Feed for /2009/statutes/statutes/560 PDF
560.705(1) (1) Supplies false or misleading information to obtain certification under s. 560.701 (2).
560.705(2) (2) Supplies false or misleading information to obtain tax benefits under s. 560.703.
560.705(3) (3) Leaves the state to conduct substantially the same business outside of the state.
560.705(4) (4) Ceases operations in the state and does not renew operation of the business or a similar business within 12 months.
560.705 History History: 2009 a. 2.
560.706 560.706 Responsibilities of the department. The department shall do all of the following:
560.706(1) (1)Accountability.
560.706(1)(a)(a) Annually verify information submitted to the department of revenue under ss. 71.07 (2dy), 71.28 (1dy), 71.47 (1dy), and 76.637 by persons certified under s. 560.701 (2) and eligible to receive tax benefits under s. 560.703.
560.706(1)(b) (b) Notify and obtain written approval from the secretary for any certification under sub. (2) (j).
560.706(2) (2)Rules. Establish by rule all of the following:
560.706(2)(a) (a) A schedule of hourly wage ranges to be paid, and health insurance benefits to be provided, to an employee by a person certified under s. 560.701 (2) and the corresponding per employee tax benefit for which a person certified under s. 560.701 (2) may be eligible.
560.706(2)(b) (b) A definition of "significant investment of capital" for purposes of s. 560.702 (2), together with a corresponding schedule of tax benefits for which a person who is certified under s. 560.701 (2) and who conducts a project described in s. 560.702 (2) may be eligible. The department shall include in the definition required under this paragraph a schedule of investments that takes into consideration the size or nature of the business.
560.706(2)(c) (c) A definition of "significant investments in the training or reeducation of employees" for purposes of s. 560.702 (3), together with a corresponding schedule of tax benefits for which a person who is certified under s. 560.701 (2) and who conducts a project under s. 560.702 (3) may be eligible.
560.706(2)(d) (d) A schedule of tax benefits for which a person who is certified under s. 560.701 (2) and who conducts a project that will result in the location or retention of a person's corporate headquarters in Wisconsin may be eligible.
560.706(2)(e) (e) The methodology for designating an area as economically distressed under s. 560.704 (1). The methodology under this paragraph shall require the department to consider the most current data available for the area and for the state on the following indicators:
560.706(2)(e)1. 1. Unemployment rate.
560.706(2)(e)2. 2. Percentage of families with incomes below the poverty line established under 42 USC 9902 (2).
560.706(2)(e)3. 3. Median family income.
560.706(2)(e)4. 4. Median per capita income.
560.706(2)(e)5. 5. Average annual wage.
560.706(2)(e)6. 6. Real property values.
560.706(2)(e)7. 7. Other significant or irregular indicators of economic distress, such as a natural disaster.
560.706(2)(f) (f) A schedule of additional tax benefits for which a person who is certified under s. 560.701 (2) and who conducts an eligible activity described under s. 560.704 may be eligible.
560.706(2)(g) (g) Reporting requirements, minimum benchmarks, and outcomes expected of a person certified under s. 560.701 (2) before that person may receive tax benefits under s. 560.703.
560.706(2)(h) (h) Policies, criteria, and methodology for allocating a portion of the tax benefits available under s. 560.703 to rural areas.
560.706(2)(i) (i) Policies, criteria, and methodology for allocating a portion of the tax benefits available under s. 560.703 to small businesses.
560.706(2)(j) (j) Policies and criteria for certifying a person who may be eligible for tax benefits greater than or equal to $3,000,000.
560.706(2)(k) (k) Procedures for implementing ss. 560.701 to 560.706.
560.706 Cross-reference Cross-reference: See also ch. Comm 100, Wis. adm. code.
560.706(3) (3)Reporting. Annually, 6 months after the report has been submitted under s. 560.01 (2) (am), submit to the joint legislative audit committee and to the appropriate standing committees of the legislature under s. 13.172 (3) a comprehensive report assessing the program under ss. 560.701 to 560.706. The report under this subsection shall update the applicable information provided in the report under s. 560.01 (2) (am).
560.706 History History: 2009 a. 2.
560.71 560.71 Designation of development zone.
560.71(1) (1) The department may designate an area as a development zone if all of the following apply:
560.71(1)(ac) (ac) The department has invited a local governing body to nominate the area under s. 560.715.
560.71(1)(am) (am) A local governing body nominates the area as described in s. 560.72.
560.71(1)(b) (b) The department has evaluated the local governing body's application as described in s. 560.725.
560.71(1)(d) (d) The area meets the applicable requirements under s. 560.735 or 560.737.
560.71(1)(e) (e) The department determines all of the following:
560.71(1)(e)1. 1. That designation of the area as a development zone will serve a public purpose.
560.71(1)(e)2. 2. That designation of the area as a development zone will likely retain or increase employment in the area.
560.71(1)(e)3. 3. That economic development in the area is not likely to occur or continue without the department's designation of the area as a development zone.
560.71(1)(e)4. 4. That the area meets at least 3 of the following criteria:
560.71(1)(e)4.a. a. The unemployment rate in the area is higher than the state average for the 18 months immediately preceding the date on which the application under s. 560.72 (2) or (3) was submitted to the department.
