AB40-ASA1,1309,4
1(2) If the department of revenue certifies a health care provider under sub. (1),
2the department shall determine the amount of credits to allocate to the health care
3provider. The total amount of electronic medical records credits allocated to health
4care providers in any year may not exceed $10,000,000.
AB40-ASA1,1309,6 5(3) The department, in consultation with the department of revenue, shall
6promulgate rules to administer this section.
AB40-ASA1, s. 3355m 7Section 3355m. 560.204 (3) of the statutes is repealed.
AB40-ASA1, s. 3356 8Section 3356. 560.205 of the statutes is renumbered 238.15, and 238.15 (1)
9(intro.), (2) and (3) (a), (b), (d) (intro.), 1., 2. a. and b. and (e), as renumbered, are
10amended to read:
AB40-ASA1,1309,2011 238.15 (1) Angel investment tax credits. (intro.) The department corporation
12shall implement a program to certify businesses for purposes of s. 71.07 (5d). A
13business desiring certification shall submit an application to the department
14corporation in each taxable year for which the business desires certification. The
15business shall specify in its application the investment amount it wishes to raise and
16the department corporation may certify the business and determine the amount that
17qualifies for purposes of s. 71.07 (5d). Unless otherwise provided under the rules of
18the department, a
A business may be certified under this subsection, and may
19maintain such certification, only if the business satisfies all of the following
20conditions:
AB40-ASA1,1310,9 21(2) Early stage seed investment tax credits. The department corporation
22shall implement a program to certify investment fund managers for purposes of ss.
2371.07 (5b), 71.28 (5b), 71.47 (5b), and 76.638. An investment fund manager desiring
24certification shall submit an application to the department corporation. The
25investment fund manager shall specify in the application the investment amount

1that the manager wishes to raise and the department corporation may certify the
2manager and determine the amount that qualifies for purposes of ss. 71.07 (5b),
371.28 (5b), 71.47 (5b), and 76.638. In determining whether to certify an investment
4fund manager, the department corporation shall consider the investment fund
5manager's experience in managing venture capital funds, the past performance of
6investment funds managed by the applicant, the expected level of investment in the
7investment fund to be managed by the applicant, and any other relevant factors. The
8department corporation may certify only investment fund managers that commit to
9consider placing investments in businesses certified under sub. (1).
AB40-ASA1,1310,13 10(3) (a) List of certified businesses and investment fund managers. The
11department corporation shall maintain a list of businesses certified under sub. (1)
12and investment fund managers certified under sub. (2) and shall permit public access
13to the lists through the department's corporation's Internet Web site.
AB40-ASA1,1310,1714 (b) Notification of department of revenue. The department of commerce
15corporation shall notify the department of revenue of every certification issued under
16sub. subs. (1) and (2) and the date on which any such certification is revoked or
17expires.
AB40-ASA1,1311,1918 (d) Rules. (intro.) The department of commerce corporation, in consultation
19with the department of revenue, shall promulgate adopt rules to administer this
20section. The rules shall further define "bona fide angel investment" for purposes of
21s. 71.07 (5d) (a) 1. The rules shall limit the aggregate amount of tax credits under
22s. 71.07 (5d) that may be claimed for investments in businesses certified under sub.
23(1) at $3,000,000 per calendar year for calendar years beginning after December 31,
242004, and before January 1, 2008, $5,500,000 per calendar year for calendar years
25beginning after December 31, 2007, and before January 1, 2010, $6,500,000 for

1calendar year 2010, and $20,000,000 per calendar year for calendar years beginning
2after December 31, 2010, plus, for taxable years beginning after December 31, 2010,
3an additional $250,000 for tax credits that may be claimed for investments in
4nanotechnology businesses certified under sub. (1). The rules shall also limit the
5aggregate amount of the tax credits under ss. 71.07 (5b), 71.28 (5b), 71.47 (5b), and
676.638 that may be claimed for investments paid to fund managers certified under
7sub. (2) at $3,500,000 per calendar year for calendar years beginning after December
831, 2004, and before January 1, 2008, $6,000,000 per calendar year for calendar
9years beginning after December 31, 2007, and before January 1, 2010, $8,000,000 for
10calendar year 2010, and $20,500,000 per calendar year for calendar years beginning
11after December 31, 2010, plus, for taxable years beginning after December 31, 2010,
12an additional $250,000 for tax credits that may be claimed for investments in
13nanotechnology businesses certified under sub. (1). The rules shall also provide that,
14for calendar years beginning after December 31, 2007, no person may receive a credit
15under ss. 71.07 (5b) and (5d), 71.28 (5b), 71.47 (5b), or 76.638 unless the person's
16investment is kept in a certified business, or with a certified fund manager, for no less
17than 3 years. The rules shall permit the department corporation to reallocate credits
18under this section that are unused in any calendar year to a person eligible for tax
19benefits, as defined under s. 560.2055 238.16 (1) (d), if all of the following apply:
AB40-ASA1,1311,2120 1. The department corporation notifies the joint committee on finance in
21writing of its proposed reallocation.
