Relating to: limitations on the total value of taxable property that may be included in a tax incremental financing district created in the city of Port Washington. (FE)

AB 140 creates a specific exception in Wisconsin statute for Port Washington's Tax Incremental District Number 5, removing a standard 12% limit on the total taxable property value that can be included in such districts. This bill directly affects the city of Port Washington and its Tax Incremental District Number 5, allowing that district to exceed the usual property value cap. The key mechanism is adding a new statutory provision (66.1105 (17) (h)) that explicitly states the 12% limit does not apply to this specific district. The bill was enacted as 2025 Wisconsin Act 16 after approval by the Governor.