32,3320
Section
3320. 560.036 of the statutes is renumbered 16.287.
32,3321m
Section 3321m. 560.037 of the statutes is repealed.
32,3322
Section
3322. 560.04 of the statutes is repealed.
32,3323
Section
3323. 560.045 of the statutes is repealed.
32,3324
Section
3324. 560.047 of the statutes is repealed.
32,3325
Section
3325. 560.05 of the statutes is repealed.
32,3326
Section
3326. 560.07 of the statutes is repealed.
32,3327
Section
3327. 560.075 of the statutes is renumbered 238.12, and 238.12 (2), as renumbered, is amended to read:
238.12 (2) The department corporation may not award a grant or loan under this chapter to a person or certify a person to receive tax benefits unless the department corporation enters into an agreement with the person that requires the person to repay the grant, loan, or tax benefits if, within 5 years after receiving the grant or loan or being certified to receive tax benefits, the person ceases to conduct in this state the economic activity for which the person received the grant or loan or for which the person was certified to receive tax benefits and commences substantially the same economic activity outside this state.
32,3328
Section
3328. 560.08 (1), (2) (intro.), (a), (b), (c), (d), (e), (f), (g), (h), (i) and (j) of the statutes are repealed.
32,3329
Section
3329. 560.08 (2) (m) of the statutes is renumbered 238.26 and amended to read:
238.26 Report to investment board. No later than September 30 of each even-numbered year, the corporation shall submit to the investment board a report describing the types of investments in businesses in this state which that will have the greatest likelihood of enhancing economic development in this state.
32,3330c
Section 3330c. 560.081 (1) and (2) (intro.) and (a) of the statutes are renumbered 238.127 (2) (intro.) and (a), and 238.127 (2) (intro.), as renumbered, is amended to read:
238.127 (2) (intro.) The department
corporation shall establish and administer a state main street program to coordinate state and local participation in programs offered by the national main street center, created by the national trust for historic preservation, to assist municipalities in planning, managing and implementing programs for the revitalization of business areas. The department corporation shall do all of the following:
32,3330g
Section 3330g. 560.081 (2) (b) of the statutes is repealed.
32,3330m
Section 3330m. 560.081 (2) (c) to (h) of the statutes are renumbered 238.127 (2) (c) to (h), and 238.127 (2) (c) (intro.), (e), (f) 4. and (h), as renumbered, are amended to read:
238.127 (2) (c) (intro.) With help from the council on main street programs and from interested individuals and organizations, develop a plan describing the objectives of the state main street program and the methods by which the department corporation shall:
(e) Annually select, upon application, up to 5 municipalities to participate in the state main street program. The program for each municipality shall conclude after 3 years, except that the program for each municipality selected after July 29, 1995, shall conclude after 5 years. The department corporation shall select program participants representing various geographical regions and populations. A municipality may apply to participate, and the department corporation may select a municipality for participation, more than one time. In selecting a municipality, however, the department corporation may give priority to those municipalities that have not previously participated.
(f) 4. Local assistance in paying for the services of a design consultant recommended by the council on main street programs.
(h) Provide training, technical assistance and information on the revitalization of business areas to municipalities which do not participate in the state main street program. The department corporation may charge reasonable fees for the services and information provided under this paragraph. The department shall deposit all fees collected under this paragraph in the appropriation account under s. 20.143 (1) (g).
32,3330s
Section 3330s. 560.081 (2) (i) of the statutes is repealed.
32,3331
Section
3331. 560.082 of the statutes is repealed.
32,3332
Section
3332. 560.09 of the statutes is repealed.
32,3333
Section
3333. 560.097 of the statutes is renumbered 238.125 and amended to read:
238.125 Notification of position openings; compliance. The department corporation shall monitor compliance with the position-opening notification requirements under ss. 66.1103 (6m) and 106.16.
32,3334b
Section 3334b. 560.11 of the statutes is renumbered 285.795, and 285.795 (1) (a) and (2), as renumbered, are amended to read:
285.795 (1) (a) Advise the department of natural resources concerning the effectiveness of the small business stationary source technical and environmental compliance assistance program under s. 285.79, difficulties encountered by small business stationary sources, as defined in s. 285.79 (1), in complying with s. 299.15 and ch. 285 and the degree and severity of enforcement of s. 299.15 and ch. 285 against small business stationary sources.