AB40-ASA1,1311,2522 2. a. The cochairpersons of the joint committee on finance fail to notify the
23department corporation, within 14 working days after the date of the department's
24corporation's notification under subd. 1., that the committee has scheduled a meeting
25for the purpose of reviewing the proposed reallocation.
AB40-ASA1,1312,2
1b. The cochairpersons of the joint committee on finance notify the department
2corporation that the committee has approved the proposed reallocation.
AB40-ASA1,1312,143 (e) Transfer. A person who is eligible to claim a credit under s. 71.07 (5b), 71.28
4(5b), 71.47 (5b), or 76.638 may sell or otherwise transfer the credit to another person
5who is subject to the taxes or fees imposed under s. 71.02, 71.23, 71.47, or subch. III
6of ch. 76, if the person receives prior authorization from the investment fund
7manager and the manager then notifies the department of commerce corporation
8and the department of revenue of the transfer and submits with the notification a
9copy of the transfer documents. No person may sell or otherwise transfer a credit as
10provided in this paragraph more than once in a 12-month period. The department
11corporation may charge any person selling or otherwise transferring a credit under
12this paragraph a fee equal to 1 percent of the credit amount sold or transferred. The
13department shall deposit all fees collected under this paragraph in the appropriation
14account under s. 20.143 (1) (gm).
AB40-ASA1, s. 3357 15Section 3357. 560.2055 (title) and (1) of the statutes are renumbered 238.16
16(title) and (1).
AB40-ASA1, s. 3358 17Section 3358. 560.2055 (2) of the statutes is renumbered 238.16 (2), and
18238.16 (2) (intro.) and (b), as renumbered, are amended to read:
AB40-ASA1,1312,2019 238.16 (2) (intro.) The department corporation may certify a person to receive
20tax benefits under this section if all of the following apply:
AB40-ASA1,1312,2221 (b) The person applies under this section and enters into a contract with the
22department corporation.
AB40-ASA1, s. 3359m 23Section 3359m. 560.2055 (3) of the statutes is renumbered 238.16 (3), and
24238.16 (3) (intro.), (a) and (b) of the statutes, as renumbered, are amended to read:
AB40-ASA1,1313,4
1238.16 (3) Eligibility for tax benefits. (intro.) A person certified under sub.
2(2) may receive tax benefits under this section if, in each year for which the person
3claims tax benefits under this section, the person increases net employment in the
4person's business, and one of the following apply applies:
AB40-ASA1,1313,75 (a) In a tier I county or municipality, an eligible employee for whom the person
6claims a tax credit will earn at least $20,000 but not more than $100,000 in wages
7from the person in the year for which the credit is claimed.
AB40-ASA1,1313,108 (b) In a tier II county or municipality, an eligible employee for whom the person
9claims a tax credit will earn at least $30,000 but not more than $100,000 in wages
10from the person in the year for which the credit is claimed.
AB40-ASA1, s. 3362 11Section 3362. 560.2055 (4) (title) and (a) of the statutes are renumbered
12238.16 (4) (title) and (a).
AB40-ASA1, s. 3363m 13Section 3363m. 560.2055 (4) (b) 1. of the statutes is renumbered 238.16 (4) (b)
141. and amended to read:
AB40-ASA1,1313,1915 238.16 (4) (b) 1. The department corporation may award to a person certified
16under sub. (2) tax benefits for each eligible employee in an amount equal to up to 10
17percent of the wages paid by the person to that employee or $10,000, whichever is
18less,
if that employee earned wages in the year for which the tax benefit is claimed
19equal to one of the following:
AB40-ASA1,1313,2120 a. In a tier I county or municipality, at least $20,000 but not more than
21$100,000
.
