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

Assembly Bill 22 creates specific exceptions for Tax Incremental District (TID) Number 6 in the city of Middleton. It exempts this particular district from a 12 percent limit on the total value of taxable property that can be included within it. The bill also removes other general limitations that would otherwise apply to TIDs. These exceptions are applicable only if TID Number 6 is established by the city of Middleton's common council on or before June 1, 2025.