(2) The employees of the department of commerce who staff the small business ombudsman clearinghouse under s. 560.03 (9) and the employees of the department of natural resources who staff the small business stationary source technical and environmental compliance assistance program under s. 285.79 shall provide the small business environmental council with the assistance necessary to comply with sub. (1).
32,3335
Section
3335. 560.125 (title) and (1) to (3) of the statutes are renumbered 101.45 (title) and (1) to (3).
32,3336
Section
3336. 560.125 (4) (a) to (e) of the statutes are renumbered 101.45 (4) (a) to (e), and 101.45 (4) (d), as renumbered, is amended to read:
101.45 (4) (d) In any fiscal year, the department may not pay to any one applicant more than 20 percent of the amount appropriated under s. 20.143 (3) 20.165 (2) (sm) for the fiscal year.
32,3337
Section
3337. 560.125 (4) (f) and (g) of the statutes are repealed.
32,3338
Section
3338. 560.125 (5) to (6) of the statutes are renumbered 101.45 (5) to (6).
32,3339
Section
3339. 560.126 of the statutes is repealed.
32,3340
Section
3340. 560.128 of the statutes is repealed.
32,3341
Section
3341. 560.13 (1), (2), (3), (5) and (6m) of the statutes are renumbered 238.13 (1), (2), (3), (5) and (6m), and 238.13 (2) (a) (intro.) and (b) 1., (3) (intro.) and (f) and (5), as renumbered, are amended to read:
238.13 (2) (a) (intro.) Subject to subs. (4) and (5), from the appropriation under s. 20.143 (1) (qm) the department The corporation may make a grant to a person if all of the following apply:
(b) 1. The contribution required under par. (a) 3. may be in cash or in-kind. Cash contributions may be of private or public funds, excluding funds obtained under the program under s. 560.17 or under any program under subch. II or V of this chapter. In-kind contributions shall be limited to actual remediation services.
(3) (intro.) The department corporation may consider the following criteria in making awards under this section:
(f) Any other factors considered by the department corporation to be relevant to assessing the viability and feasibility of the project.
(5) Before the department corporation awards a grant under this section, the department corporation shall consider the recommendations of the department of administration and the department of natural resources.
32,3342
Section
3342. 560.13 (4) of the statutes is repealed.
32,3343
Section
3343. 560.13 (6) of the statutes is repealed.
32,3344
Section
3344. 560.138 of the statutes is repealed.
32,3345
Section
3345. 560.139 of the statutes is repealed.
32,3346
Section
3346. 560.145 of the statutes is repealed.
32,3347
Section
3347. 560.15 of the statutes is repealed.
32,3348
Section
3348. 560.155 of the statutes is repealed.
32,3349
Section
3349. 560.157 of the statutes is repealed.
32,3350
Section
3350. 560.165 of the statutes is repealed.
32,3351
Section
3351. 560.167 of the statutes is repealed.
32,3352
Section
3352. 560.17 of the statutes is repealed.
32,3353
Section
3353. 560.19 of the statutes is repealed.
32,3354
Section
3354. 560.203 of the statutes is repealed.
32,3355g
Section 3355g. 560.204 (title), (1), (2) and (4) of the statutes are renumbered 73.15 (title), (1), (2) and (3), and 73.15 (1), (2) and (3), as renumbered, are amended to read:
73.15 (1) The department of revenue shall implement a program to certify health care providers as eligible for the electronic medical records credit under ss. 71.07 (5i), 71.28 (5i), and 71.47 (5i).
(2) If the department of revenue certifies a health care provider under sub. (1), the department shall determine the amount of credits to allocate to the health care provider. The total amount of electronic medical records credits allocated to health care providers in any year may not exceed $10,000,000.
(3) The department, in consultation with the department of revenue, shall promulgate rules to administer this section.
32,3355m
Section 3355m. 560.204 (3) of the statutes is repealed.
