Amendment CA1-SSA1-SB55

SB55-SSA1-CA1,908,21 1448. Page 1173, line 7: delete "zone" and substitute " zones".

SB55-SSA1-CA1,908,22 1449. Page 1173, line 8: after that line insert:

SB55-SSA1-CA1,908,23 " Section 3700d. 560.70 (7) (c) of the statutes is created to read:

SB55-SSA1-CA1,909,3 560.70 (7) (c) In s. 560.798, "tax benefits" means the development zones capital investment credit under ss. 71.07 (2dm), 71.28 (1dm), and 71.47 (1dm) and the development zones credit under ss. 71.07 (2dx), 71.28 (1dx), and 71.47 (1dx).".

SB55-SSA1-CA1,909,4 1450. Page 1173, line 11: after that line insert:

SB55-SSA1-CA1,909,5 " Section 3701m. 560.795 (1) (f) of the statutes is created to read:

SB55-SSA1-CA1,909,8 560.795 (1) (f) For the Gateway Project, an area in the city of Beloit, the legal description of which is provided to the department by the local governing body of the city of Beloit.".

SB55-SSA1-CA1,909,9 1451. Page 1173, line 18: delete "and (e)" and substitute ", (e), and (f)".

SB55-SSA1-CA1,909,11 1452. Page 1173, line 20: delete "designation of the area under sub. (1) (e)" and substitute "designations of the areas under sub. (1) (e) and (f)".

SB55-SSA1-CA1,909,12 1453. Page 1173, line 24: after that line insert:

SB55-SSA1-CA1,909,13 " Section 3703m. 560.795 (2) (b) 6. of the statutes is created to read:

SB55-SSA1-CA1,909,15 560.795 (2) (b) 6. The limit for tax benefits for the development opportunity zone under sub. (1) (f) is $4,700,000.

SB55-SSA1-CA1, s. 3703p Section 3703p. 560.795 (2) (c) of the statutes is amended to read:

SB55-SSA1-CA1,909,19 560.795 (2) (c) Annually, the department shall estimate the amount of forgone state revenue because of tax benefits claimed by corporations or persons in each development opportunity zone.".

SB55-SSA1-CA1,909,20 1454. Page 1173, line 25: after that line insert:

SB55-SSA1-CA1,910,2 "560.795 (3) (a) 4. Any person that is conducting or that intends to conduct economic activity in a development opportunity zone under sub. (1) (e) and that, in conjunction with the local governing body of the city in which the development opportunity zone is located, submits a project plan as described in par. (b) to the department shall be entitled to claim tax benefits while the area is designated as a development opportunity zone.

SB55-SSA1-CA1, s. 3704c Section 3704c. 560.795 (3) (a) 5. of the statutes is created to read:".

SB55-SSA1-CA1,910,4 1455. Page 1174, line 1: delete "4." and substitute "5.".

SB55-SSA1-CA1,910,5 1456. Page 1174, line 2: delete "(e)" and substitute "(f)".

SB55-SSA1-CA1,910,6 1457. Page 1174, line 6: after that line insert:

SB55-SSA1-CA1,910,7 " Section 3704e. 560.795 (3) (b) 1. of the statutes is amended to read:

SB55-SSA1-CA1,910,9 560.795 (3) (b) 1. The name and address of the corporation's or person's business for which tax benefits will be claimed.

SB55-SSA1-CA1, s. 3704f Section 3704f. 560.795 (3) (b) 2. of the statutes is amended to read:

SB55-SSA1-CA1,910,12 560.795 (3) (b) 2. The appropriate federal tax identification number of the corporation or person.

SB55-SSA1-CA1, s. 3704g Section 3704g. 560.795 (3) (b) 3. of the statutes is amended to read:

SB55-SSA1-CA1,910,16 560.795 (3) (b) 3. The names and addresses of other locations outside of the development opportunity zone where the corporation or person conducts business and a description of the business activities conducted at those locations.

SB55-SSA1-CA1, s. 3704h Section 3704h. 560.795 (3) (b) 4. of the statutes is amended to read:

SB55-SSA1-CA1,910,20 560.795 (3) (b) 4. The amount that the corporation or person proposes to invest in a business, or spend on the construction, rehabilitation, repair , or remodeling of a building, located within the development opportunity zone.

SB55-SSA1-CA1, s. 3704i Section 3704i. 560.795 (3) (b) 5. of the statutes is amended to read:

SB55-SSA1-CA1,910,23 560.795 (3) (b) 5. The estimated total investment of the corporation or person in the development opportunity zone.

