66.1105(7)(a)
(a) That time when the city has received aggregate tax increments with respect to the district in an amount equal to the aggregate of all project costs under the project plan and any amendments to the project plan for the district, except that this paragraph does not apply to a district whose positive tax increments have been allocated under sub.
(6) (d),
(dm),
(e), or
(f) until the district to which the allocation is made has paid off the aggregate of all of its project costs under its project plan.
66.1105(7)(ak)1.1. Except as provided in par.
(am) 1. and
4., for a district about which a finding is made under sub.
(4) (gm) 4. a. that not less than 50 percent, by area, of the real property within the district is a blighted area or an area in need of rehabilitation or conservation work, and if the district to which the plan relates is created after September 30, 1995, and before October 1, 2004, 27 years after the district is created.
66.1105(7)(ak)2.
2. Except as provided in par.
(am) 4., for a district that is created after September 30, 1995, and before October 1, 2004, and that is not subject to subd.
1.,
4., or
5., 23 years after the district was created, and, except as provided in subd.
3., for a district that is created before October 1, 1995, 27 years after the district is created.
66.1105(7)(ak)3.
3. For Tax Incremental District Number 2 in the city of Racine, 37 years after the district is created.
66.1105(7)(ak)4.
4. For Tax Incremental District Number 1 in the village of Weston, 33 years after the district is created.
66.1105(7)(ak)5.
5. For Tax Incremental District Number 1 in the village of Marathon City, 33 years after the district is created.
66.1105(7)(am)1.1. Except as provided in subd.
4., for a district described under par.
(ak) 1., the time period specified in that subdivision, except that the city that created the district may, subject to sub.
(8) (e), request that the joint review board extend the life of the district for an additional 4 years. Along with its request for a 4-year extension, the city may provide the joint review board with an independent audit that demonstrates that the district is unable to pay off its project costs within the 27 years after the district is created. The joint review board may deny or approve a request to extend the life of the district for 4 years if the request does not include the independent audit, and the board shall approve a request to extend the life of the district for 4 years if the request includes the audit. If the joint review board extends the district's life, the district shall terminate at the earlier of the end of the extended period or the period specified in par.
(a).
66.1105(7)(am)2.
2. Except as provided in subds.
4.,
5.,
6.,
7., and
9., for a district that is created after September 30, 2004, about which a finding is made under sub.
(4) (gm) 4. a. that not less than 50 percent, by area, of the real property within the district is suitable for industrial sites or mixed-use development, 20 years after the district is created, except that the city that created the district may, subject to sub.
(8) (e), request that the joint review board extend the life of the district for an additional 3 years. Along with its request for a 3-year extension, the city may provide the joint review board with an independent audit that demonstrates that the district is unable to pay off its project costs within the 20 years after the district is created. The joint review board may deny or approve a request to extend the life of the district for 3 years if the request does not include the independent audit, and the board shall approve a request to extend the life of the district for 3 years if the request includes the audit. If the joint review board extends the district's life, the district shall terminate at the earlier of the end of the extended period or the period specified in par.
(a). For a tax incremental district created after March 3, 2016, the termination date for a district to which this subdivision applies shall either be increased by one year beyond the otherwise applicable termination date under this subdivision if that district's project plan is adopted under sub.
(4) (g) after September 30 and before May 15, or shall be the period specified in par.
(a), whichever is earlier.
66.1105(7)(am)3.
3. Except as provided in subds.
4. and
8., for a district that is created after September 30, 2004, about which a finding is made under sub.
(4) (gm) 4. a. that not less than 50 percent, by area, of the real property within the district is a blighted area or in need of rehabilitation, 27 years after the district is created, except that the city that created the district may, subject to sub.
(8) (e), request that the joint review board extend the life of the district for an additional 3 years. Along with its request for a 3-year extension, the city may provide the joint review board with an independent audit that demonstrates that the district is unable to pay off its project costs within the 27 years after the district is created. The joint review board may deny or approve a request to extend the life of the district for 3 years if the request does not include the independent audit, and the board shall approve a request to extend the life of the district for 3 years if the request includes the audit. If the joint review board extends the district's life, the district shall terminate at the earlier of the end of the extended period or the period specified in par.
