SB148,91 21Section 91. 45.31 (2) of the statutes is amended to read:
SB148,36,2322 45.31 (2) "Authority" means the Forward Wisconsin Housing and Economic
23Development Authority.
SB148,92 24Section 92. 45.34 (1) (a) 2. of the statutes is amended to read:
SB148,37,2
145.34 (1) (a) 2. A home and eligible rehabilitation of a home, as defined in s.
2234.49 235.49 (1) (d).
SB148,93 3Section 93. 45.37 (6) (b) of the statutes is amended to read:
SB148,37,114 45.37 (6) (b) Loans made under this section may be purchased by the authority
5from the veterans housing loan fund under s. 234.41 235.41. All receipts of interest,
6except amounts retained as servicing fees by the authorized lenders servicing the
7loans purchased by the authority, and principal on the loans, payments of losses by
8insurers not used for restoration of the property securing the loans, and any other
9collections, shall be deposited by the authority into the veterans housing bond
10redemption fund under s. 234.43 235.43 and shall be disbursed from the fund as
11provided in s. 234.43 235.43 (2).
SB148,94 12Section 94. 46.28 (1) (a) of the statutes is amended to read:
SB148,37,1413 46.28 (1) (a) "Authority" means the Forward Wisconsin Housing and Economic
14Development Authority created under ch. 234 235.
SB148,95 15Section 95. 46.28 (3) of the statutes is amended to read:
SB148,37,1716 46.28 (3) The department may authorize the authority to issue revenue bonds
17under s. 234.61 235.61 to finance any residential facility it approves under sub. (2).
SB148,96 18Section 96. 46.28 (4) of the statutes is amended to read:
SB148,37,2119 46.28 (4) The department may charge sponsors for administrative costs and
20expenses it incurs in exercising its powers and duties under this section and under
21s. 234.61 235.61.
SB148,97 22Section 97. 59.57 (1) (a) of the statutes is amended to read:
SB148,38,923 59.57 (1) (a) Subject to par. (b), the board may appropriate money for and create
24a county industrial development agency or to any nonprofit agency organized to
25engage or engaging in activities described in this paragraph, appoint an executive

1officer and provide a staff and facilities to promote and develop the resources of the
2county and of its component municipalities. To this end the agency may, without
3limitation because of enumeration, develop data regarding the industrial needs,
4advantages and sites in the county, acquaint the purchaser with the products of the
5county by promotional activities, coordinate its work with that of the county
6planning commission, the Wisconsin Economic Development Corporation Forward
7Wisconsin Development Authority
, and private credit development corporations,
8and do all things necessary to provide for the continued improvement of the
9industrial climate of the county.
SB148,98 10Section 98. 60.23 (4) (c) of the statutes is amended to read:
SB148,38,1311 60.23 (4) (c) Coordinate its activities with the county planning commission, the
12Wisconsin Economic Development Corporation Forward Wisconsin Development
13Authority
, and private credit development organizations.
SB148,99 14Section 99. 66.1015 (2) (intro.) of the statutes is amended to read:
SB148,38,1715 66.1015 (2) (intro.) This section does not prohibit a city, village, town, county,
16or housing authority or the Forward Wisconsin Housing and Economic Development
17Authority from doing any of the following:
SB148,100 18Section 100. 66.1103 (4m) (a) 1. of the statutes is amended to read:
SB148,38,2419 66.1103 (4m) (a) 1. The person, at least 30 days prior to entering into the
20revenue agreement, has given a notice of intent to enter into the agreement, on a
21form prescribed under s. 238.11   235.11 (1), to the Wisconsin Economic Development
22Corporation
Forward Wisconsin Development Authority and to any collective
23bargaining agent in this state with whom the person has a collective bargaining
24agreement.
SB148,101 25Section 101. 66.1103 (4m) (a) 2. of the statutes is amended to read:
SB148,39,7
166.1103 (4m) (a) 2. The municipality or county has received an estimate issued
2under s. 238.11   235.11 (5), and the Wisconsin Economic Development Corporation
3Forward Wisconsin Development Authority has estimated whether the project
4which the municipality or county would finance under the revenue agreement is
5expected to eliminate, create, or maintain jobs on the project site and elsewhere in
6this state and the net number of jobs expected to be eliminated, created, or
7maintained as a result of the project.
