560.875(2)(c)2. 2. Start-up assistance to new businesses, including the development of business and marketing plans and assistance in securing development financing.
560.875(2)(c)3. 3. Technical assistance to new and existing businesses in gaining access to tribal, state and federal business assistance and financing programs.
560.875(2)(d) (d) The program may not provide technical assistance for a commercial gaming and gambling activity.
560.875(3) (3) As a condition of receiving a grant under sub. (1), the Great Lakes inter-tribal council annually shall prepare a report on the technical assistance program under sub. (2) and submit the report to the department.
560.875 History History: 1991 a. 39, 261; 1995 a. 27; 1999 a. 9.
subch. IX of ch. 560 SUBCHAPTER IX
560.90 560.90 Definitions. In this subchapter, "technically oriented business" means any of the following:
560.90(1) (1) A business in a new or emerging industry.
560.90(2) (2) A business that provides technically sophisticated products or services.
560.90(3) (3) A business that is based on a technically sophisticated production system.
560.90 History History: 1989 a. 31.
560.905 560.905 Administration.
560.905(1)(1) The department may contract with specialists outside the classified service, including teachers, professors and professionals on sabbatical leaves, to conduct or coordinate specific projects and programs under this subchapter.
560.905(2) (2) The standing committees of the senate and assembly with jurisdiction over science and technology shall advise the department concerning the administration of this subchapter. The department shall consider the advice of the committees in carrying out the functions under this subchapter.
560.905 History History: 1989 a. 31; 2007 a. 125.
560.92 560.92 Promotion.
560.92(1)(1) The department shall promote this state's science and technology assets in cooperation with Forward Wisconsin, Inc., and the department of agriculture, trade and consumer protection.
560.92(2) (2) The department shall establish a program to recognize all of the following:
560.92(2)(a) (a) Entrepreneurs in this state who have established successful technically oriented businesses.
560.92(2)(b) (b) Outstanding researchers in basic and applied sciences in this state.
560.92 History History: 1989 a. 31; 2001 a. 103.
560.93 560.93 Statewide advanced technology.
560.93(1) (1) The department shall monitor potential opportunities for federal and private sector funding of significant technology development and transfer programs. The department may create an advisory committee of persons likely to be aware of these funding opportunities to assist in the monitoring of such opportunities.
560.93(2) (2) Upon identifying a potential funding opportunity under sub. (1), the department may create a team composed of appropriate government, educational and private sector representatives to review and pursue the funding opportunity. A team may do any of the following:
560.93(2)(a) (a) Conduct an evaluation of whether one or more organizations located in this state should compete for the funds.
560.93(2)(b) (b) Help one or more organizations located in this state in developing a specific application for the funds and any subsequent proposal or documentation.
560.93(2)(c) (c) Present to persons providing funding, or coordinate the presentation of, an application for funds; and show to persons providing funding the facility or site where the technology development or transfer program is proposed to be conducted.
560.93 History History: 1989 a. 31.
560.96 560.96 Technology zones.
560.96(1)(1) In this section, "tax credit" means a credit under s. 71.07 (2di), (2dm), (2dx), or (3g), 71.28 (1di), (1dm), (1dx), or (3g), or 71.47 (1di), (1dm), (1dx), or (3g).
560.96(2) (2)
560.96(2)(a)(a) Except as provided in par. (c), the department may designate up to 8 areas in the state as technology zones. A business that is located in a technology zone and that is certified by the department under sub. (3) is eligible for a tax credit as provided in sub. (3).
560.96(2)(b) (b) The designation of an area as a technology zone shall be in effect for 10 years from the time that the department first designates the area. Not more than $5,000,000 in tax credits may be claimed in a technology zone, except that the department may allocate the amount of unallocated airport development zone tax credits, as provided under s. 560.7995 (3) (b), to technology zones for which the $5,000,000 maximum allocation is insufficient. The department may change the boundaries of a technology zone during the time that its designation is in effect. A change in the boundaries of a technology zone does not affect the duration of the designation of the area or the maximum tax credit amount that may be claimed in the technology zone.
560.96(2)(c) (c) No area may be designated as a technology zone under this subsection on or after March 6, 2009.
560.96(3) (3)
560.96(3)(a)(a) Except as provided in par. (e), the department may certify for tax credits in a technology zone a business that satisfies all of the following requirements:
560.96(3)(a)1. 1. The business is located in the technology zone.
560.96(3)(a)2. 2. The business is a new or expanding business.
560.96(3)(a)3. 3. The business is a high-technology business.
560.96(3)(b) (b) In determining whether to certify a business under this subsection, the department shall consider all of the following:
560.96(3)(b)1. 1. How many new jobs the business is likely to create.
560.96(3)(b)2. 2. The extent and nature of the high technology used by the business.
