Assembly Bill 22 proposes amendments to the statutes regarding tax incremental financing districts (TIDs) specifically for TID Number 6 in the city of Middleton. The bill creates two new sections: 66.1105 (6) (g) 7. and 66.1105 (17) (h). The first section states that the existing limitations on the total value of taxable property that can be included in a TID do not apply to TID Number 6 if it is created before June 1, 2025. The second section explicitly exempts TID Number 6 from the 12 percent cap on the equalized value of taxable property for TIDs in the city or village.

Additionally, the bill stipulates that the provisions allowing for the extension of a TID's lifespan for housing stock improvement do not apply to TID Number 6. This means that the city of Middleton cannot extend the life of TID Number 6 for the purpose of improving housing stock, regardless of whether the city meets the existing criteria for such an extension. Overall, the bill aims to provide specific exemptions for TID Number 6 in Middleton, facilitating its creation and limiting the conditions under which its lifespan can be extended.