(a). For a tax incremental district created after March 3, 2016, the termination date for a district to which this subdivision applies shall either be increased by one year beyond the otherwise applicable termination date under this subdivision if that district's project plan is adopted under sub.
(4) (g) after September 30 and before May 15, or shall be the period specified in par.
(a), whichever is earlier.
66.1105(7)(am)4.a.a. At any time during the district's existence, but subject to sub.
(8) (e), the city that created the district described under subd.
1.,
2., or
3. or par.
(ak) 1. or
2. may request that the joint review board extend the life of the district for an additional 3 years in addition to an extension authorized under subd.
1.,
2., or
3., if during the district's existence, the annual and total amount of tax increments to be generated over the life of the district are adversely impacted by
2013 Wisconsin Act 145.
66.1105(7)(am)4.b.
b. Together with its request for a 3-year extension under this subdivision, the city may provide the joint review board with an independent audit that demonstrates that the district is unable to pay off its project costs within the time specified under subd.
1.,
2., or
3., whichever is applicable. The joint review board may deny or approve the request if the request does not include the independent audit, and the board shall approve the request if the request includes the audit. If the joint review board extends the district's life, the district shall terminate at the earlier of the end of the extended period or the period specified in par.
(a).
66.1105(7)(am)5.
5. For Tax Incremental District Number 1 in the village of Caledonia, 37 years after the district is created.
66.1105(7)(am)6.
6. For Tax Incremental District Number 4 in the village of Caledonia, 30 years after the district is created.
66.1105(7)(am)7.
7. For Tax Incremental District Number 3 in the village of Lake Delton, 37 years after the district is created.
66.1105(7)(am)8.
8. For Tax Incremental District Number 4 in the village of Lake Delton, 37 years after the district is created.
66.1105(7)(am)9.
9. For Tax Incremental District Number 2 in the village of Kronenwetter, 25 years after the district is created.
66.1105(7)(ar)
(ar) Notwithstanding par.
(am), 35 years after the district is created if it was created before October 1, 1995, and if the project plan is amended under sub.
(4) (h) 4. 66.1105(7)(as)
(as) Notwithstanding par.
(am), 35 years after the last expenditure identified in the project plan is made if the district to which the plan relates is created before October 1, 1995, and sub.
(6) (d) applies to the district.
66.1105(7)(at)
(at) Notwithstanding par.
(am), 31 years after the district is created if the district is created before October 1, 1995, and the expenditure period is specified in sub.
(6) (am) 2. c. 66.1105(7)(au)
(au) With regard to a distressed, or severely distressed, tax incremental district under sub.
(4e), the time period specified in sub.
(4e) (d) 2. 66.1105(7)(b)
(b) The local legislative body, by resolution, dissolves the district at which time the city becomes liable for all unpaid project costs actually incurred which are not paid from the special fund under sub.
(6) (c), except this paragraph does not make the city liable for any tax incremental bonds or notes issued.
66.1105(8)
(8)
Notice of district termination, reporting requirements. 66.1105(8)(a)(a) A city which creates a tax incremental district under this section shall give the department of revenue written notice within 60 days of the termination of the tax incremental district under sub.
(7).
66.1105(8)(b)
(b) If the department of revenue receives a notice under par.
(a) during the period from January 1 to April 15, the effective date of the notice is the date the notice is received. If the notice is received during the period from April 16 to December 31, the effective date of the notice is the first January 1 after the department of revenue receives the notice.
66.1105(8)(c)
(c) After a city transmits to the department of revenue the notice required under par.
(a), the city and the department shall agree on a date by which the city shall send to the department, on a form prescribed by the department, all of the following information that relates to the terminated tax incremental district:
66.1105(8)(c)1.
1. A final accounting of all expenditures made by the city.