SB148,102 8Section 102. 66.1103 (4m) (b) of the statutes is amended to read:
SB148,39,169 66.1103 (4m) (b) Any revenue agreement which an eligible participant enters
10into with a municipality or county to finance a project shall require the eligible
11participant to submit to the Wisconsin Economic Development Corporation Forward
12Wisconsin Development Authority
within 12 months after the project is completed
13or 2 years after a revenue bond is issued to finance the project, whichever is sooner,
14on a form prescribed under s. 238.11   235.11 (1), the net number of jobs eliminated,
15created, or maintained on the project site and elsewhere in this state as a result of
16the project.
SB148,103 17Section 103. 66.1103 (4s) (a) 1. of the statutes is amended to read:
SB148,39,1918 66.1103 (4s) (a) 1. "Corporation" "Authority" means the Wisconsin Economic
19Development Corporation
Forward Wisconsin Development Authority.
SB148,104 20Section 104. 66.1103 (4s) (b) 3. of the statutes is amended to read:
SB148,39,2521 66.1103 (4s) (b) 3. The employer shall certify compliance with this subsection
22to the corporation authority, to the governing body of each municipality or county
23within which a lost job exists and to any collective bargaining agent in this state with
24which the employer has a collective bargaining agreement at the project site or at a
25site where a lost job exists.
SB148,105
1Section 105. 66.1103 (4s) (b) 4. of the statutes is amended to read:
SB148,40,72 66.1103 (4s) (b) 4. The employer shall submit a report to the corporation
3authority every 3 months during the first year after the construction of the project
4is completed. The reports shall provide information about new jobs, lost jobs, and
5offers of employment made to persons who were formerly employed at lost jobs. The
64th report shall be the final report. The form and content of the reports shall be
7prescribed by the corporation authority under par. (d).
SB148,106 8Section 106. 66.1103 (4s) (d) of the statutes is amended to read:
SB148,40,109 66.1103 (4s) (d) The corporation authority shall administer this subsection and
10shall prescribe forms for certification and reports under par. (b).
SB148,107 11Section 107. 66.1103 (10) (c) of the statutes is amended to read:
SB148,40,2012 66.1103 (10) (c) A copy of the initial resolution together with a statement
13indicating when the public notice required under par. (b) was published shall be filed
14with the Wisconsin Economic Development Corporation Forward Wisconsin
15Development Authority
within 20 days following publication of notice. Prior to the
16closing of the bond issue, the corporation authority may require additional
17information from the eligible participant or the municipality or county. After the
18closing of the bond issue, the corporation authority shall be notified of the closing
19date, any substantive changes made to documents previously filed with the
20corporation authority, and the principal amount of the financing.
SB148,108 21Section 108. 66.1103 (10) (g) of the statutes is amended to read:
SB148,41,222 66.1103 (10) (g) Bonds may not be issued unless prior to adoption of an initial
23resolution a document which provides a good faith estimate of attorney fees which
24will be paid from bond proceeds is filed with the clerk of the municipality or county

1and the Wisconsin Economic Development Corporation Forward Wisconsin
2Development Authority
.
SB148,109 3Section 109. 66.1107 (2) (a) of the statutes is amended to read:
SB148,41,124 66.1107 (2) (a) Holding of a public hearing by the planning commission or by
5the local governing body at which interested parties are afforded a reasonable
6opportunity to express their views on the proposed designation and boundaries of a
7reinvestment neighborhood or area. Notice of the hearing shall be published as a
8class 2 notice, under ch. 985. Before publication, a copy of the notice shall be sent
9by 1st class mail to the Forward Wisconsin Housing and Economic Development
10Authority, and a copy shall be posted in each school building and in at least 3 other
11places of public assembly within the reinvestment neighborhood or area proposed to
12be designated.
SB148,110 13Section 110. 66.1201 (16) (a) of the statutes is amended to read:
SB148,41,1514 66.1201 (16) (a) In this subsection, "government" includes the Forward
15Wisconsin Housing and Economic Development Authority.
