SB55-SSA1, s. 3700
23Section
3700. 560.70 (7) of the statutes is renumbered 560.70 (7) (a) and
24amended to read:
SB55-SSA1,1174,3
1560.70
(7) (a)
"Tax
Except as provided in par. (b), "tax benefits" means the
2development zones credit under ss. 71.07 (2dx), 71.28 (1dx)
, and 71.47 (1dx)
, except
3that in.
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4(b) In s. 560.795, "tax benefits" means the development zones investment credit
5under ss. 71.07 (2di), 71.28 (1di)
, and 71.47 (1di) and the development zones credit
6under ss. 71.07 (2dx), 71.28 (1dx)
, and 71.47 (1dx).
With respect to the development
7opportunity zone under s. 560.795 (1) (e), "tax benefits" also means the development
8zones capital investment credit under ss. 71.07 (2dm), 71.28 (1dm), and 71.47 (1dm).
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560.795
(1) (e) An area in the city of Milwaukee, the legal description of which
11is provided to the department by the local governing body of the city of Milwaukee.
SB55-SSA1,1174,2113
560.795
(2) (a) Except as provided in par. (d), the designation of each area under
14sub. (1) (a), (b) and (c), and (e) as a development opportunity zone shall be effective
15for 36 months, with the designation of the areas under sub. (1) (a) and (b) beginning
16on April 23, 1994, and the designation of the area under sub. (1) (c) beginning on
17April 28, 1995. Except as provided in par. (d), the designation of
the each area under
18sub. (1) (d)
and (e) as a development opportunity zone shall be effective for 84 months,
19with the designation of the area under sub. (1) (d) beginning on January 1, 2000
, and
20the designation of the area under sub. (1) (e) beginning on the effective date of this
21paragraph .... [revisor inserts date].
SB55-SSA1,1174,2423
560.795
(2) (b) 5. The limit for tax benefits for the development opportunity
24zone under sub. (1) (e) is $4,700,000.
SB55-SSA1,1175,6
1560.795
(3) (a) 4. Any corporation that is conducting or that intends to conduct
2economic activity in a development opportunity zone under sub. (1) (e) and that, in
3conjunction with the local governing body of the city in which the development
4opportunity zone is located, submits a project plan as described in par. (b) to the
5department shall be entitled to claim tax benefits while the area is designated as a
6development opportunity zone.
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560.795
(3) (c) The department shall notify the department of revenue of all
9corporations entitled to claim tax benefits under this
section subsection.
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560.795
(3) (d) The department annually shall verify information submitted
12to the department under s. 71.07 (2di)
, (2dm), or (2dx), 71.28 (1di)
, (1dm), or (1dx)
, 13or 71.47 (1di)
, (1dm), or (1dx).
SB55-SSA1, s. 3707
14Section
3707. 560.795 (4) (a) (intro.) of the statutes is amended to read:
SB55-SSA1,1175,1715
560.795
(4) (a) (intro.) The department shall revoke the entitlement of a
16corporation to claim tax benefits under
this section
sub. (3) if the corporation does
17any of the following:
SB55-SSA1,1175,2219
560.795
(5) Certification based on the activity of another. (a) The
20department may certify for tax benefits a person that is conducting economic activity
21in the development opportunity zone under sub. (1) (e) and that is not otherwise
22entitled to claim tax benefits if all of the following apply:
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1. The person's economic activity is instrumental in enabling another person
24to conduct economic activity in the development opportunity zone under sub. (1) (e).
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12. The department determines that the economic activity of the other person
2under subd. 1. would not have occurred but for the involvement of the person to be
3certified for tax benefits under this subsection.
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3. The person to be certified for tax benefits under this subsection will pass the
5benefits through to the other person conducting the economic activity under subd.
61., as determined by the department.
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4. The other person conducting the economic activity under subd. 1. does not
8claim tax benefits under sub. (3).
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(b) A person intending to claim tax benefits under this subsection shall submit
10to the department an application, in the form required by the department, containing
11information required by the department and by the department of revenue.
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(c) The department shall notify the department of revenue of all persons
13certified to claim tax benefits under this subsection.
