LRB-1028/1
CTS:jld:md
2011 - 2012 LEGISLATURE
January 14, 2011 - Introduced by Senators Galloway, Harsdorf, Lasee, Holperin
and Moulton, cosponsored by Representatives Rivard, Williams, Severson,
Ripp, Steineke, Krug, A. Ott, Bies, LeMahieu, Petrowski, Tranel, Spanbauer,
Ballweg, Mursau, Brooks
and Kestell. Referred to Committee on Financial
Institutions and Rural Issues.
SB4,1,4 1An Act to amend 560.799 (3) (a) and 560.799 (5) (d) (intro.); and to create
2560.799 (3) (d) of the statutes; relating to: authorizing the designation of
3additional enterprise zones and requiring the designation of enterprise zones
4in rural areas.
Analysis by the Legislative Reference Bureau
Under current law, the Department of Commerce (Commerce) may designate
an area as an enterprise zone. Commerce must consider a number of factors related
to the area prior to designating the area as an enterprise zone, including indicators
of the area's economic need and whether designation as an enterprise zone would
promote the retention of jobs in the area. A taxpayer who creates or retains jobs in
an enterprise zone may claim certain credits against state income and franchise
taxes. Currently, Commerce may designate no more than 12 enterprise zones. This
bill permits Commerce to designate a total of 16 enterprise zones.
In determining whether to designate an area an enterprise zone, current law
requires Commerce to consider specified indicators of the area's economic need and
specified indicators of the effect of designation on other initiatives and programs to
promote economic and community development in the area. Current law also
requires Commerce to give preference to the greatest economic need. This bill
requires Commerce to designate two additional enterprise zones in political
subdivisions with populations of less than 5,000 and two additional enterprise zones
in political subdivisions with populations between 5,000 and 29,999 (rural zones),
notwithstanding the current factors Commerce must consider.

Currently, a business that retains jobs in an enterprise zone is eligible for tax
credits if the business makes a significant capital investment in property located in
the enterprise zone and at least one of the following applies: 1) the business is an
original equipment manufacturer with a significant supply chain in the state; or 2)
the business has more than 500 full-time employees in the enterprise zone. Under
the bill, a business that retains jobs in a rural zone and makes a significant capital
investment in property located in the rural zone is eligible for tax credits; no
additional showing is required.
For further information see the state and local 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:
SB4, s. 1 1Section 1. 560.799 (3) (a) of the statutes is amended to read:
SB4,2,32 560.799 (3) (a) The department may designate not more than 12 16 enterprise
3zones.
SB4, s. 2 4Section 2. 560.799 (3) (d) of the statutes is created to read:
SB4,2,85 560.799 (3) (d) Notwithstanding pars. (b) and (c), the department shall
6designate as enterprise zones at least 2 areas in political subdivisions with
7populations of less than 5,000 and at least 2 areas in political subdivisions with
8populations of 5,000 or more but less than 30,000.
SB4, s. 3 9Section 3. 560.799 (5) (d) (intro.) of the statutes is amended to read:
SB4,2,1310 560.799 (5) (d) (intro.) A business that retains jobs in an enterprise zone, but
11only if the business makes a significant capital investment in property located in the
12enterprise zone and, unless the property is located in an enterprise zone designated
13under sub. (3) (d),
at least one of the following applies:
SB4,2,1414 (End)
Loading...
Loading...