SB148,111 16Section 111. 66.1205 (3) of the statutes is amended to read:
SB148,41,1917 66.1205 (3) Subsection (1) (a) and (c) does not apply in the case of housing
18projects to the financing of which the Forward Wisconsin Housing and Economic
19Development Authority is a party, as to which ch. 234 235 shall be controlling.
SB148,112 20Section 112. 66.1213 (7) (b) of the statutes is amended to read:
SB148,41,2321 66.1213 (7) (b) As set down by the Forward Wisconsin Housing and Economic
22Development Authority in accordance with ch. 234 235 in the case of housing projects
23to the financing of which it is a party.
SB148,113 24Section 113. 70.11 (4b) (b) of the statutes is amended to read:
SB148,42,2
170.11 (4b) (b) It is financed by the Housing and Economic Development
2Authority under s. 234.03 (13), 2013 stats.
SB148,114 3Section 114. 70.11 (4b) (c) of the statutes is amended to read:
SB148,42,54 70.11 (4b) (c) The Housing and Economic Forward Wisconsin Development
5Authority holds a first-lien mortgage security interest on it.
SB148,115 6Section 115. 70.11 (38r) of the statutes is amended to read:
SB148,42,117 70.11 (38r) Economic Development Corporation Forward Authority. All
8property owned by the Wisconsin Economic Development Corporation Forward
9Wisconsin Development Authority
, provided that use of the property is primarily
10related to the purposes of the Wisconsin Economic Development Corporation
11Forward Wisconsin Development Authority.
SB148,116 12Section 116. 71.05 (1) (c) 1. of the statutes is amended to read:
SB148,42,1613 71.05 (1) (c) 1. The Wisconsin Housing and Economic Development Authority
14under s. 234.65, 2013 stats., if the bonds are used to fund an economic development
15loan to finance construction, renovation, or development of property that would be
16exempt under s. 70.11 (36).
SB148,117 17Section 117. 71.05 (1) (c) 1m. of the statutes is amended to read:
SB148,42,2218 71.05 (1) (c) 1m. The Wisconsin Housing and Economic Development Authority
19under s. 234.08, 2013 stats., or s. 234.61, 2013 stats., on or after January 1, 2004, or
20the Forward Wisconsin Development Authority under s. 235.02 or 235.61,
if the
21bonds or notes are issued to fund multifamily affordable housing projects or elderly
22housing projects.
SB148,118 23Section 118. 71.05 (1) (c) 10. a. of the statutes is amended to read:
SB148,43,324 71.05 (1) (c) 10. a. The bonds or notes are used to fund multifamily affordable
25housing projects or elderly housing projects in this state, and the Wisconsin Housing

1and Economic Development Authority under ch. 234, 2013 stats., or the Forward
2Wisconsin Development Authority
has the authority to issue its bonds or notes for
3the project being funded.
SB148,119 4Section 119. 71.05 (1) (c) 12. of the statutes is amended to read:
SB148,43,85 71.05 (1) (c) 12. The Wisconsin Housing and Economic Development Authority
6or the Forward Wisconsin Development Authority, if the bonds or notes are issued
7to provide loans to a public affairs network under s. 234.75 (4), 2013 stats., or s.
8235.75 (4)
.
SB148,120 9Section 120. 71.07 (2dm) (a) 1. of the statutes is amended to read:
SB148,43,1410 71.07 (2dm) (a) 1. "Certified" means entitled under s. 235.395 (3) (a) 4. or s.
11238.395 (3) (a) 4., 2013 stats., or s. 560.795 (3) (a) 4., 2009 stats., to claim tax benefits
12or certified under s. 235.395 (5), 235.398 (5), or 235.3995 (4) or s. 238.395 (5), 2013
13stats., s.
238.398 (5), 2013 stats., or s. 238.3995 (4), 2013 stats., or s. 560.795 (5), 2009
14stats., s. 560.798 (3), 2009 stats., or s. 560.7995 (4), 2009 stats.
SB148,121 15Section 121. 71.07 (2dm) (a) 3. of the statutes is amended to read:
SB148,43,2016 71.07 (2dm) (a) 3. "Development zone" means a development opportunity zone
17under   s. 235.395 (1) (e) and (f) or 235.398 or s. 238.395 (1) (e) and (f), 2013 stats., or
18s. 238.398, 2013 stats., or s. 560.795 (1) (e) and (f), 2009 stats., or s. 560.798, 2009
19stats., or an airport development zone under s. 235.3995 or s. 238.3995, 2013 stats.,
20or s. 560.7995, 2009 stats.