32,3356
Section
3356. 560.205 of the statutes is renumbered 238.15, and 238.15 (1) (intro.), (2) and (3) (a), (b), (d) (intro.), 1., 2. a. and b. and (e), as renumbered, are amended to read:
238.15 (1) Angel investment tax credits. (intro.) The department corporation shall implement a program to certify businesses for purposes of s. 71.07 (5d). A business desiring certification shall submit an application to the department corporation in each taxable year for which the business desires certification. The business shall specify in its application the investment amount it wishes to raise and the department corporation may certify the business and determine the amount that qualifies for purposes of s. 71.07 (5d). Unless otherwise provided under the rules of the department, a A business may be certified under this subsection, and may maintain such certification, only if the business satisfies all of the following conditions:
(2) Early stage seed investment tax credits. The department corporation shall implement a program to certify investment fund managers for purposes of ss. 71.07 (5b), 71.28 (5b), 71.47 (5b), and 76.638. An investment fund manager desiring certification shall submit an application to the department corporation. The investment fund manager shall specify in the application the investment amount that the manager wishes to raise and the department corporation may certify the manager and determine the amount that qualifies for purposes of ss. 71.07 (5b), 71.28 (5b), 71.47 (5b), and 76.638. In determining whether to certify an investment fund manager, the department corporation shall consider the investment fund manager's experience in managing venture capital funds, the past performance of investment funds managed by the applicant, the expected level of investment in the investment fund to be managed by the applicant, and any other relevant factors. The department corporation may certify only investment fund managers that commit to consider placing investments in businesses certified under sub. (1).
(3) (a) List of certified businesses and investment fund managers. The department corporation shall maintain a list of businesses certified under sub. (1) and investment fund managers certified under sub. (2) and shall permit public access to the lists through the department's corporation's Internet Web site.
(b) Notification of department of revenue. The department of commerce corporation shall notify the department of revenue of every certification issued under sub. subs. (1) and (2) and the date on which any such certification is revoked or expires.
(d) Rules. (intro.) The department of commerce corporation, in consultation with the department of revenue, shall promulgate adopt rules to administer this section. The rules shall further define "bona fide angel investment" for purposes of s. 71.07 (5d) (a) 1. The rules shall limit the aggregate amount of tax credits under s. 71.07 (5d) that may be claimed for investments in businesses certified under sub. (1) at $3,000,000 per calendar year for calendar years beginning after December 31, 2004, and before January 1, 2008, $5,500,000 per calendar year for calendar years beginning after December 31, 2007, and before January 1, 2010, $6,500,000 for calendar year 2010, and $20,000,000 per calendar year for calendar years beginning after December 31, 2010, plus, for taxable years beginning after December 31, 2010, an additional $250,000 for tax credits that may be claimed for investments in nanotechnology businesses certified under sub. (1). The rules shall also limit the aggregate amount of the tax credits under ss. 71.07 (5b), 71.28 (5b), 71.47 (5b), and 76.638 that may be claimed for investments paid to fund managers certified under sub. (2) at $3,500,000 per calendar year for calendar years beginning after December 31, 2004, and before January 1, 2008, $6,000,000 per calendar year for calendar years beginning after December 31, 2007, and before January 1, 2010, $8,000,000 for calendar year 2010, and $20,500,000 per calendar year for calendar years beginning after December 31, 2010, plus, for taxable years beginning after December 31, 2010, an additional $250,000 for tax credits that may be claimed for investments in nanotechnology businesses certified under sub. (1). The rules shall also provide that, for calendar years beginning after December 31, 2007, no person may receive a credit under ss. 71.07 (5b) and (5d), 71.28 (5b), 71.47 (5b), or 76.638 unless the person's investment is kept in a certified business, or with a certified fund manager, for no less than 3 years. The rules shall permit the department corporation to reallocate credits under this section that are unused in any calendar year to a person eligible for tax benefits, as defined under s. 560.2055 238.16 (1) (d), if all of the following apply:
1. The department corporation notifies the joint committee on finance in writing of its proposed reallocation.
2. a. The cochairpersons of the joint committee on finance fail to notify the department corporation, within 14 working days after the date of the department's
corporation's notification under subd. 1., that the committee has scheduled a meeting for the purpose of reviewing the proposed reallocation.
b. The cochairpersons of the joint committee on finance notify the department corporation that the committee has approved the proposed reallocation.
