Environmental Remediation Tax Incremental Finance (TIF)
Base Year Packet
The Environmental Remediation Tax Incremental Finance Law (ER TIF) was approved by the Wisconsin Legislature in 1997 as a financial tool political subdivisions could use to pay for specific environmental remediation expenses. It was modified by the Legislature in 1999 and targets brownfield remediation projects. For additional information on state programs to assist in the remediation and redevelopment of brownfields, see the Department of Commerce Blight Elimination & Brownfield Redevelopment Program (BEBR) or Department of Natural Resources Remediation and Redevelopment Program web sites.
The 2005 Wis. Act 418 published on June 2, 2006, clarified the wording in the ER TIF law. At that time, the maximum life and some requirements were also updated to bring the ER TIF requirements more in line with other Tax Incremental Districts (TIDs).
The Department of Revenue uses the information on the forms to establish the district's base value and to verify that proper legal procedures were followed. When completing these forms, use consistent identification numbers on the forms and on the required maps. These forms must be completed and submitted to DOR on or before December 31 of the creation year. The process of certifying base values does not begin until after January 1 of the year following creation.
| Publications | Description |
|---|---|
| Comparison | Comparison of Regular and Environmental Remediation TIDs (9/08) |
| ER Steps | Steps for Creating ER TIF Districts (9/08) |
| PE-212 | Tax Incremental Finance - An Intergovernmental/Private Partnership (9/08) |
| 66.1106 Law | Composite ER Tax Increment Law (11/09) |
| Checklist | Description |
| PE-109 ER | ER TID Base Year Packet - Checklist (9/08) - will identify the forms needed. |
One set (of the forms listed below) must be completed for creation of each new TID. For your convenience, three different file formats have been provided to complete the TID forms.
- Regular PDF - blank forms that you need to print and then enter the data.
- Fill-in PDF - can enter the data with your computer and then print. The fill-in forms do automatic calculations, but the form with data cannot be saved.
Fill-in forms option: Please read the instructions first before using this option. This is not available for all the forms. This option will not electronically file your form.
- Excel - has all of the forms in one file. The advantages of the Excel format is:
- You can save the file and work on the forms periodically.
- The completed file can be e-mailed to the Department of Revenue.
- The file does calculations automatically and information can be passed from one page to another.
| Form Name | Description |
|---|---|
| Excel format | Contains all of the necessary forms. Best practice is to open the workbook, save it to your computer (remember location), and then go offline to complete the forms. |
| PA-480 | Tax Incremental Financing Remittance Fee - Not Available Note: Effective April 15, 2010, all fees will be transmitted electronically through "My Tax Account." Information regarding this will be sent to each municipality in the near future. |
| PE-601A | TIF Base Year Personal Property List (6/08) | Fill-In Form |
| PE-605ER | City/Village Legal Requirements Base Year(7/08) | Fill-In Form |
| PE-606 | Equalized Value Determination Request (9/08) | Fill-In Form |
| PE-608 | TID Parcel List Locally Assessable Property (6/08) | Fill-In Form |
| PE-608M | TID Manufacturing Real Property List (7/08) | Fill-In Form |
| PE-608MP | TID Manufacturing Personal Property List (7/08) | Fill-In Form |
| PE-615A | Statement of Assessment (7/08) | Fill-In Form |
| PE-617A | Tax Incremental District Assessor's Final Report Base Year Valuation (9/08) | Fill-In Form |
| PE-619 | TID Parcel List - Municipal Owned Property (7/08) | Fill-In Form |
Please complete and return the appropriate forms for creating a Tax Incremental District by December 31. Return them to:
Wisconsin Department of Revenue
Attn: Equalization Section
Mail Stop 6-97, P.O. Box 8971
Madison, WI 53708-8971
or fax to (608) 264-6897
For more information contact:
- E-mail - tif@revenue.wi.gov
- Susan Plakus (608) 261-5335
- Mary Lou Clayton (608) 266-5708
Last updated January 28, 2010