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WI SB133
Bill
Status
3/23/2026
Primary Sponsor
Van Wanggaard
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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 increment allocations to continue for up to 30 years, providing an additional 10 years to collect revenues for project costs
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Exempts one amendment to TID Number 9's project plan from the 12 percent rule, which normally limits the total equalized value of taxable property in all TIDs to 12 percent of the village's total equalized value
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Prohibits the village from using the housing stock improvement extension (normally available for up to one year after project costs are paid) for TID Number 9
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
Failed to pass pursuant to Senate Joint Resolution 1
3/23/2026