(e) Transfer. A person who is eligible to claim a credit under s. 71.07 (5b), 71.28 (5b), 71.47 (5b), or 76.638 may sell or otherwise transfer the credit to another person who is subject to the taxes or fees imposed under s. 71.02, 71.23, 71.47, or subch. III of ch. 76, if the person receives prior authorization from the investment fund manager and the manager then notifies the department of commerce corporation and the department of revenue of the transfer and submits with the notification a copy of the transfer documents. No person may sell or otherwise transfer a credit as provided in this paragraph more than once in a 12-month period. The department corporation may charge any person selling or otherwise transferring a credit under this paragraph a fee equal to 1 percent of the credit amount sold or transferred. The department shall deposit all fees collected under this paragraph in the appropriation account under s. 20.143 (1) (gm).
32,3357
Section
3357. 560.2055 (title) and (1) of the statutes are renumbered 238.16 (title) and (1).
32,3358
Section
3358. 560.2055 (2) of the statutes is renumbered 238.16 (2), and 238.16 (2) (intro.) and (b), as renumbered, are amended to read:
238.16 (2) (intro.) The department
corporation may certify a person to receive tax benefits under this section if all of the following apply:
(b) The person applies under this section and enters into a contract with the department corporation.
32,3359m
Section 3359m. 560.2055 (3) of the statutes is renumbered 238.16 (3), and 238.16 (3) (intro.), (a) and (b) of the statutes, as renumbered, are amended to read:
238.16 (3) Eligibility for tax benefits. (intro.) A person certified under sub. (2) may receive tax benefits under this section if, in each year for which the person claims tax benefits under this section, the person increases net employment in the person's business, and one of the following apply applies:
(a) In a tier I county or municipality, an eligible employee for whom the person claims a tax credit will earn at least $20,000 but not more than $100,000 in wages from the person in the year for which the credit is claimed.
(b) In a tier II county or municipality, an eligible employee for whom the person claims a tax credit will earn at least $30,000 but not more than $100,000 in wages from the person in the year for which the credit is claimed.
32,3362
Section
3362. 560.2055 (4) (title) and (a) of the statutes are renumbered 238.16 (4) (title) and (a).
32,3363m
Section 3363m. 560.2055 (4) (b) 1. of the statutes is renumbered 238.16 (4) (b) 1. and amended to read:
238.16 (4) (b) 1. The department
corporation may award to a person certified under sub. (2) tax benefits for each eligible employee in an amount equal to up to 10 percent of the wages paid by the person to that employee or $10,000, whichever is less, if that employee earned wages in the year for which the tax benefit is claimed equal to one of the following:
a. In a tier I county or municipality, at least $20,000 but not more than $100,000.
b. In a tier II county or municipality, at least $30,000 but not more than $100,000.
32,3365
Section
3365. 560.2055 (4) (b) 2. and (c) of the statutes are renumbered 238.16 (4) (b) 2. and (c) and amended to read:
238.16 (4) (b) 2. The department
corporation may award to a person certified under sub. (2) tax benefits in an amount to be determined by the department by rule corporation for costs incurred by the person to undertake the training activities described in sub. (3) (c).
(c) Subject to a reallocation by the department
corporation pursuant to rules promulgated adopted under s. 560.205 238.215 (3) (d), the department corporation may allocate up to $5,000,000 in tax benefits under this section in any calendar year.
32,3366
Section
3366. 560.2055 (5) of the statutes is renumbered 238.16 (5), and 238.16 (5) (title), (a), (b), (c), (d), (e) and (f) (intro.) and 1. (intro.), as renumbered, are amended to read:
238.16 (5) (title) Duties of the department corporation. (a) The department of commerce corporation shall notify the department of revenue when the department of commerce corporation certifies a person to receive tax benefits.
(b) The department of commerce corporation shall notify the department of revenue within 30 days of revoking a certification made under sub. (2).
(c) The department corporation may require a person to repay any tax benefits the person claims for a year in which the person failed to maintain employment required by an agreement under sub. (2) (b).