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(d) The department annually shall verify information submitted to the
15department under s. 71.07 (2dm) or (2dx), 71.28 (1dm) or (1dx), or 71.47 (1dm) or
16(1dx).
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(e) The department shall revoke the entitlement of a person to claim tax
18benefits under this subsection if the person does any of the following:
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1. Supplies false or misleading information to obtain the tax benefits.
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2. Ceases operations in the development opportunity zone under sub. (1) (e).
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3. Does not pass the benefits through to the other person conducting the
22economic activity under par. (a) 1., as determined by the department.
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(f) The department shall notify the department of revenue within 30 days after
24revoking an entitlement under par. (e).
SB55-SSA1, s. 3709
1Section
3709. 560.80 (4) (a) and (b) of the statutes are consolidated,
2renumbered 560.80 (4) and amended to read:
SB55-SSA1,1177,83
560.80
(4) "Eligible development project costs" means costs that, in accordance
4with sound business and financial practices, are appropriately incurred in
5connection with a development project or a recycling development project
. (b)
6"Eligible development project costs", but does not include entertainment expenses or
7expenses incurred
more than 6 months before the board approves a grant or loan
8under s. 560.83 or 560.835.
SB55-SSA1,1177,1210
560.80
(5) "Eligible recipient" means a person who is eligible to receive a grant
11under s. 560.82 (5)
(a) or 560.837 or a grant or loan under s. 560.83 (5) (a) or (b) or
12560.835.
SB55-SSA1, s. 3711
13Section
3711. 560.82 (5) of the statutes is renumbered 560.82 (5) (a).
SB55-SSA1,1177,1715
560.82
(5) (b) If the department awards a grant under sub. (1), the department
16may contract directly with and pay grant proceeds directly to any person providing
17technical or management assistance to the grant recipient.
SB55-SSA1,1177,20
19560.96 Technology zones. (1) In this section, "tax credit" means a credit
20under s. 71.07 (3g), 71.28 (3g), or 71.47 (3g).
SB55-SSA1,1177,25
21(2) (a) The department may designate up to 3 areas in the state as technology
22zones and may, with the approval of the joint committee on finance, designate up to
236 more areas as technology zones. A business that is located in a technology zone and
24that is certified by the department under sub. (3) is eligible for a tax credit as
25provided in sub. (3).
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1(b) The designation of an area as a technology zone shall be in effect for 10 years
2from the time that the department first designates the area. However, not more than
3$3,000,000 in tax credits may be claimed in a technology zone. The department may
4change the boundaries of a technology zone during the time that its designation is
5in effect. A change in the boundaries of a technology zone does not affect the duration
6of the designation of the area or the maximum tax credit amount that may be claimed
7in the technology zone.
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8(3) (a) The department may certify for tax credits in a technology zone a
9business that satisfies all of the following requirements:
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1. The business is located in the technology zone.
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2. The business is a new or expanding business.
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3. The business is a high-technology business.
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(b) In determining whether to certify a business under this subsection, the
14department shall consider all of the following:
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1. How many new jobs the business is likely to create.
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2. The extent and nature of the high technology used by the business.
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3. The likelihood that the business will attract related enterprises.
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4. The amount of capital investment that the business is likely to make in the
19state.
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5. The economic viability of the business.
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(c) When the department certifies a business under this subsection, the
22department shall establish a limit on the amount of tax credits that the business may
23claim. Unless its certification is revoked, and subject to the limit on the tax credit
24amount established by the department under this paragraph, a business that is
25certified may claim a tax credit for 3 years, except that a business that experiences
1growth, as determined for that business by the department under par. (d) and sub.
2(5) (e), may claim a tax credit for up to 5 years.
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(d) The department shall enter into an agreement with a business that is
4certified under this subsection. The agreement shall specify the limit on the amount
5of tax credits that the business may claim, the extent and type of growth, which shall
6be specific to the business, that the business must experience to extend its eligibility
7for a tax credit, the business' baseline against which that growth will be measured,
8any other conditions that the business must satisfy to extend its eligibility for a tax
9credit, and reporting requirements with which the business must comply.