AB40-ASA1,1313,2322 b. In a tier II county or municipality, at least $30,000 but not more than
23$100,000
.
AB40-ASA1, s. 3365 24Section 3365. 560.2055 (4) (b) 2. and (c) of the statutes are renumbered 238.16
25(4) (b) 2. and (c) and amended to read:
AB40-ASA1,1314,4
1238.16 (4) (b) 2. The department corporation may award to a person certified
2under sub. (2) tax benefits in an amount to be determined by the department by rule
3corporation for costs incurred by the person to undertake the training activities
4described in sub. (3) (c).
AB40-ASA1,1314,75 (c) Subject to a reallocation by the department corporation pursuant to rules
6promulgated adopted under s. 560.205 238.215 (3) (d), the department corporation
7may allocate up to $5,000,000 in tax benefits under this section in any calendar year.
AB40-ASA1, s. 3366 8Section 3366. 560.2055 (5) of the statutes is renumbered 238.16 (5), and
9238.16 (5) (title), (a), (b), (c), (d), (e) and (f) (intro.) and 1. (intro.), as renumbered, are
10amended to read:
AB40-ASA1,1314,1311 238.16 (5) (title) Duties of the department corporation. (a) The department
12of commerce
corporation shall notify the department of revenue when the
13department of commerce corporation certifies a person to receive tax benefits.
AB40-ASA1,1314,1514 (b) The department of commerce corporation shall notify the department of
15revenue within 30 days of revoking a certification made under sub. (2).
AB40-ASA1,1314,1816 (c) The department corporation may require a person to repay any tax benefits
17the person claims for a year in which the person failed to maintain employment
18required by an agreement under sub. (2) (b).
AB40-ASA1,1314,2119 (d) The department corporation shall determine the maximum amount of the
20tax credits under ss. 71.07 (3q), 71.28 (3q), and 71.47 (3q) that a certified business
21may claim and shall notify the department of revenue of this amount.
AB40-ASA1,1314,2422 (e) The department corporation shall annually verify the information
23submitted to the department corporation by the person claiming tax benefits under
24ss. 71.07 (3q), 71.28 (3q), and 71.47 (3q).
AB40-ASA1,1315,3
1(f) (intro.) The department corporation shall promulgate adopt rules for the
2implementation and operation of this section, including rules relating to the
3following:
AB40-ASA1,1315,64 1. (intro.) The definitions of a tier I county or municipality and a tier II county
5or municipality. The department corporation may consider all of the following
6information when establishing the definitions required under this subdivision:
AB40-ASA1, s. 3367 7Section 3367. 560.2056 of the statutes is renumbered 93.54 and amended to
8read:
AB40-ASA1,1315,12 993.54 Food processing plant and food warehouse investment credit.
10(1) The department of commerce shall implement a program to certify taxpayers as
11eligible for the food processing plant and food warehouse investment credit under ss.
1271.07 (3rn), 71.28 (3rn), and 71.47 (3rn).
AB40-ASA1,1315,19 13(2) If the department of commerce certifies a taxpayer under sub. (1), the
14department of commerce shall determine the amount of credits to allocate to that
15taxpayer. The total amount of food processing plant and food warehouse investment
16credits allocated to taxpayers in fiscal year 2009-10 may not exceed $600,000 and
17the total amount of food processing plant and food warehouse investment credits
18allocated to taxpayers in fiscal year 2010-11, and in each fiscal year thereafter, may
19not exceed $700,000.
AB40-ASA1,1315,22 20(3) The department of commerce shall inform the department of revenue of
21every taxpayer certified under sub. (1) and the amount of credits allocated to the
22taxpayer.
AB40-ASA1,1315,24 23(4) The department of commerce, in consultation with the department of
24revenue, shall promulgate rules to administer this section.
AB40-ASA1, s. 3368
1Section 3368. 560.206 of the statutes is renumbered 41.155, and 41.155 (4),
2as renumbered, is amended to read:
AB40-ASA1,1316,43 41.155 (4) The department of commerce tourism, in consultation with the
4department of revenue, shall promulgate rules to administer this section.
