The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
AB948, s. 1
1Section
1. 560.71 (1) (a) of the statutes is renumbered 560.71 (1) (am).
AB948, s. 2
2Section
2. 560.71 (1) (ac) of the statutes is created to read:
AB948,2,43
560.71
(1) (ac) The department has invited a local governing body to nominate
4the area under s. 560.715.
AB948, s. 3
5Section
3. 560.71 (1) (c) of the statutes is repealed.
AB948, s. 4
6Section
4. 560.715 of the statutes is created to read:
AB948,2,10
7560.715 Invitation to nominate area. If the department determines that
8an area has experienced or is about to experience economic distress, the department
9may invite local governing bodies in the area to nominate the area as a development
10zone.
AB948, s. 5
11Section
5. 560.72 (1) (intro.) of the statutes is amended to read:
AB948,2,1412
560.72
(1) (intro.) A local governing body may nominate an area as a
13development zone, if the
department has invited the governing body to nominate the
14area under s. 560.715 and if the governing body does all of the following:
AB948, s. 6
15Section
6. 560.72 (1) (b) of the statutes is amended to read:
AB948,2,1716
560.72
(1) (b) Adopts a resolution or ordinance authorizing it to nominate the
17area under this section
and to develop a development zone plan under s. 560.73 (1).
AB948, s. 7
1Section
7. 560.725 (1) of the statutes is amended to read:
AB948,3,32
560.725
(1) The department shall evaluate applications received under s.
3560.72 (2) and (3)
and development zone plans received under s. 560.73 (1) and (2).
AB948, s. 8
4Section
8. 560.725 (3) of the statutes is amended to read:
AB948,3,105
560.725
(3) After evaluating an application submitted under s. 560.72 (2) or (3),
6the department may approve the application, subject to any reduction in the size of
7the nominated area under sub. (2). If the department approves the application, the
8department shall
designate the area as a development zone, subject to s. 560.71, and 9notify the local governing body
and request the local governing body to submit a
10development zone plan under s. 560.73 (1) or (2), whichever is applicable.
AB948, s. 10
13Section
10. 560.74 (1) of the statutes is amended to read:
AB948,3,2114
560.74
(1) At any time after a development zone is designated by the
15department, a local governing body may submit an application to change the
16boundaries of the development zone.
The local governing body shall submit a revised
17development zone plan, described in s. 560.73 (1), with its application for a boundary
18change. If the boundary change reduces the size of a development zone, the local
19governing body shall explain why the area excluded should no longer be in a
20development zone. The department may require the local governing body to submit
21additional information.
AB948, s. 11
22Section
11. 560.745 (1) (a) of the statutes is amended to read:
AB948,3,2523
560.745
(1) (a) The designation of an area as a development zone shall be
24effective for 84 months, beginning on the day the department notifies the local
25governing body under s.
560.73 560.725 (3) of the designation.
AB948, s. 12
1Section
12. 560.745 (3) (a) of the statutes is amended to read:
AB948,4,62
560.745
(3) (a) No person is certified as eligible to receive tax benefits under
3s. 560.765 (3) during the 12-month period beginning on the day the area is
4designated as a development zone and the department determines that the local
5governing body that nominated the zone is not
following the development zone plan
6submitted under s. 560.73 in compliance with s. 560.763.
AB948, s. 13
7Section
13. 560.75 (5) of the statutes is amended to read:
AB948,4,98
560.75
(5) Help local governing bodies prepare applications for development
9zones
and development zone plans.
AB948, s. 14
10Section
14. 560.765 (1) of the statutes is amended to read:
AB948,4,1311
560.765
(1) Evaluate the likelihood that a person applying for tax benefits
12engages or will engage in economic activity consistent with the development zone
13plan application.
AB948, s. 15
14Section
15. 560.765 (3) (g) of the statutes is amended to read:
AB948,4,1615
560.765
(3) (g) Whether the person's proposed economic activity is consistent
16with the development zone
plan application.