WI AB708

Extends the maximum life extension for tax incremental districts (TIDs) from one year to three years when used for housing stock improvement purposes

Requires joint review board approval by resolution for any TID extension exceeding one year

Cities must use at least 75% of tax increments collected during the extension period to benefit affordable housing, with the remaining balance for general housing stock improvement

Cities must adopt a resolution stating the intent to extend, the duration, and how housing stock will be improved, then notify the Department of Revenue

Amends Wisconsin Statutes section 66.1105 governing tax incremental financing (TIF) used by cities and villages to encourage development