SB148,122 21Section 122. 71.07 (2dm) (a) 4. of the statutes is amended to read:
SB148,44,622 71.07 (2dm) (a) 4. "Previously owned property" means real property that the
23claimant or a related person owned during the 2 years prior to the department of
24commerce or the Wisconsin Economic Development Corporation or the Forward
25Wisconsin Development Authority
designating the place where the property is

1located as a development zone and for which the claimant may not deduct a loss from
2the sale of the property to, or an exchange of the property with, the related person
3under section 267 of the Internal Revenue Code, except that section 267 (b) of the
4Internal Revenue Code is modified so that if the claimant owns any part of the
5property, rather than 50% ownership, the claimant is subject to section 267 (a) (1) of
6the Internal Revenue Code for purposes of this subsection.
SB148,123 7Section 123. 71.07 (2dm) (f) 1. of the statutes is amended to read:
SB148,44,128 71.07 (2dm) (f) 1. A copy of the verification that the claimant may claim tax
9benefits under s. 235.395 (3) (a) 4. or s. 238.395 (3) (a) 4., 2013 stats., or s. 560.795
10(3) (a) 4., 2009 stats., or is certified under s. 235.395 (5), 235.398 (3), or 235.3995 (4)
11or
s. 238.395 (5), 2013 stats., s. 238.398 (3) , 2013 stats., or s. 238.3995 (4), 2013 stats.,
12or s. 560.795 (5), 2009 stats., s. 560.798 (3), 2009 stats., or s. 560.7995 (4), 2009 stats.
SB148,124 13Section 124. 71.07 (2dm) (f) 2. of the statutes is amended to read:
SB148,44,1714 71.07 (2dm) (f) 2. A statement from the department of commerce or the
15Wisconsin Economic Development Corporation or the Forward Wisconsin
16Development Authority
verifying the purchase price of the investment and verifying
17that the investment fulfills the requirements under par. (b).
SB148,125 18Section 125. 71.07 (2dm) (i) of the statutes is amended to read:
SB148,45,819 71.07 (2dm) (i) Partnerships, limited liability companies, and tax-option
20corporations may not claim the credit under this subsection, but the eligibility for,
21and the amount of, that credit shall be determined on the basis of their economic
22activity, not that of their shareholders, partners, or members. The corporation,
23partnership, or limited liability company shall compute the amount of credit that
24may be claimed by each of its shareholders, partners, or members and provide that
25information to its shareholders, partners, or members. Partners, members of limited

1liability companies, and shareholders of tax-option corporations may claim the
2credit based on the partnership's, company's, or corporation's activities in proportion
3to their ownership interest and may offset it against the tax attributable to their
4income from the partnership's, company's, or corporation's business operations in the
5development zone; except that partners, members, and shareholders in a
6development zone under s. 235.395 (1) (e) or s. 238.395 (1) (e), 2013 stats., or s.
7560.795 (1) (e), 2009 stats., may offset the credit against the amount of the tax
8attributable to their income.
SB148,126 9Section 126. 71.07 (2dm) (j) of the statutes is amended to read:
SB148,45,2210 71.07 (2dm) (j) If a person who is entitled under s. 235.395 (3) (a) 4. or s. 238.395
11(3) (a) 4., 2013 stats., or s. 560.795 (3) (a) 4., 2009 stats., to claim tax benefits becomes
12ineligible for such tax benefits, or if a person's certification under s. 235.395 (5),
13235.398 (3), or 235.3995 (4) or
s. 238.395 (5), 2013 stats., s. 238.398 (3), 2013 stats.,
14or s. 238.3995 (4), 2013 stats., or s. 560.795 (5), 2009 stats., s. 560.798 (3), 2009 stats.,
15or s. 560.7995 (4), 2009 stats., is revoked, that person may claim no credits under this
16subsection for the taxable year that includes the day on which the person becomes
17ineligible for tax benefits, the taxable year that includes the day on which the
18certification is revoked, or succeeding taxable years, and that person may carry over
19no unused credits from previous years to offset tax under this chapter for the taxable
20year that includes the day on which the person becomes ineligible for tax benefits,
21the taxable year that includes the day on which the certification is revoked, or
22succeeding taxable years.
