Tax Incremental Finance (TIF) - Terminations

Secs. 60.23(32), 60.85, 66.1105, and 66.1106, Wis. Stats.

For more information, review the TIF Termination web page.

  1. When does a municipality terminate a Tax Incremental District (TID)?

  2. What should the municipality provide to the Wisconsin Department of Revenue (DOR) when a TID terminates?

  3. When filling out the Final TID Accounting Submission Date Agreement (Form PE-223), how does the municipal clerk determine the Final Accounting Submission date?

  4. What is the last year a municipality receives an increment for a terminated TID?

  5. If a municipality adopts a TID termination resolution, does the municipality need to pay DOR an administrative fee?

  6. Can a municipality terminate an existing TID and then create another TID in the same year?

  7. When a municipality terminates a TID, what happens if there are still debts?

  8. How does the municipality divide excess funds among the overlying taxing jurisdictions?

  9. How long does the municipality have to return the excess funds?

  10. What if a municipality terminated a TID and has some outstanding expenses to pay before disbursing any extra funds to the other overlying tax jurisdictions?

  11. If a municipality adopts a TID termination resolution and notified DOR, can it rescind the termination resolution so it can adopt an affordable housing resolution?

  12. What happens to the TID's personal property aid and exempt computer aid when the TID terminates?

  13. When does a municipality receive the one-time levy limit adjustment? How is this calculated?

​​Contact Us

MS 6-97
Wisconsin Department of Revenue
Office of Technical and Assessment Services
PO Box 8971
Madison, WI 53708-8971
Phone: (608) 266-7750