560.71(1)(e)4.b. b. The percentage of persons residing in the area who are members of households with household income levels at or below 80% of the statewide median household income is higher than the state average.
560.71(1)(e)4.c. c. The percentage of households in the area receiving unemployment insurance under ch. 108, relief funded by a relief block grant under ch. 49 or aid to families with dependent children under s. 49.19 is higher than the state average.
560.71(1)(e)4.d. d. In the 36 months immediately preceding the date on which the application under s. 560.72 (2) or (3) was submitted to the department, a number of workers in the area were permanently laid off by their employer or became unemployed as a result of a business action subject to s. 109.07 (1m).
560.71(1)(e)4.e. e. An employer in the vicinity of the area has given public notice under s. 109.07 (1m) (a) of either a business closing or a mass layoff of at least 25 employees, or 25% of the employees, of a business, whichever is greater, that will result in a number of workers in the area being laid off permanently.
560.71(1)(e)4.f. f. Property values in the area have been declining.
560.71(1)(e)4.g. g. There has been a decline in the population in the area.
560.71(1m) (1m) In making a determination under sub. (1) (e), the department shall consider all of the following:
560.71(1m)(a) (a) The extent of poverty, unemployment or other factors contributing to general economic hardship in the area.
560.71(1m)(b) (b) The prospects for new investment and economic development in the area.
560.71(1m)(c) (c) The amount of investment that is likely to result from the designation of the area as a development zone.
560.71(1m)(d) (d) The number of full-time jobs that are likely to be created or retained in the area as a result of its designation as a development zone.
560.71(1m)(e) (e) The number of full-time jobs that are likely to be available to the target population as a result of the designation of the area as a development zone.
560.71(1m)(f) (f) The competitive effect of designating the area as a development zone on other businesses in the vicinity of the area.
560.71(1m)(g) (g) The needs of other areas of the state.
560.71(1m)(h) (h) Any other factors that the department considers relevant.
560.71(2) (2) In determining whether an area meets the requirements under sub. (1) (e) or s. 560.735, the department may rely on any data provided by the local governing body which the department determines is relevant.
560.71(3) (3) The department shall do all of the following:
560.71(3)(a) (a) Determine the number of development zones designated under sub. (1) but may not designate more than 22 development zones over the life of the program.
560.71(3)(b) (b) Divide the number of development zones as evenly as possible between metropolitan statistical areas and areas that are not metropolitan statistical areas.
560.71(3)(c)1.1. Designate at least one development zone that is entirely within a 1st class city.
560.71(3)(c)2. 2. Designate at least 2 development zones that are each at least partially within an Indian reservation.
560.71(3)(c)3. 3. Of the development zones that are designated after April 25, 1996, designate one that is in an urban area.
560.71(4) (4) No development zone may be designated under this section after March 6, 2009.
560.715 560.715 Invitation to nominate area. If the department determines that an area has experienced or is about to experience economic distress, the department may invite local governing bodies in the area to nominate the area as a development zone.
560.715 History History: 1997 a. 103.
560.72 560.72 Application by local governing bodies.
560.72(1) (1) A local governing body may nominate an area as a development zone, if the department has invited the governing body to nominate the area under s. 560.715 and if the governing body does all of the following:
560.72(1)(a) (a) Holds at least one public hearing on the issue of designating the area as a development zone.
560.72(1)(b) (b) Adopts a resolution or ordinance authorizing it to nominate the area under this section.
560.72(2) (2) A local governing body may nominate the area as a development zone by submitting an application to the department in a form prescribed by the department. The application shall include all of the following:
560.72(2)(a) (a) A copy of the ordinance or resolution authorizing the local governing body to nominate the area as a development zone.
560.72(2)(b) (b) Transcripts of the public hearing under sub. (1) (a).
560.72(2)(c) (c) Evidence that the area meets at least 3 of the criteria under s. 560.71 (1) (e) 4.
560.72(2)(d) (d) Evidence that the area meets the applicable requirements of s. 560.735.
560.72(2)(e) (e) A description of the land use patterns in the area including:
560.72(2)(e)1. 1. A detailed map of the area.
560.72(2)(e)2. 2. Information about vacant buildings or land available for development.
560.72(2)(f) (f) A description of past and present economic development activities in the area under local, state or federal programs.
560.72(2)(g) (g) A description of the local governing body's goals for the economic development of the area.
560.72(2)(h) (h) An assessment of the effect of making the area a development zone on full-time jobs available to the targeted population.
560.72(2)(i) (i) Any other information required by the department.
560.72(2)(j) (j) Any other information the local governing body considers relevant.
560.72(3) (3) Two or more local governing bodies may submit a joint application nominating an area as a development zone, subject to s. 560.735 (2), if each local governing body complies with subs. (1) and (2).
560.72(5) (5) The department may permit a local governing body to revise an application that the department determines is inadequate or incomplete.
Loading...
Loading...
This is an archival version of the Wis. Stats. database for 2009. See Are the Statutes on this Website Official?