Amendment SA6-SSA1-SB197

SB197-SSA1-SA6,10,6 (2) Subsidy agreement. (a) Whenever a grantor provides a business subsidy, the recipient shall enter into a subsidy agreement with the grantor. The subsidy agreement shall include all of the following:

SB197-SSA1-SA6,10,8 1. A description of the subsidy, including the amount, or fair market value, and type of subsidy.

SB197-SSA1-SA6,10,10 2. A description of a public purpose for the subsidy, other than expanding the property tax base.

SB197-SSA1-SA6,10,11 3. A statement of why the subsidy is needed.

SB197-SSA1-SA6,10,12 4. Specific measurable goals for the subsidy.

SB197-SSA1-SA6,10,15 4m. If the public purpose for the subsidy is the creation or retention of jobs, specific measurable goals for the number of jobs to be created or retained and wage goals for the jobs to be created or retained.

SB197-SSA1-SA6,10,18 5. If the public purpose for the subsidy is the retention of jobs, the total number of jobs currently provided by the recipient and identification of the jobs that would be lost without the subsidy.

SB197-SSA1-SA6,10,20 6. The time by which the goals specified in subd. 4. and, if applicable, in subd. 4m. are to be achieved.

SB197-SSA1-SA6,10,22 7. A commitment to continue operations at the location where the subsidy is to be used for at least 5 years from the date of receiving the full amount of the subsidy.

SB197-SSA1-SA6,11,2 8. A description of any financial or other obligation of the recipient if the goals under subd. 4. or, if applicable, under subd. 4m. are not met by the time specified under subd. 6. or if the recipient ceases operations at the location before the time specified in subd. 7.

SB197-SSA1-SA6,11,3 9. The name and address of the recipient's parent corporation, if any.

SB197-SSA1-SA6,11,5 10. A list, by amount and provider, of all other public financial assistance for the project for which the subsidy will be used.

SB197-SSA1-SA6,11,10 11. A commitment to ensure that, unless otherwise authorized by the grantor, any depreciable tangible personal property purchased with money obtained through the subsidy will remain in Wisconsin for at least 5 years or, if the property is mobile, the property's base of operations for at least 50% of its use will be at a location in Wisconsin for at least 5 years.

SB197-SSA1-SA6,11,14 (b) A subsidy agreement under par. (a) shall be in writing and signed by both the recipient and the grantor. If the grantor is a local government agency that is not a political subdivision, the governing body of the political subdivision within which the local government agency operates must approve the agreement.

SB197-SSA1-SA6,11,17 (3) Reports of recipients. (a) Each recipient shall submit to its grantor, by the time required under par. (b), a report in a format specified by the grantor that provides the following information:

SB197-SSA1-SA6,11,18 1. The type, public purpose, and amount of the subsidy.

SB197-SSA1-SA6,11,20 2. The hourly wage of each job created or retained as a result of the subsidy, shown in separate wage bands.

SB197-SSA1-SA6,11,22 3. The sum of the hourly wages and cost of health insurance premiums paid by the recipient, shown in separate wage bands.

SB197-SSA1-SA6,11,24 4. A statement of the goals identified in the subsidy agreement under sub. (2) (a) 4. and a statement of the progress toward meeting those goals.

SB197-SSA1-SA6,12,4 4m. If the public purpose for the subsidy is the creation or retention jobs, a statement of the goals identified in the subsidy agreement under sub. (2) (a) 4m. and a statement of the progress toward meeting the job and wage goals or the date on which the job and wage goals were or are expected to be achieved.

SB197-SSA1-SA6,12,7 5. If the public purpose for the subsidy is the retention of jobs, the total number of jobs currently provided by the recipient, shown in separate wage bands, and the status of the jobs identified under sub. (2) (a) 5.

SB197-SSA1-SA6,12,12 5m. If the public purpose for the subsidy is the creation of jobs, the total number of jobs currently provided by the recipient that satisfy the requirements under sub. (1) (a) compared to the average number of jobs provided by the recipient in the 12 months preceding the period covered by this report that satisfied those requirements.