560.96(3)(b)3. 3. The likelihood that the business will attract related enterprises.
560.96(3)(b)4. 4. The amount of capital investment that the business is likely to make in the state.
560.96(3)(b)5. 5. The economic viability of the business.
560.96(3)(c) (c) When the department certifies a business under this subsection, the department shall establish a limit on the amount of tax credits that the business may claim. Unless its certification is revoked, and subject to the limit on the tax credit amount established by the department under this paragraph, a business that is certified may claim a tax credit for 3 years, except that a business that experiences growth, as determined for that business by the department under par. (d) and sub. (5) (e), may claim a tax credit for up to 5 years.
560.96(3)(d) (d) The department shall enter into an agreement with a business that is certified under this subsection. The agreement shall specify the limit on the amount of tax credits that the business may claim, the extent and type of growth, which shall be specific to the business, that the business must experience to extend its eligibility for a tax credit, the business' baseline against which that growth will be measured, any other conditions that the business must satisfy to extend its eligibility for a tax credit, and reporting requirements with which the business must comply.
560.96(3)(e) (e) No business may be certified under this subsection on or after March 6, 2009.
560.96(4) (4)
560.96(4)(a)(a) The department of commerce shall notify the department of revenue of all the following:
560.96(4)(a)1. 1. A technology zone's designation.
560.96(4)(a)2. 2. A business's certification and the limit on the amount of tax credits that the business may claim.
560.96(4)(a)3. 3. The extension or revocation of a business's certification.
560.96(4)(b) (b) The department shall annually verify information submitted to the 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).
560.96(5) (5) The department shall promulgate rules for the operation of this section, including rules related to all the following:
560.96(5)(a) (a) Criteria for designating an area as a technology zone.
560.96(5)(b) (b) A business's eligibility for certification, including definitions for all of the following:
560.96(5)(b)1. 1. New or expanding business.
560.96(5)(b)2. 2. High-technology business.
560.96(5)(c) (c) Certifying a business, including use of the factors under sub. (3) (b).
560.96(5)(d) (d) Standards for establishing the limit on the amount of tax credits that a business may claim.
560.96(5)(e) (e) Standards for extending a business's certification, including what measures, in addition to job creation, the department will use to determine the growth of a specific business and how the department will establish baselines against which to measure growth.
560.96(5)(f) (f) Reporting requirements for certified businesses.
560.96(5)(g) (g) The exchange of information between the department of commerce and the department of revenue.
560.96(5)(h) (h) Reasons for revoking a business's certification.
560.96(5)(i) (i) Standards for changing the boundaries of a technology zone.
560.96 History History: 2001 a. 16, 104; 2007 a. 183; 2009 a. 2.
subch. X of ch. 560 SUBCHAPTER X
560.9801 560.9801 Definitions. In this subchapter:
560.9801(1) (1) "Community-based organization" means an organization operating in a specific geographic area that is organized primarily to provide housing opportunities for persons or families of low or moderate income, and that is one of the following:
560.9801(1)(a) (a) A nonstock corporation organized under ch. 181 that is a nonprofit corporation, as defined in s. 181.0103 (17).
560.9801(1)(b) (b) A nonprofit cooperative organized under ch. 185 or 193.
560.9801(1)(c) (c) A federally recognized American Indian tribe or band in this state or an entity established by a federally recognized American Indian tribe or band.
560.9801(2) (2) "Housing authority" means any of the following:
560.9801(2)(a) (a) A housing authority organized under s. 59.53 (22), 61.73, 66.1201 or 66.1213 or ch. 234.
560.9801(2)(b) (b) A redevelopment authority or housing and community development authority exercising the powers of a housing authority under s. 66.1333 (3) or 66.1335 (4).
560.9801(2)(c) (c) A housing authority organized by the elected governing body of a federally recognized American Indian tribe or band in this state.
560.9801(3) (3) "Housing costs" means whichever of the following applies:
560.9801(3)(a) (a) For housing occupied by the owner, any of the following:
560.9801(3)(a)1. 1. The principal and interest on a mortgage loan that finances the purchase of the housing.
560.9801(3)(a)2. 2. Closing costs and other costs associated with a mortgage loan.
560.9801(3)(a)3. 3. Mortgage insurance.
560.9801(3)(a)4. 4. Property insurance.
560.9801(3)(a)5. 5. Utility-related costs.
560.9801(3)(a)6. 6. Property taxes.
560.9801(3)(a)7. 7. If the housing is owned and occupied by members of a cooperative or an unincorporated cooperative association, fees paid to a person for managing the housing.
560.9801(3)(b) (b) For rented housing, any of the following:
This is an archival version of the Wis. Stats. database for 2009. See Are the Statutes on this Website Official?