AB 28

Under current law, a city or village may create a tax incremental district (TID)

in part of its territory. The project plan of the TID may be amended by resolution of

a city's planning commission. Before such an amendment may take effect, however,

several procedures are required. These procedures include approval by the common

council, review by a joint review board, and a public hearing. Once these procedures

are completed, the city clerk must submit the amendment and certain forms to the

Department of Revenue (DOR). Upon receipt, DOR is required to recalculate and

recertify the tax incremental base of the TID. The amendment and forms must be

submitted to DOR on or before December 31 of the year in which the changes to the

TID take effect.

This bill specifies that if the clerk of the city of Chippewa Falls submits the

necessary forms to DOR on or before December 31, 2009, for a TID, the project plan

of which was amended or attempted to be amended on January 1, 2007, based on

actions taken by the common council in November 2006, DOR must proceed as if the

forms had been timely filed on or before December 31, 2007, except that a value

increment may not be certified before 2010.