AB 94

This bill eliminates certain exceptions established for tax incremental districts

(TIDs) created by the village of Pleasant Prairie, and specifically exceptions

established based on TID Number 2 created by the village of Pleasant Prairie, which

is listed as terminated by the Department of Revenue as of tax year 2022.

The bill eliminates current law exceptions established for Pleasant Prairie

TIDs to the general requirement that the equalized value of taxable property of a new

or amended 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 the bill, any TID created by the village of Pleasant Prairie would

again be subject to the general 12 percent limit.

The bill also eliminates an exception established for TID Number 2 created by

the village of Pleasant Prairie that allows the planning commission in the village of

Pleasant Prairie to adopt an amendment to a project plan to modify the boundaries

of the TID up to six times during the TID's existence—instead of the general limit

under current law of four—and that allows a single amendment to a project plan that

both adds and subtracts territory to count as only one amendment to the plan.