Wisconsin 2023 2023-2024 Regular Session

Wisconsin Senate Bill SB787 Comm Sub / Analysis

                    Wisconsin Legislative Council 
ACT MEMO 
One Ea st Ma in Stre e t, Suite 401 • Ma dison, W I 53703 • (608) 266-1304 • le g.council@le gis.wisconsin.gov • http://www.le gis.wisconsin.gov/lc 
Prepared by: Melissa Schmidt, Principal Attorney 	March 22, 2024 
2023 Wisconsin Act 135 
[2023 Senate Bill 787] 
TID Number 10 in the 
City of Evansville 
BACKGROUND 
State law provides that when considering the creation of a new tax incremental district (TID), a 
municipality must comply with the “12-percent limit.” Very generally, the 12-percent limit specifies that 
the equalized value of a new TID plus the value increment of the municipality’s existing TIDs may not 
exceed 12 percent of the total equalized value in the municipality.  
2023 WISCONSIN ACT 135 
2023 Wisconsin Act 135 provides all of the following with respect to TID Number 10 in the City of 
Evansville:  
 For purposes of calculating the 12-percent limit, TID Number 4 must count as exactly four percent 
of the city’s equalized value. 
 The TID is not eligible for extension for purposes of funding workforce housing as otherwise 
permitted under current law. 
 The TID is subject to certain provisions of current law, as affected by 2023 Wisconsin Act 12, that 
relate to the consideration of a municipality’s TIDs in calculation of its levy limits.
1
 
Effective date: March 23, 2024 
For a full history of the bill, visit the Legislature’s bill history page. 
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1
 With respect to the impact of TIDs on levy limits, 2023 Wisconsin Act 12 modifies what is included in the valuation 
factor for determining a local levy limit. In addition, beginning generally with TIDs created in 2025, the act sunsets the 
one-time levy limit increase allowed under prior law upon the termination of a TID, and replaces it with a relatively 
smaller, one-time increase upon TID termination.