SB197-SSA1-SA6,12,15 6. A statement of any financial or other obligation of the recipient under sub. (2) (a) 8. and a statement of the progress toward meeting the obligation or the date on which the obligation was or will be met.

SB197-SSA1-SA6,12,16 7. The location of the recipient before receiving the business subsidy.

SB197-SSA1-SA6,12,17 8. The name and address of the recipient's parent corporation, if any.

SB197-SSA1-SA6,12,19 9. A list, by amount and provider, of all other public financial assistance for the project.

SB197-SSA1-SA6,12,20 10. Any other information requested by the grantor.

SB197-SSA1-SA6,12,25 (b) The recipient shall submit a report, as required under par. (a), as required by the grantor, but not more than 24 months after the subsidy is first provided. Annually thereafter, until the time specified in the subsidy agreement under sub. (2) (a) 6., the recipient shall submit a report, as required under par. (a), for the period since the previous report was submitted.

SB197-SSA1-SA6,13,6 (c) If a recipient fails to submit a report by the time the report is due, the grantor shall within 30 days after the due date notify the recipient that the report is overdue. If the report remains delinquent for 6 months after the due date, the grantor shall notify the department of administration and commence any action or proceedings to recover the subsidy that are specified in the subsidy agreement, and the recipient shall be ineligible for any other business subsidies, as provided in sub. (1) (f).

SB197-SSA1-SA6,13,11 (d) For each recipient, a grantor shall keep a centrally located and easily accessible file containing the recipient's application, all documents related to the application, the subsidy agreement entered into under sub. (2), and all reports submitted under this subsection. A grantor may satisfy this paragraph by posting the contents of the file on the grantor's public website.

SB197-SSA1-SA6,13,19 (4) Reports of grantors and the department of commerce. (a) Annually, no later than April 1, every grantor shall manually or electronically file with the legislative audit bureau a report that summarizes the information submitted to the grantor during the previous calendar year in the reports under sub. (3). If the grantor electronically files the report, it shall do so in a form and format acceptable to the legislative audit bureau. If the legislative audit bureau develops a report form under s. 13.94 (12) (f), a grantor shall use that form for submitting the information required under this subsection.

SB197-SSA1-SA6,13,24 (b) Notwithstanding s. 20.926 (3) (b) 13., an agency that provides assistance to a business under a statutory provision that identifies the specific recipient or the specific amount shall annually, no later than April 1, file with the legislative audit bureau a report on that assistance provided in the preceding calendar year. The report shall include all of the following information:

SB197-SSA1-SA6,13,25 1. The identity of the recipients of the assistance.

SB197-SSA1-SA6,14,1 2. The amount of assistance provided to each recipient.

SB197-SSA1-SA6,14,2 3. The statutory authority under which the assistance was provided.

SB197-SSA1-SA6,14,7 (c) In addition to filing any report that is required under par. (a) or (b), the department of commerce shall annually, no later than June 1, file with the legislative audit bureau a report on the development zone programs under subch. VI of ch. 560 and the technology zone program under s. 560.96 that includes all of the following information:

SB197-SSA1-SA6,14,9 1. Identification of all development zones and technology zones in effect and the total amount of tax credits that may be claimed in each of those zones.

SB197-SSA1-SA6,14,11 2. The total tax credits claimed, both in the previous calendar year and since the zone was designated, in each development zone or technology zone in effect.

SB197-SSA1-SA6,14,16 3. A listing of every person in each development zone or technology zone in effect that has been awarded tax credits, together with an itemization of the total amount of such tax credits certified for each person, the total amount of such tax credits claimed by each person in the year of the report, and the aggregate total of all such tax credits claimed by each person.

SB197-SSA1-SA6,14,18 4. A public purpose, other than expanding the property tax base, for which each person listed in subd. 3. was certified for tax credits.

SB197-SSA1-SA6,14,20 5. The progress each person listed in subd. 3. has made in achieving the public purpose specified in subd. 4.

SB197-SSA1-SA6,14,22 6. The criteria used to measure the progress made in achieving the public purpose specified in subd. 4.

