WI SB241

Exempts tax incremental districts (TIDs) containing WEDC-certified qualified data centers from the 12 percent cap on total equalized property value that normally limits TID creation in cities and villages

Requires all project costs of the TID to be related to the qualified data center to qualify for the exemption

Prohibits TIDs that received the exemption from later amending their project plans to include costs unrelated to the data center

Excludes exempted data center TIDs from the value increment calculation when municipalities determine compliance with the 12 percent limit for other TIDs