SB77-SSA1,1731,95
560.60
(10) "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.
SB77-SSA1,1731,1211
560.605
(1) (e) 1. Except as provided under
subd. 2. and s. 560.68 (6), not less
12than 25% of the cost of the project.
SB77-SSA1,1731,1615
560.605
(1) (f) The project meets all criteria set forth in s. 560.62,
560.625, 16560.63, 560.65 or 560.66, whichever is appropriate.
SB77-SSA1,1731,2018
560.605
(1) (g) Funds from the grant or loan under
ss. s. 560.62,
560.625, 19560.63, 560.65
and or 560.66 will not be used to pay overhead costs, except as
20provided in s. 560.65 (1m) (b), or to replace funds from any other source.
SB77-SSA1, s. 4487
21Section
4487. 560.605 (2) (intro.) of the statutes is amended to read:
SB77-SSA1,1731,2422
560.605
(2) (intro.) The board shall consider all of the following before
23awarding a grant or loan to an eligible recipient for a project under
ss. s. 560.62,
24560.625, 560.63 or 560.66:
SB77-SSA1, s. 4488
25Section
4488. 560.605 (2m) (intro.) of the statutes is amended to read:
SB77-SSA1,1732,3
1560.605
(2m) (intro.) When considering whether a project under
ss. s. 560.62,
2560.625, 560.63 or 560.66 will be located in a targeted area, the board shall consider
3all of the following:
SB77-SSA1,1732,65
560.605
(6) The board shall give priority for grants or loans under this section
6for projects related to brownfields redevelopment.
SB77-SSA1,1732,118
560.61
(1) Make a grant or loan to an eligible recipient for a project that meets
9the criteria for funding under s. 560.605 (1) and (2) and under s. 560.62,
560.625, 10560.63, 560.65 or 560.66, whichever is appropriate, from the appropriations under
11s. 20.143 (1) (c), (cb), (ie), (s) and (sm).
SB77-SSA1,1732,1513
560.61
(3) Make a
loan grant under s. 560.16 from the appropriations under
14s. 20.143 (1) (c) and (ie) if the board determines that the
loan grant meets the
15requirements of s. 560.16.
SB77-SSA1,1732,2517
560.62
(1) (b) A technology development loan to a business to provide working
18capital or fixed asset financing for the development of the infrastructure of the
19business or for the initial commercialization of
the
a new industrial product or
20process
if the business received a technology development grant or loan under par.
21(a) and if the research that was funded by the grant or loan under par. (a) resulted
22in the successful development of a new, or the improvement of an existing, industrial
23product or process. A business that receives a loan under this paragraph may use
24the proceeds only to pay costs related to the production, marketing or sales of
the a 25new or improved
industrial product or process.
SB77-SSA1,1733,134
560.63
(1) The board may award a grant or loan under s. 560.61 to a business
5to fund a labor training program that provides state residents with job training in
6new technology, industrial skills or manufacturing processes
or that are new to the
7business and in which advances have been made, as determined by the board, or with
8job training in other employment-related skills or techniques in which advances
9have been made
, as determined by the board, in order to meet the staffing needs of
10a the business
,. The board may not award a grant or loan to fund a labor training
11program if the training is
not available fairly readily available, in the board's
12determination, through existing federal, state or local resources except as provided
13in sub. (4).
SB77-SSA1,1733,1815
560.63
(4) The contribution required under s. 560.605 (1) (e)
2. may consist of
16funding or of in-kind contributions. Not more than 20% of the contribution of a
17business may consist of funding which the business receives under the federal job
18training partnership act,
29 USC 1501 to
1781.
SB77-SSA1, s. 4498
20Section
4498. 560.66 (1) (intro.) of the statutes is amended to read:
SB77-SSA1,1733,2421
560.66
(1) (intro.) The board may award grants and loans under s. 560.61 to
22eligible recipients for any project that is not eligible for a grant or loan under
ss. s. 23560.62
, 560.625 or 560.63, if the board determines that the project is a major
24economic development project and considers all of the following:
SB77-SSA1,1734,5
1560.68
(3) The department may charge a grant or loan recipient an origination
2fee of up to 1.5% of the grant or loan amount if the grant or loan exceeds $200,000
3and is awarded under s. 560.63 or 560.66. The department shall deposit all
4origination fees collected under this subsection in the appropriation account under
5s. 20.143 (1) (gm).
SB77-SSA1,1734,117
560.68
(8) At least 10 days before a grant or loan awarded under this
8subchapter is presented to the eligible recipient of the grant or loan, the department
9shall notify the senator for the senate district, and the representative to the assembly
10for the assembly district, in which the eligible recipient is located of the date, time
11and location of the presentation of the grant or loan.
SB77-SSA1,1734,1813
560.70
(2m) "Full-time job" means a regular, nonseasonal full-time position
14in which an individual, as a condition of employment, is required to work at least
152,080 hours per year, including paid leave and holidays, and for which the individual
16receives pay that is equal to at least 150% of the federal minimum wage and benefits
17that are not required by federal or state law. "Full-time job" does not include initial
18training before an employment position begins.
SB77-SSA1,1734,2220
560.70
(6) "Target population" means persons who are members of targeted
21groups for the purposes of the credit under ss. 71.07
(2dj) (2dx), 71.28
(1dj) (1dx) and
2271.47
(1dj) (1dx).
SB77-SSA1, s. 4502
23Section
4502. 560.70 (7) of the statutes is repealed and recreated to read:
SB77-SSA1,1734,2524
560.70
(7) "Tax benefits" means the development zones credit under ss. 71.07
25(2dx), 71.28 (1dx) and 71.47 (1dx)
.
SB77-SSA1,1735,32
560.71
(1m) (d) The number of
full-time jobs that are likely to be created or
3retained in the area as a result of its designation as a development zone.
SB77-SSA1,1735,65
560.71
(1m) (e) The number of
full-time jobs that are likely to be available to
6the target population as a result of the designation of the area as a development zone.
SB77-SSA1,1735,98
560.72
(2) (h) An assessment of the effect of making the area a development
9zone on
full-time jobs available to the targeted population.
SB77-SSA1,1735,1211
560.73
(1) (e) The effect of making the area a development zone on
full-time 12jobs available to the targeted population.
SB77-SSA1,1735,1814
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.
SB77-SSA1,1735,2320
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.
SB77-SSA1,1736,3
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.
SB77-SSA1,1736,75
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.
SB77-SSA1,1736,119
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).
SB77-SSA1,1736,1613
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).
SB77-SSA1,1736,2119
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).
SB77-SSA1,1737,3
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.
SB77-SSA1,1737,75
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.
SB77-SSA1,1737,139
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).
SB77-SSA1,1737,1915
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).
SB77-SSA1,1737,2221
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.
SB77-SSA1,1738,3
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.
SB77-SSA1,1738,95
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.
SB77-SSA1,1738,14
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:
SB77-SSA1,1738,1615
(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.
SB77-SSA1,1738,1917
(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:
SB77-SSA1,1738,2020
1. Creating a full-time job that is filled by a member of the target population.
SB77-SSA1,1738,2121
2. Retaining a full-time job that is filled by a member of the target population.
SB77-SSA1,1738,2422
(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:
SB77-SSA1,1739,2
11. Creating a full-time job that is filled by an individual who is not a member
2of the target population.
SB77-SSA1,1739,43
2. Retaining a full-time job that is filled by an individual who is not a member
4of the target population.
SB77-SSA1,1739,65
(d) Require at least 25% of the tax benefits claimed by a person to be based on
6creating or retaining full-time jobs.
SB77-SSA1,1739,97
(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.