SB197-SSA1-SA6,14,25 7. The total number of jobs that have been created, both in the previous calendar year and since the zone was designated, in each development zone or technology zone in effect, shown in separate wage bands.

SB197-SSA1-SA6,15,3 8. The total number of jobs that have been retained, both in the previous calendar year and since the zone was designated, in each development zone or technology zone in effect, shown in separate wage bands.

SB197-SSA1-SA6,15,6 (5) Public record requirement. Business subsidy applications, all documents related to business subsidy applications, recipient reports under sub. (3), and grantor reports under sub. (4) are open to public inspection.

SB197-SSA1-SA6,15,12 (6) Responsibility for compliance and relation to other requirements. (a) If the agency that awards a business subsidy is different from the agency that provides the business subsidy, the agency that provides the business subsidy shall determine how the requirements under this section for the grantor of the business subsidy will be met, and may delegate the responsibility for any such requirement to the agency that awards the business subsidy.

SB197-SSA1-SA6,15,15 (b) A state agency that administers an economic development program under which a local government agency is the grantor of state funds shall ensure that the local government agency complies with this section.

SB197-SSA1-SA6,15,18 (c) The legislative audit bureau shall determine whether this section applies to an agency with respect to assistance provided by the agency in the event that there is disagreement or uncertainty over whether this section applies.

SB197-SSA1-SA6,16,2 (d) Except as provided in sub. (1) (d) 2., the requirements under this section related to awarding or providing a business subsidy, including the awarding criteria developed under sub. (1) (a), the subsidy agreement under sub. (2), and the recipient reporting requirements under sub. (3), are in addition to any other requirements with which an agency or recipient must comply with respect to the business subsidy. If a conflict exists between a requirement under this section and any other requirement with respect to a business subsidy, the requirement under this section controls.

SB197-SSA1-SA6,16,4 (e) The department of administration shall annually notify all agencies of their responsibilities under this section.

SB197-SSA1-SA6, s. 1m Section 1m. 66.1105 (13) of the statutes is amended to read:

SB197-SSA1-SA6,16,13 66.1105 (13) The department of commerce, in cooperation with other state agencies and local governments, shall make a comprehensive report to the governor and the chief clerk of each house of the legislature, for distribution to the legislature under s. 13.172 (2), at the beginning of each biennium, beginning with the 1977 biennium, as to the effects and impact of tax incremental financing projects socially, economically, and financially. Beginning with the 2003 biennium, the department of commerce shall also provide a copy of the report to the legislative audit bureau for purposes of the report requirement under s. 13.94 (12).".

SB197-SSA1-SA6,16,14 5. Page 1, line 10: delete " Section 1" and substitute "Section 1v".

SB197-SSA1-SA6,16,15 6. Page 7, line 2: after that line insert:

SB197-SSA1-SA6,16,16 " Section 13m. 71.07 (2dx) (a) 4. of the statutes is amended to read:

SB197-SSA1-SA6,17,2 71.07 (2dx) (a) 4. "Full-time job" means a regular, nonseasonal full-time position in which an individual, as a condition of employment, is required to work at least 2,080 hours per year, including paid leave and holidays, and for which the individual receives pay compensation that is equal to at least 150% of the federal minimum wage and receives benefits that are not required by federal or state law 200% of the federal poverty line, as defined under 42 USC 9902 (2), for a family of 2 persons. Compensation may include health insurance premiums paid by the employer on behalf of the employee, for purposes of determining whether the compensation requirement is met. "Full-time job" does not include initial training before an employment position begins.".

SB197-SSA1-SA6,17,3 7. Page 12, line 3: after that line insert:

SB197-SSA1-SA6,17,4 " Section 26m. 71.28 (1dx) (a) 4. of the statutes is amended to read:

SB197-SSA1-SA6,17,14 71.28 (1dx) (a) 4. "Full-time job" means a regular, nonseasonal full-time position in which an individual, as a condition of employment, is required to work at least 2,080 hours per year, including paid leave and holidays, and for which the individual receives pay compensation that is equal to at least 150% of the federal minimum wage and receives benefits that are not required by federal or state law 200% of the federal poverty line, as defined under 42 USC 9902 (2), for a family of 2 persons. Compensation may include health insurance premiums paid by the employer on behalf of the employee, for purposes of determining whether the compensation requirement is met. "Full-time job" does not include initial training before an employment position begins.".

