Municipal Tax Incremental Finance (TIF) Termination

A municipality must terminate/dissolve a TID when one of the following occurs:

  • Municipality receives total tax increments equal to the total of all project costs as described in the most recent approved project plan
  • TID reaches its maximum life. The maximum life varies and is determined by the TID type and municipal resolution date. See the TID Criteria Matrix table for more details.
  • Municipality chooses to dissolve the district early

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

  1. Notify the Wisconsin Department of Revenue (DOR) within 60 days after adopting the termination resolution by emailing:
    • Completed Final Accounting for Terminated TID Agreement (Form PE-223)
    • Copy of the adopted termination resolution
  2. Provide the appropriate Property Lister with a list of the parcels where the TID number needs to be removed from the appropriate tax/assessment roll
  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

Forms
TID Termination Resolution SampleFill-in resolution. Email adopted resolution to DOR within 60 days.
Final Accounting for Terminated TID Agreement (Form PE-223)Form confirms termination dates and establishes the date to e-file the TID Final Accounting Report. Email the completed agreement to DOR.
TID Final Accounting Report (Form PE-110)Form documenting total expenditures and revenues for the TID. E-file the form.

Attach Documents

Select "Attach Documents" to email your TID documents




Publications/Information
TID Termination TimeframeImportant dates for the termination process
TIF ManualTIF reference guide

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