SB55-SSA1-CA1, s. 3704j Section 3704j. 560.795 (3) (b) 6. of the statutes is amended to read:

SB55-SSA1-CA1,911,4 560.795 (3) (b) 6. The number of full-time jobs that will be created, retained, or substantially upgraded as a result of the corporation's or person's economic activity in relation to the amount of tax benefits estimated for the corporation or person.

SB55-SSA1-CA1, s. 3704k Section 3704k. 560.795 (3) (b) 7. of the statutes is amended to read:

SB55-SSA1-CA1,911,7 560.795 (3) (b) 7. The corporation's or person's plans to make reasonable attempts to hire employees from the targeted population.

SB55-SSA1-CA1, s. 3704L Section 3704L. 560.795 (3) (b) 8. of the statutes is amended to read:

SB55-SSA1-CA1,911,11 560.795 (3) (b) 8. A description of the commitment of the local governing body of the city in which the development opportunity zone is located to the corporation's or person's project.".

SB55-SSA1-CA1,911,12 1458. Page 1174, line 9: after "corporations" insert "or persons".

SB55-SSA1-CA1,911,14 1459. Page 1174, line 16: delete "corporation to" and substitute "corporation or person to".

SB55-SSA1-CA1,911,16 1460. Page 1174, line 16: delete "corporation does" and substitute "corporation or person does".

SB55-SSA1-CA1,911,17 1461. Page 1174, line 21: after "(e)" insert "or (f)".

SB55-SSA1-CA1,911,18 1462. Page 1174, line 24: after "(e)" insert "or (f)".

SB55-SSA1-CA1,911,19 1463. Page 1175, line 20: after "(e)" insert "or (f)".

SB55-SSA1-CA1,911,20 1464. Page 1175, line 24: after that line insert:

SB55-SSA1-CA1,911,21 " Section 3708m. 560.798 of the statutes is created to read:

SB55-SSA1-CA1,911,23 560.798 Agricultural development zone. (1) In this section, "rural municipality" means any of the following:

SB55-SSA1-CA1,912,2 (a) A city, town, or village that is located in a county with a population density of less than 150 persons per square mile.

SB55-SSA1-CA1,912,3 (b) A city, town, or village with a population of 6,000 or less.

SB55-SSA1-CA1,912,8 (2) (a) The department may, with the approval of the joint committee on finance, designate one area in the state as an agricultural development zone. The area must be located in a rural municipality. An agricultural business that is located in an agricultural development zone and that is certified by the department under sub. (3) is eligible for tax benefits as provided in sub. (3).

SB55-SSA1-CA1,912,16 (b) The designation of an area as an agricultural development zone shall be in effect for 10 years from the time that the department first designates the area. However, not more than $5,000,000 in tax benefits may be claimed in an agricultural development zone. The department may change the boundaries of an agricultural development zone during the time that its designation is in effect. A change in the boundaries of an agricultural development zone does not affect the duration of the designation of the area or the maximum tax benefit amount that may be claimed in the agricultural development zone.

SB55-SSA1-CA1,912,21 (3) (a) The department may certify for tax benefits in an agricultural development zone a new or expanding agricultural business that is located in the agricultural development zone. In determining whether to certify a business under this subsection, the department shall consider, among other things, the number of jobs that will be created or retained by the business.

SB55-SSA1-CA1,913,2 (b) When the department certifies an agricultural business under this subsection, the department shall establish a limit on the amount of tax benefits that the business may claim. The department shall enter into an agreement with the business that specifies the limit on the amount of tax benefits that the business may claim and reporting requirements with which the business must comply.

SB55-SSA1-CA1,913,4 (4) (a) The department of commerce shall notify the department of revenue of all the following:

SB55-SSA1-CA1,913,5 1. An agricultural development zone's designation.

SB55-SSA1-CA1,913,7 2. A business' certification and the limit on the amount of tax benefits that the business may claim.

SB55-SSA1-CA1,913,8 3. The revocation of a business' certification.

SB55-SSA1-CA1,913,11 (b) The department shall annually verify information submitted to the department under s. 71.07 (2dm) or (2dx), 71.28 (1dm) or (1dx), or 71.47 (1dm) or (1dx).

SB55-SSA1-CA1,913,13 (5) The department shall promulgate rules for the operation of this section, including rules related to all the following:

SB55-SSA1-CA1,913,14 (a) Criteria for designating an area as an agricultural development zone.

SB55-SSA1-CA1,913,15 (b) Criteria for certifying a business for tax benefits.

SB55-SSA1-CA1,913,17 (c) Standards for establishing the limit on the amount of tax benefits that a business may claim.

SB55-SSA1-CA1,913,18 (d) Reporting requirements for certified businesses.

SB55-SSA1-CA1,913,20 (e) The exchange of information between the department of commerce and the department of revenue.

