AB100-ASA1, s. 3117 10Section 3117. 560.73 (1) (e) of the statutes is amended to read:
AB100-ASA1,1735,1211 560.73 (1) (e) The effect of making the area a development zone on full-time
12jobs available to the targeted population.
AB100-ASA1, s. 3118 13Section 3118. 560.735 (6r) of the statutes is created to read:
AB100-ASA1,1735,1814 560.735 (6r) Subject to the population limit under sub. (6m), if an area that is
15nominated or designated as a development zone is comprised of one or more entire
16counties and a city, village or town is partially located in the area and partially
17located outside of the area, the entire city, village or town shall be part of the
18nominated or designated area.
AB100-ASA1, s. 3119 19Section 3119. 560.745 (1) (b) of the statutes is amended to read:
AB100-ASA1,1735,2320 560.745 (1) (b) The local governing body may apply to the department for up
21to 3 5 12-month extensions of the designation. The department shall promulgate
22rules establishing criteria for approving an extension of a designation of an area as
23a development zone under this subsection.
AB100-ASA1, s. 3120 24Section 3120. 560.745 (2) (a) of the statutes is amended to read:
AB100-ASA1,1736,3
1560.745 (2) (a) When the department designates a development zone under s.
2560.71, it shall establish a limit for tax benefits for the development zone determined
3by allocating to the development zone a portion of $28,155,000 $33,155,000.
AB100-ASA1, s. 3121 4Section 3121. 560.745 (2) (am) of the statutes is amended to read:
AB100-ASA1,1736,75 560.745 (2) (am) Notwithstanding par. (a), the department may increase the
6established limit for tax benefits for a development zone that was designated before
7April 25, 1996, by no more than $500,000.
AB100-ASA1, s. 3122 8Section 3122. 560.745 (2) (c) 1. of the statutes is amended to read:
AB100-ASA1,1736,119 560.745 (2) (c) 1. Ninety days after the day on which the department
10determines that the foregone tax revenues under par. (b) will equal or exceed the
11limit for the development zone established under par. (a) or (am).
AB100-ASA1, s. 3123 12Section 3123. 560.75 (8) of the statutes is amended to read:
AB100-ASA1,1736,1613 560.75 (8) Verify Annually verify information submitted to the department
14under ss. s. 71.07 (2di) (d) 2., (2dj) (e) 3., (2dL) (f) and (2ds) (d) 2. (2dx), 71.28 (1di)
15(d) 2., (1dj) (e) 3., (1dL) (f), (1ds) (d) 2. and (4) (am) and
(1dx) or 71.47 (1di) (d) 2., (1dj)
16(e) 3., (1dL) (f), (1ds) (d) 2. and (4) (am)
(1dx).
AB100-ASA1, s. 3124 17Section 3124. 560.75 (9) of the statutes is repealed.
AB100-ASA1, s. 3125 18Section 3125. 560.765 (3) (c) of the statutes is amended to read:
AB100-ASA1,1736,2119 560.765 (3) (c) The number of full-time jobs that will be created, retained or
20substantially upgraded as a result of the person's economic activity in relation to the
21amount of tax benefits estimated for the person under sub. (4).
AB100-ASA1, s. 3126 22Section 3126. 560.765 (3) (i) of the statutes is repealed.
AB100-ASA1, s. 3127 23Section 3127. 560.765 (5) (e) of the statutes is amended to read:
AB100-ASA1,1737,3
1560.765 (5) (e) The estimated number of full-time jobs that will be created,
2retained or significantly upgraded in the development zone because of the person's
3business.
AB100-ASA1, s. 3128 4Section 3128. 560.765 (5) (f) of the statutes is amended to read:
AB100-ASA1,1737,75 560.765 (5) (f) An estimate of the number or percentage of full-time jobs
6described in par. (e) that are or will likely be held by members of the targeted
7population.
AB100-ASA1, s. 3129 8Section 3129. 560.768 (1) (a) of the statutes is amended to read:
AB100-ASA1,1737,139 560.768 (1) (a) The department shall establish a limit on the maximum amount
10of tax benefits a person certified under s. 560.765 (3) may claim while an area is
11designated as a development zone. The limit may specify a minimum amount of the
12total tax benefits that may be used exclusively for the credits under ss. 71.07 (2dj),
1371.28 (1dj) and 71.47 (1dj), subject to s. 560.75 (9)
.
AB100-ASA1, s. 3130 14Section 3130. 560.768 (1) (b) 2. of the statutes is amended to read:
AB100-ASA1,1737,1915 560.768 (1) (b) 2. Establish a limit which does not greatly exceed a
16recommended limit, established under rules promulgated by the department based
17on the cost, number and types of full-time jobs that will be created, retained or
18upgraded, including full-time jobs available to members of the targeted population,
19as a result of the economic activity of the person certified under s. 560.765 (3).
