When a municipality creates a Tax Incremental District (TID), state law requires the following annual report and audits.
TID Annual Report (PE-300) |
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- State law requires municipalities with active TIDs to electronically file an annual report for each TID by July 1 with the Wisconsin Department of Revenue (DOR)
- If you are not a clerk or clerk/treasurer, you must request access to file this form through My DOR Government Account
- Reported items include general information, beginning fiscal balance, revenues, expenditures, future costs, future revenue, and ending fiscal balance
- Future costs and future revenue are estimates based on the remaining life of the TID. Refer to a recent cash flow statement or the project plan for more information.
- A standing Joint Review Board must meet by July 1 (or when the report is available) to review each TID's annual report, performance, and status
- Municipality must provide each overlying tax jurisdiction a copy of the annual report by July 1
- Under state law, DOR must charge a municipality $100 per day for each TID Annual Report not filed within 60 days of July 1
State law:
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Certified Public Accountant (CPA) Audits |
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For Town and Municipal TIDs, CPA audits are required at least
three times during the TID's life, no later than 12 months after: - 30% of total project expenditures
- End of expenditure period
- Termination of the district
For Environmental Remediation TIDs created before November 2017, a CPA audit is required at least
once during the TID's life, no later than 12 months after: - Termination of the district
The CPA must determine if all financial transactions comply with state law. State law: |
Publications/Information |
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TIF Manual – TIF reference guide |
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
Email: tif@wisconsin.gov