AB100,1731,9
1560.62
(1) (b) A technology development loan to a business to provide working
2capital or fixed asset financing for the development of the infrastructure of the
3business or for the initial commercialization of
the
a new industrial product or
4process
if the business received a technology development grant or loan under par.
5(a) and if the research that was funded by the grant or loan under par. (a) resulted
6in the successful development of a new, or the improvement of an existing, industrial
7product or process. A business that receives a loan under this paragraph may use
8the proceeds only to pay costs related to the production, marketing or sales of
the a 9new or improved
industrial product or process.
AB100, s. 4494
10Section
4494. 560.62 (3) of the statutes is repealed.
AB100, s. 4496
12Section
4496. 560.63 (1) of the statutes is amended to read:
AB100,1731,2213
560.63
(1) The board may award a grant or loan under s. 560.61 to a business
14to fund a labor training program that provides state residents with job training in
15new technology, industrial skills or manufacturing processes
or that are new to the
16business and in which advances have been made, as determined by the board, or with
17job training in other employment-related skills or techniques in which advances
18have been made
, as determined by the board, in order to meet the staffing needs of
19a the business
,. The board may not award a grant or loan to fund a labor training
20program if the training is
not available fairly readily available, in the board's
21determination, through existing federal, state or local resources except as provided
22in sub. (4).
AB100, s. 4497
23Section
4497. 560.63 (4) of the statutes is amended to read:
AB100,1732,224
560.63
(4) The contribution required under s. 560.605 (1) (e)
2. may consist of
25funding or of in-kind contributions. Not more than 20% of the contribution of a
1business may consist of funding which the business receives under the federal job
2training partnership act,
29 USC 1501 to
1781.
AB100, s. 4498
3Section
4498. 560.66 (1) (intro.) of the statutes is amended to read:
AB100,1732,74
560.66
(1) (intro.) The board may award grants and loans under s. 560.61 to
5eligible recipients for any project that is not eligible for a grant or loan under
ss. s.
6560.615, 560.62
, 560.625 or 560.63, if the board determines that the project is a major
7economic development project and considers all of the following:
AB100, s. 4499
8Section
4499. 560.68 (3) of the statutes is created to read:
AB100,1732,139
560.68
(3) The department may charge a grant or loan recipient an origination
10fee of up to 1.5% of the grant or loan amount if the grant or loan exceeds $200,000
11and is awarded under s. 560.63 or 560.66. The department shall deposit all
12origination fees collected under this subsection in the appropriation account under
13s. 20.143 (1) (gm).
AB100, s. 4500
14Section
4500. 560.70 (2m) of the statutes is created to read:
AB100,1732,2015
560.70
(2m) "Full-time job" means a regular, nonseasonal full-time position
16in which an individual, as a condition of employment, is required to work at least
172,080 hours per year, including paid leave and holidays, and for which the individual
18receives pay that is equal to at least 150% of the federal minimum wage and benefits
19that are not required by federal or state law. "Full-time job" does not include initial
20training before an employment position begins.
AB100, s. 4501
21Section
4501. 560.70 (6) of the statutes is amended to read:
AB100,1732,2422
560.70
(6) "Target population" means persons who are members of targeted
23groups for the purposes of the credit under ss. 71.07
(2dj) (2dx), 71.28
(1dj) (1dx) and
2471.47
(1dj) (1dx).
AB100, s. 4502
25Section
4502. 560.70 (7) of the statutes is repealed and recreated to read:
AB100,1733,2
1560.70
(7) "Tax benefits" means the development zones credit under ss. 71.07
2(2dx), 71.28 (1dx) and 71.47 (1dx)
.
AB100, s. 4503
3Section
4503. 560.71 (1m) (d) of the statutes is amended to read:
AB100,1733,54
560.71
(1m) (d) The number of
full-time jobs that are likely to be created or
5retained in the area as a result of its designation as a development zone.
AB100, s. 4504
6Section
4504. 560.71 (1m) (e) of the statutes is amended to read:
AB100,1733,87
560.71
(1m) (e) The number of
full-time jobs that are likely to be available to
8the target population as a result of the designation of the area as a development zone.
AB100, s. 4505
9Section
4505. 560.72 (2) (h) of the statutes is amended to read:
AB100,1733,1110
560.72
(2) (h) An assessment of the effect of making the area a development
11zone on
full-time jobs available to the targeted population.
AB100, s. 4506
12Section
4506. 560.73 (1) (e) of the statutes is amended to read:
AB100,1733,1413
560.73
(1) (e) The effect of making the area a development zone on
full-time 14jobs available to the targeted population.
AB100, s. 4507
15Section
4507. 560.735 (6r) of the statutes is created to read:
AB100,1733,2016
560.735
(6r) Subject to the population limit under sub. (6m), if an area that is
17nominated or designated as a development zone is comprised of one or more entire
18counties and a city, village or town is partially located in the area and partially
19located outside of the area, the entire city, village or town shall be part of the
20nominated or designated area.
AB100, s. 4508
21Section
4508. 560.745 (1) (b) of the statutes is amended to read:
AB100,1733,2522
560.745
(1) (b) The local governing body may apply to the department for up
23to
3 5 12-month extensions of the designation. The department shall promulgate
24rules establishing criteria for approving an extension of a designation of an area as
25a development zone under this subsection.
AB100, s. 4509
1Section
4509. 560.745 (2) (a) of the statutes is amended to read:
AB100,1734,42
560.745
(2) (a) When the department designates a development zone under s.
