to set up, we still have a two year window before the program really takes off.
- Historic Rehabilitation Tax Credit
- Both the Senate and Assembly passed a bill last week that will increase the per project credit for Historic Rehab from $500k to $3.5mil. This program was originally expanded in the state budget but vetoed by the governor for cost reasons.
- Pre-emption of local ordinances
- This legislation will pre-empt local governments from creating, among others, their own wage lien ordinances. This legislation passed by the Assembly two weeks ago. Wisconsin already has a law pre-empting local minimum wage ordinances.
- WBA’s Omnibus Bill
- This bill was passed by the Assembly two weeks ago and will be taken up by the Senate in March.
- Condo Law Changes
- WBA heavily amended this bill to strip out language that would have placed unpaid condo assessments ahead of banks in lien priority. Passed by the Assembly two weeks ago and likely taken up by the Senate in March.
We will continue to update you when the Senate returns on March 20th.