Wisconsin 2025-2026 Regular Session

Wisconsin Assembly Bill AB22 Latest Draft

Bill / Introduced Version Filed 02/06/2025

                            2025 - 2026  LEGISLATURE
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2025 ASSEMBLY BILL 22
February 6, 2025 - Introduced by Representatives KURTZ, NOVAK, JOERS, BARE, 
ARMSTRONG, ARNEY, DESMIDT, HYSELL, PALMERI, TENORIO, UDELL and ROE, 
cosponsored by Senators TESTIN, HESSELBEIN, RATCLIFF and SPREITZER. 
Referred to Committee on Local Government. 
 
 ***AUTHORS SUBJECT TO CHANGE***
AN ACT to create 66.1105 (6) (g) 7. and 66.1105 (17) (h) of the statutes; relating 
to: limitations on the total value of taxable property that may be included in, 
and the lifespan of, a tax incremental financing district created in the city of 
Middleton.
Analysis by the Legislative Reference Bureau
Under current law, the equalized value of taxable property of a new or 
amended tax incremental district (TID) plus the value increment of all existing 
TIDs in a city or village may not exceed 12 percent of the total equalized value of 
taxable property in the city or village.  Under this bill, the 12 percent rule does not 
apply to TID Number 6 created by the city of Middleton if the district is created 
before June 1, 2025.
Also under current law, a city or village may extend the life of a TID for up to 
one year for housing stock improvement if all of the following occur:
1. The city or village pays off all of the TID[s project costs.
2. The city or village adopts a resolution stating that it intends to extend the 
life of the TID, the number of months it intends to do so, and how it intends to 
improve housing stock.
3. The city or village notifies DOR.
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ASSEMBLY BILL 22
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Under the bill, a housing stock improvement extension may not be exercised 
with regard to TID Number 6 in the city of Middleton.
For further information see the state and local fiscal estimate, which will be 
printed as an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do 
enact as follows:
SECTION 1. 66.1105 (6) (g) 7. of the statutes is created to read:
66.1105 (6) (g) 7.  This paragraph does not apply to Tax Incremental District 
Number 6 in the city of Middleton.
SECTION 2.  66.1105 (17) (h) of the statutes is created to read:
66.1105 (17) (h)  City of Middleton exception. The 12 percent limit described 
under sub. (4) (gm) 4. c. does not apply to the creation of Tax Incremental District 
Number 6 that is created by the common council of the city of Middleton if the 
district is created on or before June 1, 2025.
(END)
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