​​ Sec. 66.1105(7), Wis. Stats.

A municipality must adopt a Tax Incremental District (TID) termination resolution when one of the following occurs:

• Municipality receives total tax increments equal to the total of all project costs described in the most recent approved project plan
• TID reaches the later of its maximum or extended life
  • The maximum life before extensions varies based on the TID type and creation resolution date. See the TID Criteria Matrix table for more details.
  • A municipality may adopt a resolution extending the TID's life. See TID Extension Types​ for more details.
• Municipality chooses to terminate the district early

When a municipality adopts a resolution to terminate a TID, the municipality must:

1. Email tif@wisconsin.gov within 60 days after adopting the termination resolution or by April 15, whichever comes first:
   • Final Accounting for Terminated TID Agreement (Form PE-223)
   • Adopted municipal termination resolution
2. Notify:
   • Property Lister – provide a list of the property where the TID number needs to be removed from the tax/assessment roll
   • Municipal​ assessor
   • All overlying taxing jurisdictions for the TID
3. Comply with the submission date established on Form PE-223 by:
   • Completing the TID Final Audit and saving a copy in the municipal TID records
   • Electronically filing (e-filing) the TID Final Accounting Report (Form PE-110) with DOR