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WI SB24

Bill

Official Source

Status

Passed

5/16/2025

Primary Sponsor

Patrick Testin

Click for details

Origin

Senate

2025-2026 Regular Session

AI Summary

  • Exempts Tax Incremental District Number 6 in the City of Middleton from the standard 12% limit on taxable property value that can be included in a TIF district
  • Exempts the same district from statutory lifespan limitations that typically apply to TIF districts under section 66.1105 (6) (g)
  • Requires the district to be created by the Middleton common council on or before June 1, 2025 to qualify for these exemptions
  • Enacted May 16, 2025 and took effect May 18, 2025 (day after publication)

Legislative Description

Limitations on the total value of taxable property that may be included in, and the lifespan of, a tax incremental financing district created in the city of Middleton. (FE)

Last Action

Published 5-17-2025

5/16/2025

Committee Referrals

Finance5/13/2025
Rules4/24/2025
Government Operations, Labor and Economic Development2/5/2025

Full Bill Text

No bill text available