Tax Credits & Incentives
Department of Natural Resources
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Department of Revenue
- Tax Incremental Financing [exit DNR]
- Environmental Remediation Tax Incremental Financing (ERTIF) [exit DNR]
- List of current ERTIFs [PDF, 11KB] - updated 7/22/08
- ERTIF differs from other tax incremental financing districts in several ways. They are created specifically to address brownfields, and environmental expenses may be recovered through the increase in property values. Also, ERTIFs are not included in the 12 percent limit on a local governmental unit’s (LGU) equalized value, and unlike other TIFs, the base value of an ERTIF may be $0.
In addition to cities and villages, counties and towns may establish an ERTIF. ERTIFs may fund:
- planning;
- property acquisition;
- Phase I and Phase II environmental site assessments;
- environmental investigation;
- removal of underground storage tanks and abandoned containers;
- environmental cleanup; and
- demolition, including asbestos abatement.
There is no limit on the value accrued in the ERTIF, as long as the costs incurred are eligible. The DNR must approve the site investigation report and the remedial action plan before the Department of Revenue (DOR) certifies the base value of the property in the ERTIF. The local government can incur some eligible expenses before the DOR certifies the base value and those costs can be paid back by the ERTIF.
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Department of Commerce
All of these links exit the DNR web site:
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Local Initiatives Support Corporation
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Wisconsin Historical Society
For more information on this specific page, contact:
Laurie Egre
Last Revised: Tuesday July 22 2008
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