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WI AB137
Bill
Status
5/13/2025
Primary Sponsor
Tony Kurtz
Click for details
AI Summary
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Extends the maximum life of Tax Incremental District Number 9 in the village of DeForest from 20 years to 30 years after the district's creation in September 2017
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Allows tax increments to continue being allocated for up to 30 years after the TID's creation, rather than the standard 20-year period
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Exempts one project plan amendment for TID Number 9 from the 12 percent rule, which normally limits total TID property values to 12% of a municipality's total equalized taxable property value
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Prohibits the village of DeForest from using the housing stock improvement extension option for TID Number 9, which typically allows up to one additional year of tax increment collection
Legislative Description
Maximum life and allocation period for Tax Incremental District Number 9 in the village of DeForest and the total value of taxable property that may be included in tax incremental financing districts created in the village of DeForest. (FE)
Last Action
Read first time and referred to committee on Government Operations, Labor and Economic Development
5/14/2025