AB40-ASA1, s. 3369 5Section 3369. 560.207 of the statutes is renumbered 93.535 and amended to
6read:
AB40-ASA1,1316,11 793.535 Dairy manufacturing facility investment credit. (1) The
8department of commerce shall implement a program to certify taxpayers, including
9taxpayers who are members of dairy cooperatives, as eligible for the dairy
10manufacturing facility investment credit under ss. 71.07 (3p), 71.28 (3p), and 71.47
11(3p).
AB40-ASA1,1316,23 12(2) If the department of commerce certifies a taxpayer under sub. (1), the
13department of commerce shall determine the amount of credits to allocate to that
14taxpayer. The total amount of dairy manufacturing facility investment credits
15allocated to taxpayers in fiscal year 2007-08 may not exceed $600,000 and the total
16amount of dairy manufacturing facility investment credits allocated to taxpayers
17who are not members of dairy cooperatives in fiscal year 2008-09, and in each fiscal
18year thereafter, may not exceed $700,000. The total amount of dairy manufacturing
19facility investment credits allocated to taxpayers who are members of dairy
20cooperatives in fiscal year 2009-10 may not exceed $600,000 and the total amount
21of dairy manufacturing facility investment credits allocated to taxpayers who are
22members of dairy cooperatives in fiscal year 2010-11, and in each fiscal year
23thereafter, may not exceed $700,000.
AB40-ASA1,1317,3
1(3) The department of commerce shall inform the department of revenue of
2every taxpayer certified under sub. (1) and the amount of credits allocated to the
3taxpayer.
AB40-ASA1,1317,5 4(4) The department of commerce, in consultation with the department of
5revenue, shall promulgate rules to administer this section.
AB40-ASA1, s. 3370 6Section 3370. 560.208 of the statutes is renumbered 93.545 and amended to
7read:
AB40-ASA1,1317,10 893.545 Meat processing facility investment credit. (1) The department
9of commerce shall implement a program to certify taxpayers as eligible for the meat
10processing facility investment credit under ss. 71.07 (3r), 71.28 (3r), and 71.47 (3r).
AB40-ASA1,1317,16 11(2) If the department of commerce certifies a taxpayer under sub. (1), the
12department of commerce shall determine the amount of credits to allocate to that
13taxpayer. The total amount of meat processing facility investment credits allocated
14to taxpayers in fiscal year 2009-10 may not exceed $300,000 and the total amount
15of meat processing facility investment credits allocated to taxpayers in fiscal year
162010-11, and in each fiscal year thereafter, may not exceed $700,000.
AB40-ASA1,1317,19 17(3) The department of commerce shall inform the department of revenue of
18every taxpayer certified under sub. (1) and the amount of credits allocated to the
19taxpayer.
AB40-ASA1,1317,21 20(4) The department of commerce, in consultation with the department of
21revenue, shall promulgate rules to administer this section.
AB40-ASA1, s. 3371 22Section 3371. 560.2085 of the statutes is renumbered 238.20, and 238.20 (1)
23(intro.), (2) and (3), as renumbered, are amended to read:
AB40-ASA1,1318,424 238.20 (1) (intro.) The department corporation shall implement a program to
25certify qualified new business ventures for purposes of s. 71.05 (24). A business

1desiring certification shall submit an application to the department corporation in
2each taxable year for which the business desires certification. Subject to sub. (2), a
3business may be certified under this subsection, and may maintain such
4certification, only if the business is engaged in one of the following:
AB40-ASA1,1318,9 5(2) The department corporation may not certify a business under sub. (1) if the
6business is engaged in real estate development, insurance, banking, lending,
7lobbying, political consultation, professional services provided by attorneys,
8accountants, business consultants, physicians, or health care consultants, wholesale
9or retail sales, leisure, hospitality, transportation, or construction.
AB40-ASA1,1318,12 10(3) (a) The department corporation shall maintain a list of businesses certified
11under sub. (1) and shall permit public access to the lists through the department's
12corporation's Internet Web site.
AB40-ASA1,1318,1513 (b) The department of commerce corporation shall notify the department of
14revenue of every certification issued under sub. (1) and the date on which a
15certification under sub. (1) is revoked or expires.
