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 136
[2023 Senate Bill 880]
TID Number 14 in the
City of Stevens Point
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 136
2023 Wisconsin Act 136 provides all of the following with respect to TID Number 14 in the City of
Stevens Point:
The 12-percent limit does not apply to the creation of this TID if it is created before October 1, 2024.
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.
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Effective date: March 23, 2024
For a full history of the bill, visit the Legislature’s bill history page.
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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.