SB579-SA1,1,137
66.1105
(2) (i) 1.
“Tax increment" Except as provided in subd. 2., “tax
8increment” means that amount obtained by multiplying the total county, city, school
9and other local general property taxes levied on all taxable property within a tax
10incremental district in a year by a fraction having as a numerator the value
11increment for that year in the district and as a denominator that year's equalized
12value of all taxable property in the district. In any year, a tax increment is “positive"
13if the value increment is positive; it is “negative" if the value increment is negative.
SB579-SA1,2,62
66.1105
(2) (i) 2. For purposes of any agreement between the taxing jurisdiction
3and a developer regarding the tax incremental district entered into prior to the
4effective date of this subdivision .... [LRB inserts date], “tax increment” includes the
5amount that a taxing jurisdiction is obligated to attribute to a tax incremental
6district under s. 79.096 (3).”.