3560.71, it shall establish a limit for tax benefits for the development zone determined
4by allocating to the development zone a portion of
$28,155,000 $33,155,000.
AB100, s. 4510
5Section
4510. 560.745 (2) (am) of the statutes is amended to read:
AB100,1734,86
560.745
(2) (am) Notwithstanding par. (a), the department may increase the
7established limit for tax benefits for a development zone
that was designated before 8April 25, 1996, by no more than $500,000.
AB100, s. 4511
9Section
4511. 560.745 (2) (c) 1. of the statutes is amended to read:
AB100,1734,1210
560.745
(2) (c) 1. Ninety days after the day on which the department
11determines that the foregone tax revenues under par. (b) will equal or exceed the
12limit for the development zone established under par. (a)
or (am).
AB100, s. 4512
13Section
4512. 560.75 (8) of the statutes is amended to read:
AB100,1734,1714
560.75
(8) Verify Annually verify information submitted to the department
15under
ss. s. 71.07
(2di) (d) 2., (2dj) (e) 3., (2dL) (f) and (2ds) (d) 2. (2dx), 71.28
(1di)
16(d) 2., (1dj) (e) 3., (1dL) (f), (1ds) (d) 2. and (4) (am) and
(1dx) or 71.47
(1di) (d) 2., (1dj)
17(e) 3., (1dL) (f), (1ds) (d) 2. and (4) (am) (1dx).
AB100, s. 4513
18Section
4513. 560.75 (9) of the statutes is repealed.
AB100, s. 4514
19Section
4514. 560.765 (3) (c) of the statutes is amended to read:
AB100,1734,2220
560.765
(3) (c) The number of
full-time jobs that will be created, retained or
21substantially upgraded as a result of the person's economic activity in relation to the
22amount of tax benefits estimated for the person under sub. (4).
AB100, s. 4515
23Section
4515. 560.765 (3) (i) of the statutes is repealed.
AB100, s. 4516
24Section
4516. 560.765 (5) (e) of the statutes is amended to read:
AB100,1735,3
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, s. 4517
4Section
4517. 560.765 (5) (f) of the statutes is amended to read:
AB100,1735,75
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, s. 4518
8Section
4518. 560.768 (1) (a) of the statutes is amended to read:
AB100,1735,139
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, s. 4519
14Section
4519. 560.768 (1) (b) 2. of the statutes is amended to read:
AB100,1735,1915
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, s. 4520
20Section
4520. 560.78 (1) (a) of the statutes is amended to read:
AB100,1735,2221
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, s. 4521
23Section
4521. 560.78 (2) (a) of the statutes is amended to read:
AB100,1736,3
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, s. 4522
4Section
4522. 560.78 (3) (b) of the statutes is amended to read:
AB100,1736,95
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, s. 4523
10Section
4523. 560.785 of the statutes is created to read:
AB100,1736,14
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:
AB100,1736,1615
(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.
AB100,1736,1917
(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:
AB100,1736,2020
1. Creating a full-time job that is filled by a member of the target population.
AB100,1736,2121
2. Retaining a full-time job that is filled by a member of the target population.
AB100,1736,2422
(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:
AB100,1737,2
11. Creating a full-time job that is filled by an individual who is not a member
2of the target population.
AB100,1737,43
2. Retaining a full-time job that is filled by an individual who is not a member
4of the target population.
AB100,1737,65
(d) Require at least 25% of the tax benefits claimed by a person to be based on
6creating or retaining full-time jobs.
AB100,1737,97
(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.
AB100,1737,1110
(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.
AB100,1737,1312
(g) Generally provide incentives for the retention of employes filling full-time
13jobs upon which tax benefits are based.
AB100,1737,15
14(2) The department may by rule specify circumstances under which the
15department may grant exceptions to any of the following:
AB100,1737,1616
(a) The requirements specified under sub. (1) (d) and (e).
AB100,1737,1817
(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, s. 4524
19Section
4524. 560.795 (3) (b) 6. of the statutes is amended to read:
AB100,1737,2220
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, s. 4525
23Section
4525. 560.795 (3) (d) of the statutes is amended to read:
AB100,1738,3
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, s. 4526
4Section
4526. 560.797 (1) (am) of the statutes is created to read:
AB100,1738,55
560.797
(1) (am) "Full-time job" has the meaning given in s. 560.70 (2m).
AB100, s. 4527
6Section
4527. 560.797 (2) (b) 4. of the statutes is amended to read:
AB100,1738,87
560.797
(2) (b) 4. The number of
full-time jobs that are likely to be created as
8a result of the project.
AB100, s. 4528
9Section
4528. 560.797 (2) (b) 5. of the statutes is amended to read:
AB100,1738,1110
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, s. 4529
12Section
4529. 560.797 (3) (b) 6. of the statutes is amended to read:
AB100,1738,1513
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, s. 4530
16Section
4530. 560.797 (3) (b) 8. of the statutes is amended to read:
AB100,1738,1817
560.797
(3) (b) 8. The estimated number of
full-time jobs that will be filled by
18members of the target population.
AB100, s. 4531
19Section
4531. 560.797 (3) (b) 9. of the statutes is repealed.
AB100, s. 4532
20Section
4532. 560.797 (4) (g) of the statutes is created to read:
AB100,1738,2221
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, s. 4533
23Section
4533. 560.80 (6) of the statutes is amended to read: