Application Process: Geographic Requirements:
Only initial application required
Local Option in Adoption of Program:
Programs limited to designated geographic areas meeting specific criteria
Description of Local Option Regarding Adoption or Program Features :
Local government must take action to opt in
A tax increment financing (TIF) district is created with a resolution by the municipal legislative body after two public hearings. No environmental impact study or issuance of any permit or approval for a new manufacturing facility within an electronics and information technology manufacturing zone is required.
Regarding participation of taxing authorities, within the electronics and information technology (EITM) zone a project plan for the TIF created by a municipality must be approved by the local Joint Review Board (JRB) composed of one member from each of the affected taxing jurisdictions (school district, technical college district, county, municipality, and a public member appointed by the other 4 members). If more than one taxing jurisdiction of the same type is in the district, the jurisdiction that has the greatest property value will choose the representative. The plan must be approved by a majority of the JRB members before it can be implemented. The TIF must be approved also by the state government before it may be implemented.
Local Government Actions:
Eligible costs for an electronics and information technology (EITM) TIF district include land acquisition, site preparation, construction of infrastructure, payment of principal and interest on tax increment bonds issued by the municipality, and other capital costs within the district.
Cash grants to owners, lessees, or developers in the district are permitted, provided a development agreement has been signed with the city.
Eligible costs specific to an EITM TIF district include constructing or expanding police and fire protection services, purchasing police and fire equipment, and general operating expenses related to police and fire services, provided such costs do not exceed 15% of the total positive increment received over the district's lifetime. In addition, a TIF in an EITM zone may incur project costs within the county in which the district is located, provided the expenditures benefit the district.
Project expenditures may be made up to the termination date.
In addition to the local TIF within the EITM zone, the state provides income tax credits based on job creation and capital investment.
Description of Eligible Property Type:
Local Legislative Body Approval
Geographic Area Type:
Eligible property within a TIF district in an electronics and information technology (EITM) zone must be suitable for industrial sites or mixed-use development.
An EITM zone is exempted from the permitting requirement regarding discharge into a wetland.
Description of Geographic Area Criteria:
Tax Increment Financing Districts
Source State Statutes:
The TIF district must be located in the electronics and information technology (EITM) zone created by the state.
The TIF district shall remain in effect for no more than 30 years.
An EITM TIF district is not included in calculating the municipality's limit of all TIFs not exceeding 12% of the total value of taxable property within the municipality.
Wis. Stat. § 238.396 (in effect for 2021)
1/11/23 VO complete
12/27/21 WP verified
09/14/2021 VO complete
12/21/20 AG verified
2/7/20 AG updated
12/12/19 YP verified
11/18/19 LA complete, Act 58 has the following impact on local govts-- state grants to local govts, authorizes county sales tax revenue bonds, authorizes design-build contracting for certain, projects, modifies provisions affecting town incorporation and annexation, and provides certain exceptions and modifications to the tax-increment financing law
8/30/19 cc edited Need to check if local can provide only TIF
8/16/19 LA complete
2/11/19 LA CAT09
2/5/19 GM: CAT04
12/12/18 LA confirmed
8/24/18 LA revised to distinguish between EITM zone and TIF district within it
7/2/18 GM: completed record
5/9/18 cc created