SB55-SSA1-CA1,913,21 (f) Reasons for revoking a business' certification.

SB55-SSA1-CA1,913,23 (g) Standards for changing the boundaries of an agricultural development zone.".

SB55-SSA1-CA1,913,24 1465. Page 1176, line 12: after that line insert:

SB55-SSA1-CA1,914,1 " Section 3710j. 560.80 (8) of the statutes is amended to read:

SB55-SSA1-CA1,914,4 560.80 (8) "Minority business" means a minority business, as defined in s. 560.036 (1) (e), business certified by the department under s. 560.036 (2) that has its principal place of business in this state.".

SB55-SSA1-CA1,914,7 1466. Page 1176, line 20: delete that line and substitute "under s. 71.07 (2di), (2dm), (2dx), or (3g), 71.28 (1di), (1dm), (1dx), or (3g), or 71.47 (1di), (1dm), (1dx), or (3g).".

SB55-SSA1-CA1,914,8 1467. Page 1176, line 21: delete lines 21 to 23 and substitute:

SB55-SSA1-CA1,914,11 "(2) (a) The department may, with the approval of the joint committee on finance, designate up to 8 areas in the state as technology zones. A business that is located in a technology zone and".

SB55-SSA1-CA1,914,12 1468. Page 1177, line 3: delete "$3,000,000" and substitute "$5,000,000".

SB55-SSA1-CA1,914,15 1469. Page 1178, line 17: delete that line and substitute "department under ss. 71.07 (2di), (2dm), (2dx), and (3g), 71.28 (1di), (1dm), (1dx), and (3g), and 71.47 (1di), (1dm), (1dx), and (3g).".

SB55-SSA1-CA1,914,16 1470. Page 1179, line 19: after that line insert:

SB55-SSA1-CA1,914,17 " Section 3713jm. 562.065 (4) of the statutes is amended to read:

SB55-SSA1-CA1,914,23 562.065 (4) Unclaimed prizes. Any A licensee under s. 562.05 (1) (b) shall pay to the department 50% of any winnings on a race which that are not claimed within 90 days after the end of the period authorized for racing in that year under s. 562.05 (9) shall be paid to the department. The department shall credit moneys received under this subsection to the appropriation accounts under ss. 20.455 (2) (g) and 20.505 (8) (g). The licensee may retain the remaining 50% of the winnings.".

SB55-SSA1-CA1,914,24 1471. Page 1180, line 21: after that line insert:

SB55-SSA1-CA1,915,1 " Section 3737m. 601.73 (2) (c) of the statutes is amended to read:

SB55-SSA1-CA1,915,8 601.73 (2) (c) Default judgment. No plaintiff or complainant is entitled to a judgment by default in any proceeding in which process is served under this section and s. 601.72 until the expiration of 45 days after the date of mailing of the process under par. (b). If the proceeding is to foreclose or otherwise enforce a lien or security interest, the plaintiff or complainant is not entitled to a judgment by default under this paragraph until the expiration of 20 days after the date of mailing of the process under par. (b).".

SB55-SSA1-CA1,915,9 1472. Page 1180, line 21: after that line insert:

SB55-SSA1-CA1,915,10 " Section 3741amc. Chapter 609 (title) of the statutes is amended to read:

SB55-SSA1-CA1,915,11 CHAPTER 609

SB55-SSA1-CA1,915,12 MANAGED CARE Defined network PLANS

SB55-SSA1-CA1, s. 3741amg Section 3741amg. 609.01 (1d) of the statutes is amended to read:

SB55-SSA1-CA1,915,16 609.01 (1d) "Enrollee" means, with respect to a managed care defined network plan, preferred provider plan, or limited service health organization, a person who is entitled to receive health care services under the plan.

SB55-SSA1-CA1, s. 3741amp Section 3741amp. 609.01 (3c) of the statutes is renumbered 609.01 (1b) and amended to read:

SB55-SSA1-CA1,915,23 609.01 (1b) "Managed care Defined network plan" means a health benefit plan that requires an enrollee of the health benefit plan, or creates incentives, including financial incentives, for an enrollee of the health benefit plan, to use providers that are managed, owned, under contract with, or employed by the insurer offering the health benefit plan.

SB55-SSA1-CA1, s. 3741amt Section 3741amt. 609.01 (3m) of the statutes is amended to read:

SB55-SSA1-CA1,916,5 609.01 (3m) "Participating" means, with respect to a physician or other provider, under contract with a managed care defined network plan, preferred provider plan, or limited service health organization to provide health care services, items or supplies to enrollees of the managed care defined network plan, preferred provider plan, or limited service health organization.

SB55-SSA1-CA1, s. 3741bmg Section 3741bmg. 609.01 (4) of the statutes is amended to read: