560.65 (2) (b) 5. Specialized technical research.
27,6933jr Section 6933jr. 560.65 (3) (a) of the statutes is amended to read:
560.65 (3) (a) Subject to sub. (4), the board may award a grant or loan not exceeding $25,000 under s. 560.61 to a new or expanding business, a municipality or other public entity, a nonprofit organization or an entity organized by a group of any of those entities for investigating the feasibility of any of the activities under sub. (1m) (a) 1. to 3.
27,6933js Section 6933js. 560.65 (3) (b) (intro.) of the statutes is amended to read:
560.65 (3) (b) (intro.) A business recipient may use the proceeds of a grant or loan under this subsection for any of the following:
27,6933jt Section 6933jt. 560.65 (3) (b) 1. of the statutes is amended to read:
560.65 (3) (b) 1. Performing a business feasibility study.
27,6933ju Section 6933ju. 560.65 (3m) of the statutes is repealed.
27,6933jv Section 6933jv. 560.65 (4) (a) of the statutes, as affected by 1993 Wisconsin Act 75, is amended to read:
560.65 (4) (a) Except for awards made under sub. (1m) (a) 2. If the project is for the production of a product made from one or more materials recovered from postconsumer waste, whether the production is consistent with the priorities established under s. 159.03 (1) (b), 1991 stats., 159.42 (5) for the development of markets for materials recovered from solid waste that are in effect on January 1 of the year in which the applicant submits a complete application for a grant or loan under this section to the department.
27,6933jw Section 6933jw. 560.65 (4) (c) of the statutes is amended to read:
560.65 (4) (c) If the grant or loan is for a project relating to the processing of one or more materials recovered from postconsumer waste, whether there is or is likely to be a market for the processed materials.
27,6933jx Section 6933jx. 560.65 (4) (d) of the statutes is created to read:
560.65 (4) (d) Whether the project is in the best interest of the state in order to do any of the following:
1. Protect public health.
2. Protect, maintain and improve the quality and management of the waters of the state.
3. Protect, maintain and improve the quality of the air and of the natural environment.
4. Conserve resources and energy.
27,6933jy Section 6933jy. 560.65 (4m) of the statutes is repealed.
27,6933jz Section 6933jz. 560.65 (5) (a) of the statutes, as created by 1993 Wisconsin Act 75, is amended to read:
560.65 (5) (a) The board may not award a grant or loan under this section after July 1, 1995 1997.
27,6933p Section 6933p. 560.70 (intro.) of the statutes is amended to read:
560.70 Definitions. (intro.) In this subchapter section and ss. 560.71 to 560.795:
27,6933r Section 6933r. 560.70 (7) of the statutes is amended to read:
560.70 (7) "Tax benefits" means the development zones day care credit under ss. 71.07 (2dd), 71.28 (1dd) and 71.47 (1dd), the development zones environmental remediation credit under ss. 71.07 (2de), 71.28 (1de) and 71.47 (1de), the development zones investment credit under ss. 71.07 (2di), 71.28 (1di) and 71.47 (1di), the development zones jobs credit under ss. 71.07 (2dj), 71.28 (1dj) and 71.47 (1dj), the development zones location credit under ss. 71.07 (2dL), 71.28 (1dL) and 71.47 (1dL), the development zones sales tax credit under ss. 71.07 (2ds), 71.28 (1ds) and 71.47 (1ds) and the additional 5% credit under ss. 71.28 (4) and 71.47 (4).
27,6934 Section 6934. 560.73 (1) (i) 1. of the statutes is amended to read:
560.73 (1) (i) 1. Whether a grant diversion project has been established in the county in which the area is located and, if a grant diversion project has not been established, how the local governing body intends to work with the county and the department of health and social services industry, labor and human relations to establish a grant diversion project.
27,6935 Section 6935. 560.73 (1) (i) 2. of the statutes is amended to read:
560.73 (1) (i) 2. How the local governing body will work with the county and department of health and social services industry, labor and human relations to promote and encourage participation in the grant diversion project by employers in the development zone.
27,6936 Section 6936. 560.75 (11) of the statutes is amended to read:
560.75 (11) For the purposes of s. 49.193 (5), notify the department of health and social services industry, labor and human relations when a development zone has been established and of which local governing body helps administer the development zone.
27,6936p Section 6936p. 560.795 (3) (e) of the statutes is created to read:
560.795 (3) (e) For purposes of s. 49.193 (5), notify the department of health and social services of the designation of an area as a development opportunity zone and of the local governing body of the area.
27,6936r Section 6936r. 560.795 (3) (e) of the statutes, as created by 1995 Wisconsin Act .... (this act), is amended to read:
560.795 (3) (e) For purposes of s. 49.193 (5), notify the department of health and social services industry, labor and human relations of the designation of an area as a development opportunity zone and of the local governing body of the area.
27,6936s Section 6936s. 560.797 of the statutes is created to read:
560.797 Enterprise development zone program. (1) Definitions. In this section:
(a) "Environmental pollution" has the meaning given in s. 144.01 (3).
(b) "Project" means economic activity in the state.
(c) "Target population" means persons who are members of targeted groups for the purpose of the credit under ss. 71.07 (2dj), 71.28 (1dj) and 71.47 (1dj).
(d) "Tax benefits" has the meaning given in s. 560.70 (7).
(2) Criteria for designation as an enterprise development zone. (a) Subject to pars. (c) and (d), the department may designate an area as an enterprise development zone for a project if the department determines all of the following:
1. That the project serves a public purpose.
2. That the project will likely retain or increase employment in the state.
3. That the project is not likely to occur or continue without the department's designation of the area as an enterprise development zone.
4. That the project will likely positively affect an area that meets at least 3 of the following criteria:
a. The unemployment rate in the area is higher than the state average for the 18 months immediately preceding the date on which the application under sub. (3) was submitted to the department.
b. The percentage of persons residing in the area who are members of households with household income levels at or below 80% of the statewide median household income is higher than the state average.
c. The percentage of households in the area receiving unemployment compensation under ch. 108, general relief administered under s. 49.02, relief of needy Indian persons under s. 49.046 or aid to families with dependent children under s. 49.19 is higher than the state average.
d. In the 36 months immediately preceding the date on which the application under sub. (3) was submitted to the department, a number of workers in the area were permanently laid off by their employer or became unemployed as a result of a business action subject to s. 109.07 (1m).
e. An employer in the vicinity of the area has given public notice under s. 109.07 (1m) of either a business closing or a mass layoff of at least 25 employes, or 25% of the employes, of a business, whichever is greater, that will result in a number of workers in the area being laid off permanently.
f. Property values in the area have been declining.
g. There has been a decline in the population in the area.
(b) In making a determination under par. (a), the department shall consider all of the following:
1. The extent of poverty, unemployment or other factors contributing to general economic hardship in the area.
2. The prospects for new investment and economic development in the area.
3. The amount of investment that is likely to result from the project.
4. The number of jobs that are likely to be created as a result of the project.
5. The number of jobs that are likely to be available to the target population as a result of the project.
6. The competitive effect of designating the area as an enterprise development zone on other businesses in the area.
7. The needs of other areas of the state.
8. Any other factors that the department considers relevant.
(c) The department may not designate as an enterprise development zone, or as any part of an enterprise development zone, an area that is located within the boundaries of an area that is designated as a development zone under s. 560.71, or as a development opportunity zone under s. 560.795, the designation of which is in effect.
(d) The department may not designate more than 50 enterprise development zones unless the department obtains the approval of the joint committee on finance to do so.
(3) Application and project plan. (a) A person that conducts or that intends to conduct a project and that desires to have the area in which the project is or is to be conducted designated as an enterprise development zone for the purpose of claiming tax benefits may submit to the department an application and a project plan.
(b) A project plan under par. (a) shall include all of the following:
1. The name and address of the person's business for which tax benefits will be claimed.
2. The appropriate Wisconsin tax identification number of the person.
3. The names and addresses of other locations outside of the area proposed to be designated as an enterprise development zone where the person conducts business and a description of the business activities conducted at those locations.
4. The amount that the person proposes to invest in a business; to spend on the construction, rehabilitation, repair or remodeling of a building; or to spend on the removal or containment of, or the restoration of soil or groundwater affected by, environmental pollution; in the area proposed to be designated as an enterprise development zone.
5. The estimated total investment of the person in the enterprise development zone.
6. The estimated number of jobs that will be created, retained or substantially upgraded as a result of the person's project in relation to the amount of tax benefits estimated for the person.
7. The person's plans to make reasonable attempts to hire employes from the target population.
8. The estimated number of jobs that will be filled by members of the target population.
9. The person's plans to make available or provide day care center benefits, as defined in s. 71.07 (2dd) (a) 1., to each qualifying child, as defined in s. 71.07 (2dd) (a) 3.
10. The boundaries or legal description of the area proposed to be designated as an enterprise development zone.
11. Any other information required by the department or the department of revenue.
(4) Designation, certification and additional duties. (a) Subject to par. (b), if the department approves a project plan under sub. (3) and designates the area in which the person submitting the project plan conducts or intends to conduct the project as an enterprise development zone under the criteria under sub. (2), the department shall certify the person as eligible for tax benefits.
(b) The department may certify only one person as eligible for tax benefits in an area designated as an enterprise development zone.
(c) When the department designates an area as an enterprise development zone for a project, the department shall notify the governing body of any city, village, town or federally recognized American Indian tribe or band in which the area is located of the area's designation.
(d) The department shall notify the department of revenue of all persons entitled to claim tax benefits under this section.
(e) For purposes of s. 49.193 (5), the department shall notify the department of health and social services of the designation of an area as an enterprise development zone and of the governing body of any city, village, town or federally recognized American Indian tribe or band in which the area is located.
(f) The tax benefits for which a person is certified as eligible under this subsection are not transferable to another person, business or location, except to the extent permitted under section 383 of the internal revenue code.
(5) Duration and limits. (a) When the department designates an area as an enterprise development zone under this section, the department shall specify the length of time, not to exceed 84 months, that the designation is effective, subject to par. (d) and sub. (6).
(b) When the department designates an area as an enterprise development zone under this section, the department shall establish a limit, not to exceed $3,000,000, for tax benefits for the enterprise development zone.
(c) Annually, the department shall estimate the amount of foregone state revenue because of tax benefits claimed by persons in each enterprise development zone.
(d) 1. Notwithstanding the length of time specified by the department under par. (a), the designation of an area as an enterprise development zone shall expire 90 days after the day on which the department determines that the foregone tax revenues under par. (c) will equal or exceed the limit established for the enterprise development zone.
2. The department shall immediately notify the department of revenue and the governing body of any city, village, town or federally recognized American Indian tribe or band in which the enterprise development zone is located of a change in the expiration date of the enterprise development zone under this paragraph.
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