AB40-ASA1, s. 3372 16Section 3372. 560.209 of the statutes is renumbered 93.547 and amended to
17read:
AB40-ASA1,1318,21 1893.547 Woody biomass harvesting and processing credit. (1) The
19department of commerce shall implement a program to certify taxpayers as eligible
20for the woody biomass harvesting and processing credit under ss. 71.07 (3rm), 71.28
21(3rm), and 71.47 (3rm).
AB40-ASA1,1319,3 22(2) If the department of commerce certifies a taxpayer under sub. (1), the
23department of commerce shall determine the amount of credits to allocate to that
24taxpayer. The total amount of woody biomass harvesting and processing credits
25allocated to taxpayers in any fiscal year may not exceed $900,000. In each fiscal year,

1the department of commerce shall allocate $450,000 in tax credits to businesses that,
2individually, have no more than $5,000,000 in gross receipts from doing business in
3this state for the taxable year in which the credit is claimed.
AB40-ASA1,1319,6 4(3) The department of commerce shall inform the department of revenue of
5every taxpayer certified under sub. (1) and the amount of credits allocated to the
6taxpayer.
AB40-ASA1,1319,8 7(4) The department of commerce, in consultation with the department of
8revenue, shall promulgate rules to administer this section.
AB40-ASA1, s. 3373 9Section 3373. 560.21 of the statutes is repealed.
AB40-ASA1, s. 3374 10Section 3374. 560.25 of the statutes is repealed.
AB40-ASA1, s. 3375 11Section 3375. 560.255 of the statutes is repealed.
AB40-ASA1, s. 3376 12Section 3376. 560.27 of the statutes is repealed.
AB40-ASA1, s. 3377 13Section 3377. 560.275 of the statutes is repealed.
AB40-ASA1, s. 3378 14Section 3378. 560.276 of the statutes is repealed.
AB40-ASA1, s. 3379 15Section 3379. 560.277 of the statutes is repealed.
AB40-ASA1, s. 3380 16Section 3380. 560.28 of the statutes is repealed.
AB40-ASA1, s. 3380m 17Section 3380m. 560.285 (title) of the statutes is renumbered 101.934 (title).
AB40-ASA1, s. 3381 18Section 3381. 560.285 (1) of the statutes is repealed.
AB40-ASA1, s. 3381c 19Section 3381c. 560.285 (2) of the statutes is renumbered 101.934 (2).
AB40-ASA1, s. 3381f 20Section 3381f. 560.285 (3) of the statutes is renumbered 101.934 (3) and
21amended to read:
AB40-ASA1,1320,322 101.934 (3) Administration. The department shall contract with one or more
23entities that are exempt from taxation under section 501 (a) of the Internal Revenue
24Code and that employ individuals with technical expertise concerning manufactured
25housing for the administration of the grant program under this section. The

1department shall promulgate rules to establish the grant program under this
2section. To the extent feasible, the department shall coordinate the program under
3this section with the state housing strategy plan under s. 560.9802 16.302.
AB40-ASA1, s. 3382 4Section 3382. 560.29 of the statutes is repealed.
AB40-ASA1, s. 3383 5Section 3383. Subchapter II (title) of chapter 560 [precedes 560.30] of the
6statutes is repealed.
AB40-ASA1, s. 3384 7Section 3384. 560.30 of the statutes is repealed.
AB40-ASA1, s. 3385 8Section 3385. 560.301 of the statutes is repealed.
AB40-ASA1, s. 3386 9Section 3386. 560.302 of the statutes is repealed.
AB40-ASA1, s. 3387 10Section 3387. 560.303 of the statutes is repealed.
AB40-ASA1, s. 3388 11Section 3388. 560.304 of the statutes is repealed.
AB40-ASA1, s. 3389 12Section 3389. 560.305 of the statutes is repealed.
AB40-ASA1, s. 3390 13Section 3390. Subchapter III (title) of chapter 560 [precedes 560.41] of the
14statutes is repealed.
AB40-ASA1, s. 3391 15Section 3391. 560.41 of the statutes is repealed.
AB40-ASA1, s. 3392 16Section 3392. 560.42 of the statutes is repealed.
AB40-ASA1, s. 3393 17Section 3393. 560.43 of the statutes is repealed.
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