SB55-SSA1,1179,11
10(4) (a) The department of commerce shall notify the department of revenue of
11all the following:
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1. A technology zone's designation.
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2. A business' certification and the limit on the amount of tax credits that the
14business may claim.
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3. The extension or revocation of a business' certification.
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(b) The department shall annually verify information submitted to the
17department under ss. 71.07 (3g) (b), 71.28 (3g) (b), and 71.47 (3g) (b).
SB55-SSA1,1179,19
18(5) The department shall promulgate rules for the operation of this section,
19including rules related to all the following:
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(a) Criteria for designating an area as a technology zone.
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(b) A business' eligibility for certification, including definitions for all of the
22following:
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1. New or expanding business.
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2. High-technology business.
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(c) Certifying a business, including use of the factors under sub. (3) (b).
SB55-SSA1,1180,2
1(d) Standards for establishing the limit on the amount of tax credits that a
2business may claim.
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(e) Standards for extending a business' certification, including what measures,
4in addition to job creation, the department will use to determine the growth of a
5specific business and how the department will establish baselines against which to
6measure growth.
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(f) Reporting requirements for certified businesses.
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(g) The exchange of information between the department of commerce and the
9department of revenue.
SB55-SSA1,1180,1010
(h) Reasons for revoking a business' certification.
SB55-SSA1,1180,1111
(i) Standards for changing the boundaries of a technology zone.
SB55-SSA1, s. 3713c
12Section 3713c. 562.057 (4m) (a) 1. of the statutes is renumbered 562.057 (4m)
13(a) and amended to read:
SB55-SSA1,1180,1714
562.057
(4m) (a)
For a racetrack at which $25,000,000 or more was wagered
15during During the calendar year immediately preceding the year in which the
16applicant proposes to conduct wagering on simulcast races, at least
250 275 race
17performances were conducted at the racetrack
during that period.
SB55-SSA1,1180,2221
563.04
(14) Promulgate rules relating to the sale of equal shares of single raffle
22tickets to one or more purchasers under a Class A raffle license under s. 563.92 (1m).
SB55-SSA1,1181,424
563.92
(1m) The department may issue a Class A license for the conduct of a
25raffle in which some or all of the tickets for that raffle are sold on days other than the
1same day as the raffle drawing
and in which equal shares of a single ticket may be
2sold to one or more purchasers. The department may issue a Class B license for the
3conduct of a raffle in which all of the tickets for that raffle are sold on the same day
4as the raffle drawing.
SB55-SSA1,1181,66
563.93
(2) No raffle ticket may exceed
$50 $100 in cost.
SB55-SSA1,1181,108
563.93
(9) If a person who holds a Class A license sells equal shares of a single
9ticket to one or more purchasers, the person shall, prior to the raffle drawing for
10which the shares were sold, purchase any shares of the ticket that have not been sold.
SB55-SSA1,1181,1512
601.41
(1) Duties. The commissioner shall administer and enforce chs. 600 to
13655 and ss. 59.52 (11) (c), 66.0137 (4)
and (4m), 120.13 (2) (b) to (g), 149.13 and
14149.144 and shall act as promptly as possible under the circumstances on all matters
15placed before the commissioner.
SB55-SSA1,1181,2117
601.47
(2) Annual report. The commissioner shall determine the form for
and
18have printed the report required in s. 601.46 (3)
, in number sufficient and shall have
19the report published in sufficient quantity to meet all requests for copies. The
20commissioner shall distribute copies upon request to any person who pays the
21reasonable price
thereof determined
for the report under sub. (1).
SB55-SSA1,1182,3
23614.80 Tax exemption. Every domestic and nondomestic fraternal, except
24those that offer a health maintenance organization as defined in s. 609.01 (2) or a
25limited service health organization as defined in s. 609.01 (3) is exempt from all state,
1county, district, municipal and school taxes or fees, except the fees required by s.
2601.31 (2), but is required to pay all taxes and special assessments on its real estate
3and office equipment, except as provided in ss. 70.11 (4) and 70.1105
(1).