Relating to: maximum life and allocation period for Tax Incremental District Number 9 in the village of DeForest and the total value of taxable property that may be included in tax incremental financing districts created in the village of DeForest. (FE)

AB 137 modifies regulations specific to Tax Incremental District (TID) Number 9 in the village of DeForest. It extends the maximum life and the period for allocating tax increments for this district to 30 years after its creation. The bill also provides an exception for the village of DeForest, allowing it to exceed a 12 percent limit on the total value of taxable property included in tax incremental financing districts for one amendment to TID Number 9's project plan. These changes aim to adjust the financial tools available to the village for development within this specific district.