AB100-ASA1, s. 3131 20Section 3131. 560.78 (1) (a) of the statutes is amended to read:
AB100-ASA1,1737,2221 560.78 (1) (a) Result in the direct loss of full-time jobs at another of the person's
22business locations in this state outside of the development zone.
AB100-ASA1, s. 3132 23Section 3132. 560.78 (2) (a) of the statutes is amended to read:
AB100-ASA1,1738,3
1560.78 (2) (a) The total number of full-time jobs provided by the person in this
2state would be reduced if the person were not certified under s. 560.765 (3) or if the
3person's certification were revoked.
AB100-ASA1, s. 3133 4Section 3133. 560.78 (3) (b) of the statutes is amended to read:
AB100-ASA1,1738,95 560.78 (3) (b) Only the department may determine whether sub. (2) (a) or (b)
6applies to a business relocation described in par. (a) if the business relocation would
7likely result in the loss of full-time jobs at or transfer of employes from a business
8location that is in this state but outside the limits of any city, village, town or federally
9recognized American Indian reservation in which the development zone is located.
AB100-ASA1, s. 3134 10Section 3134. 560.785 of the statutes is created to read:
AB100-ASA1,1738,14 11560.785 Rules on eligibility for tax benefits. (1) For the development zone
12program under ss. 560.70 to 560.78 and the enterprise development zone program
13under s. 560.797, the department shall promulgate rules that further define a
14person's eligibility for tax benefits. The rules shall do at least all of the following:
AB100-ASA1,1738,1615 (a) Limit a person's eligibility to claim tax benefits for retaining full-time jobs
16to those jobs that likely would not have been retained but for the tax benefits.
AB100-ASA1,1738,1917 (b) Allow a person to claim up to $6,500 in tax benefits during the time that an
18area is designated as a development zone or as an enterprise development zone for
19any of the following:
AB100-ASA1,1738,2020 1. Creating a full-time job that is filled by a member of the target population.
AB100-ASA1,1738,2121 2. Retaining a full-time job that is filled by a member of the target population.
AB100-ASA1,1738,2422 (c) Allow a person to claim up to $4,000 in tax benefits during the time that an
23area is designated as a development zone or as an enterprise development zone for
24any of the following:
AB100-ASA1,1739,2
11. Creating a full-time job that is filled by an individual who is not a member
2of the target population.
AB100-ASA1,1739,43 2. Retaining a full-time job that is filled by an individual who is not a member
4of the target population.
AB100-ASA1,1739,65 (d) Require at least 25% of the tax benefits claimed by a person to be based on
6creating or retaining full-time jobs.
AB100-ASA1,1739,97 (e) Require at least one-third of the tax benefits claimed by a person that are
8based on creating or retaining full-time jobs to be based on creating or retaining
9full-time jobs that are filled by members of the target population.
AB100-ASA1,1739,1110 (f) Specify how long a full-time job that is created or retained by a person must
11be maintained in order for the person to claim tax benefits for the full-time job.
AB100-ASA1,1739,1312 (g) Generally provide incentives for the retention of employes filling full-time
13jobs upon which tax benefits are based.
AB100-ASA1,1739,15 14(2) The department may by rule specify circumstances under which the
15department may grant exceptions to any of the following:
AB100-ASA1,1739,1616 (a) The requirements specified under sub. (1) (d) and (e).
AB100-ASA1,1739,1817 (b) The requirement under ss. 560.70 (2m) and 560.797 (1) (am) that an
18individual's pay must equal at least 150% of the federal minimum wage.
AB100-ASA1, s. 3135 19Section 3135. 560.795 (3) (b) 6. of the statutes is amended to read:
AB100-ASA1,1739,2220 560.795 (3) (b) 6. The number of full-time jobs that will be created, retained
21or substantially upgraded as a result of the corporation's economic activity in
22relation to the amount of tax benefits estimated for the corporation.
AB100-ASA1, s. 3136 23Section 3136. 560.795 (3) (d) of the statutes is amended to read:
AB100-ASA1,1740,3
1560.795 (3) (d) The department annually shall verify information submitted
2to the department under s. 71.07 (2dx), 71.28 (1di) (d) 2., (1dj) (e) 3., (1dL) (f), (1ds)
3(d) 2. and (4) (am)
(1dx) or 71.47 (1dx).
AB100-ASA1, s. 3137 4Section 3137. 560.797 (1) (am) of the statutes is created to read:
AB100-ASA1,1740,55 560.797 (1) (am) "Full-time job" has the meaning given in s. 560.70 (2m).
AB100-ASA1, s. 3138 6Section 3138. 560.797 (2) (b) 4. of the statutes is amended to read:
AB100-ASA1,1740,87 560.797 (2) (b) 4. The number of full-time jobs that are likely to be created as
8a result of the project.
