AB79-ASA1-AA1,1,10
3"(d) If a city or village annexes territory from a town and if all or part of the
4territory that is annexed is part of a tax incremental district created by the town as
5provided in this subsection, the city or village shall pay to the town that portion of
6the eligible costs that are attributable to the annexed territory. The city or village,
7and the town, shall negotiate an agreement on the amount that must be paid under
8this paragraph. The department of revenue shall redetermine the tax incremental
9base of any parcel of real property for which the tax incremental base was determined
10under s. 66.1105 (5) if part of that parcel is annexed as described in this paragraph.".
