Municipal Tax Incremental Finance (TIF) Audits and Annual Report

When a municipality creates a Tax Incremental District (TID), state law requires the following annual report and audits.

Forms
TID Annual Report (PE-300)
  • State law requires municipalities with active TIDs to electronically submit an annual report for each TID by July 1 to the Wisconsin Department of Revenue
  • Reported items include: general information, beginning fiscal balance, revenues, expenditures, future costs, future revenue, and ending fiscal balance
  • 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 submit the annual report to each overlying tax jurisdiction by July 1

Sample Audit ReportCertified Public Accountant audits are required at least three times during the TID's life, no later than 12 months after:
  • 30 percent of project expenditures
  • End of expenditure period
  • Termination of the district

Attach Documents

Select "Attach Documents" to email your TID documents



Publications/Information
TIF Manual - TIF reference guide
Annual Report Form Instructions - general TID Annual Report information

FOR MORE INFORMATION PLEASE CONTACT:

MS 6-97
WISCONSIN DEPARTMENT OF REVENUE
Office of Technical and Assessment Services
PO Box 8971
Madison, WI 53708-8971
Phone: (608) 261-5335 or (608) 266-5708
Email additional questions to ​tif@wisconsin.gov

November 5, 2018