AB100-ASA1, s. 3139 9Section 3139. 560.797 (2) (b) 5. of the statutes is amended to read:
AB100-ASA1,1740,1110 560.797 (2) (b) 5. The number of full-time jobs that are likely to be available
11to the target population as a result of the project.
AB100-ASA1, s. 3140 12Section 3140. 560.797 (3) (b) 6. of the statutes is amended to read:
AB100-ASA1,1740,1513 560.797 (3) (b) 6. The estimated number of full-time jobs that will be created,
14retained or substantially upgraded as a result of the person's project in relation to
15the amount of tax benefits estimated for the person.
AB100-ASA1, s. 3141 16Section 3141. 560.797 (3) (b) 8. of the statutes is amended to read:
AB100-ASA1,1740,1817 560.797 (3) (b) 8. The estimated number of full-time jobs that will be filled by
18members of the target population.
AB100-ASA1, s. 3142 19Section 3142. 560.797 (3) (b) 9. of the statutes is repealed.
AB100-ASA1, s. 3143 20Section 3143. 560.797 (4) (g) of the statutes is created to read:
AB100-ASA1,1740,2221 560.797 (4) (g) The department annually shall verify information submitted
22to the department under s. 71.07 (2dx), 71.28 (1dx) or 71.47 (1dx).
AB100-ASA1, s. 4532p 23Section 4532p. 560.80 (5) of the statutes is amended to read:
AB100-ASA1,1740,2524 560.80 (5) "Eligible recipient" means a person who is eligible to receive a grant
25under s. 560.82 (5) or 560.837 or a grant or loan under s. 560.83 (5) or 560.835.
AB100-ASA1, s. 4532r
1Section 4532r. 560.80 (5m) of the statutes is created to read:
AB100-ASA1,1741,32 560.80 (5m) "Finance project" means financial assistance to a minority group
3member or a minority business described in s. 560.837.
AB100-ASA1, s. 3144 4Section 3144. 560.80 (6) of the statutes is amended to read:
AB100-ASA1,1741,95 560.80 (6) "Job" means a regular, nonseasonal full-time position providing
6full-time equivalent employment for one individual for one year, beginning after a
7project is completed
in which an individual, as a condition of employment, is required
8to work at least 2,080 hours per year, including paid leave and holidays. "Job" does
9not include initial training before an employment position begins
.
AB100-ASA1, s. 3145 10Section 3145. 560.80 (11) of the statutes is amended to read:
AB100-ASA1,1741,1211 560.80 (11) "Project" means a development project, a recycling development
12project or, an early planning project , a finance project or a revolving fund project.
AB100-ASA1, s. 4534m 13Section 4534m. 560.81 (4) of the statutes is created to read:
AB100-ASA1,1741,1414 560.81 (4) The board awards a grant to the eligible recipient under s. 560.837.
AB100-ASA1, s. 3146 15Section 3146. 560.82 (4) (a) (intro.) of the statutes is amended to read:
AB100-ASA1,1741,1716 560.82 (4) (a) (intro.) Award in a fiscal biennium, for grants under sub. (1), more
17than 10% 25% of the total of all of the following:
AB100-ASA1, s. 3147 18Section 3147. 560.83 (title) of the statutes is amended to read:
AB100-ASA1,1741,20 19560.83 (title) Minority business development and revolving fund
20grants and loans.
AB100-ASA1, s. 3148 21Section 3148. 560.83 (2) (a) of the statutes is renumbered 560.83 (2) (a) (intro.)
22and amended to read:
AB100-ASA1,1741,2423 560.83 (2) (a) (intro.) The local development corporation agrees to use the
24proceeds of grants or loans under this section to for any of the following:
AB100-ASA1,1742,2
11. To make grants or loans not exceeding $50,000 each to eligible recipients to
2fund eligible project development project costs.
AB100-ASA1, s. 3149 3Section 3149. 560.83 (2) (a) 2. of the statutes is created to read:
AB100-ASA1,1742,64 560.83 (2) (a) 2. To create, expand or continue a revolving fund program that
5is operated by the local development corporation and that benefits or will benefit
6minority businesses or minority group members who are residents of this state.
AB100-ASA1, s. 3150 7Section 3150. 560.83 (2) (b) of the statutes is repealed and recreated to read:
AB100-ASA1,1742,108 560.83 (2) (b) The local development corporation agrees to use factors similar
9to those described in s. 560.84 (1) (a) to (k) and (2) (a) to (f) when making grants or
10loans under par. (a) 1. or under a revolving fund program under par. (a) 2.
AB100-ASA1, s. 3151 11Section 3151. 560.83 (3) of the statutes is amended to read:
AB100-ASA1,1742,1412 560.83 (3) The board may not award a grant or loan under sub. (1) or (2) unless
13the eligible recipient or the local development corporation submits an application,
14or other materials, in a form specified by the department by rule.
AB100-ASA1, s. 3152 15Section 3152. 560.83 (4) of the statutes is renumbered 560.83 (4) (a) and
16amended to read:
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