LRB-1356/P1
MPG:cdc
2019 - 2020 LEGISLATURE
DOA:......Quinn, BB0199 - WEDC Credit Repayment to DOA
For 2019-2021 Budget -- Not Ready For Introduction
An Act ...; relating to: the budget.
Analysis by the Legislative Reference Bureau
commerce and economic development
Economic development
1. Repayment of tax credits
Under this bill, no later than seven days after WEDC receives a repayment of tax credits, WEDC must remit the full amount of the payment to the secretary of administration for deposit in the general fund.
For further information see the state fiscal estimate, which will be printed as an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
Section
1. 238.117 of the statutes is created to read:
238.117 Repayment of tax credits. No later than 7 days after the corporation receives a repayment of tax credits under this chapter, the corporation shall remit the full amount of that payment to the secretary of administration for deposit in the general fund.
(End)
