Municipal Tax Incremental Finance (TIF)
Accounting & Termination

When you create a Tax Incremental District (TID) it has specific accounting and termination requirements to the overlying taxing jurisdictions and the Wisconsin Department of Revenue (DOR).

Accounting Information

You must submit these reports to your overlying taxing jurisdictions.

Form Name Description
Sample Annual Report You are required by state law to annually submit this report by May 1 to the overlying taxing jurisdictions
PE-110 Town TIDs created under state law (sec. 60.85, Wis. Stats.) also must submit an annual report to DOR
Sample Audit Report Sample Audit Report that are required at three times during the life of the Tax Increment District:
  • no later than 12 months after 30 % of project expenditures
  • no later than 12 months after the end of expenditure period
  • no later than 12 months after termination of the district

Termination

TID terminates/dissolves when one of the following occurs:

When a TID is terminated/dissolved, the municipality must provide DOR with the following:

Reminder: If you do not submit the required termination forms or information within the agreed upon timeframe, DOR will deny certification of any additional tax incremental base.

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.

Form Name Description
PE-613
(Fill-In Form)
Tax Incremental District Termination Resolution Sample
PE-223
(Fill-In Form)
Final Accounting for Terminated TID Agreement- establishes the date the PE-110 and Final Accounting Report will be submitted
PE-110 TID Final Accounting Report (online)
TID Final Accounting Report You must email the Excel file to tif@revenue.wi.gov at the same time you e-file the Final Accounting Report (PE-110).  Instead of using DOR's Excel file, the municipality may file its Final Audit Report/Financial Statements if they contain the same information found in DOR's Excel file.

To send your completed forms by email, click the Attach Documents button. Attach Documents
Note: This opens an email to attach the files.

Complete and return the appropriate forms to:

Wisconsin Department of Revenue
Attn: Office of Technical and Assessment Services
PO Box 8971, MS 6-97
Madison, WI 53708-8971
Phone (608) 266-5708
Fax (608) 264-6897
Email additional questions to tif@revenue.wi.gov

Page last updated October 21, 2014