SB197-SSA1-SA6,17,15 8. Page 16, line 2: after that line insert:

SB197-SSA1-SA6,17,16 " Section 32f. 71.47 (1dx) (a) 4. of the statutes is amended to read:

SB197-SSA1-SA6,18,2 71.47 (1dx) (a) 4. "Full-time job" means a regular, nonseasonal full-time position in which an individual, as a condition of employment, is required to work at least 2,080 hours per year, including paid leave and holidays, and for which the individual receives pay compensation that is equal to at least 150% of the federal minimum wage and receives benefits that are not required by federal or state law 200% of the federal poverty line, as defined under 42 USC 9902 (2), for a family of 2 persons. Compensation may include health insurance premiums paid by the employer on behalf of the employee, for purposes of determining whether the compensation requirement is met. "Full-time job" does not include initial training before an employment position begins.

SB197-SSA1-SA6, s. 32h Section 32h. 560.70 (2m) of the statutes is amended to read:

SB197-SSA1-SA6,18,13 560.70 (2m) "Full-time job" means a regular, nonseasonal full-time position in which an individual, as a condition of employment, is required to work at least 2,080 hours per year, including paid leave and holidays, and for which the individual receives pay compensation that is equal to at least 150% of the federal minimum wage and benefits that are not required by federal or state law 200% of the federal poverty line, as defined under 42 USC 9902 (2), for a family of 2 persons. Compensation may include health insurance premiums paid by the employer on behalf of the employee, for purposes of determining whether the compensation requirement is met. "Full-time job" does not include initial training before an employment position begins.

SB197-SSA1-SA6, s. 32j Section 32j. 560.765 (3) (br) of the statutes is created to read:

SB197-SSA1-SA6,18,19 560.765 (3) (br) The person's commitment to ensure that, unless otherwise authorized by the department, any depreciable tangible personal property for which tax benefits are claimed will remain in Wisconsin for at least 5 years or, if the property is mobile, the property's base of operations for at least 50% of its use will be at a location in Wisconsin for at least 5 years.

SB197-SSA1-SA6, s. 32m Section 32m. 560.785 (2) (b) of the statutes is amended to read:

SB197-SSA1-SA6,18,24 560.785 (2) (b) The requirement under ss. 560.70 (2m) and 560.797 (1) (am) that an individual's pay compensation must equal at least 150% 200% of the federal minimum wage poverty line, as defined under 42 USC 9902 (2), for a family of 2 persons.

SB197-SSA1-SA6, s. 32p Section 32p. 560.96 (3) (a) 4. of the statutes is created to read:

SB197-SSA1-SA6,19,5 560.96 (3) (a) 4. The business commits to ensure that, unless otherwise authorized by the department, any depreciable tangible personal property for which tax credits are claimed will remain in Wisconsin for at least 5 years or, if the property is mobile, the property's base of operations for at least 50% of its use will be at a location in Wisconsin for at least 5 years.".

SB197-SSA1-SA6,19,6 9. Page 16, line 11: delete lines 11 to 13 and substitute:

SB197-SSA1-SA6,19,10 "(1x) Business subsidies. The treatment of sections 13.94 (12), 20.926, and 20.9265 of the statutes first applies to business subsidies, as defined in section 20.926 (3) of the statutes, as created by this act, that are awarded on the first day of the 10th month beginning after publication.

SB197-SSA1-SA6,19,14 (2z) Tax changes. The treatment of sections 71.07 (2dx) (a) 4., 71.28 (1dx) (a) 4., 71.45 (3) (intro.), (a), and (b) and (3m), 71.47 (1dx) (a) 4., 560.70 (2m), 560.765 (3) (br), 560.785 (2) (b), and 560.96 (3) (a) 4. of the statutes first applies to taxable years beginning on January 1, 2005.".

SB197-SSA1-SA6,19,15 (End)