SB148,127 23Section 127. 71.07 (2dm) (k) of the statutes is amended to read:
SB148,46,724 71.07 (2dm) (k) If a person who is entitled under s. 235.395 (3) (a) 4. or s.
25238.395 (3) (a) 4., 2013 stats., or s. 560.795 (3) (a) 4., 2009 stats., to claim tax benefits

1or certified under s. 235.395 (5), 235.398 (3), or 235.3995 (4) or s. 238.395 (5), 2013
2stats., s.
238.398 (3), 2013 stats., or s. 238.3995 (4), 2013 stats., or s. 560.795 (5), 2009
3stats., s. 560.798 (3), 2009 stats., or s. 560.7995 (4), 2009 stats., ceases business
4operations in the development zone during any of the taxable years that that zone
5exists, that person may not carry over to any taxable year following the year during
6which operations cease any unused credits from the taxable year during which
7operations cease or from previous taxable years.
SB148,128 8Section 128. 71.07 (2dx) (a) 2. of the statutes is amended to read:
SB148,46,159 71.07 (2dx) (a) 2. "Development zone" means a development zone under s.
10235.30 or
s. 238.30, 2013 stats., or s. 560.70, 2009 stats., a development opportunity
11zone under s. 235.395 or s. 238.395, 2013 stats., or s. 560.795, 2009 stats., an
12enterprise development zone under s. 235.397 or s. 238.397, 2013 stats., or s.
13560.797, 2009 stats., an agricultural development zone under s. 235.398 or s.
14238.398, 2013 stats., or s. 560.798, 2009 stats., or an airport development zone under
15s. 235.3995 or s. 238.3995, 2013 stats., or s. 560.7995, 2009 stats.
SB148,129 16Section 129. 71.07 (2dx) (a) 4. of the statutes is amended to read:
SB148,46,1817 71.07 (2dx) (a) 4. "Full-time job" has the meaning given in s. 238.30 235.30
18(2m).
SB148,130 19Section 130. 71.07 (2dx) (b) (intro.), 2., 3., 4. and 5. of the statutes are amended
20to read:
SB148,47,421 71.07 (2dx) (b) Credit. (intro.) Except as provided in pars. (be) and (bg) and
22in s. 73.03 (35), and subject to s. 235.385 or s. 238.385, 2013 stats., or s. 560.785, 2009
23stats., for any taxable year for which the person is entitled under s. 235.395 (3) or s.
24238.395 (3), 2013 stats., or s. 560.795 (3), 2009 stats., to claim tax benefits or certified
25under s. 235.365 (3). 235.397 (4), 235.398 (3), or 235.3995 or s. 238.365 (3), 2013

1stats., s.
238.397 (4), 2013 stats., s. 238.398 (3), 2013 stats., or s. 238.3995 (4), 2013
2stats.,
or s. 560.765 (3), 2009 stats., s. 560.797 (4), 2009 stats., s. 560.798 (3), 2009
3stats., or s. 560.7995 (4), 2009 stats., any person may claim as a credit against the
4taxes otherwise due under this chapter the following amounts:
SB148,47,95 2. The amount determined by multiplying the amount determined under s.
6235.385 (1) (b) or
s. 238.385 (1) (b), 2013 stats., or s. 560.785 (1) (b), 2009 stats., by
7the number of full-time jobs created in a development zone and filled by a member
8of a targeted group and by then subtracting the subsidies paid under s. 49.147 (3) (a)
9for those jobs.
SB148,47,1410 3. The amount determined by multiplying the amount determined under s.
11235.385 (1) (c) or
s. 238.385 (1) (c), 2013 stats., or s. 560.785 (1) (c), 2009 stats., by the
12number of full-time jobs created in a development zone and not filled by a member
13of a targeted group and by then subtracting the subsidies paid under s. 49.147 (3) (a)
14for those jobs.
SB148,47,2215 4. The amount determined by multiplying the amount determined under s.
16235.385 (1) (bm) or
s. 238.385 (1) (bm), 2013 stats., or s. 560.785 (1) (bm), 2009 stats.,
17by the number of full-time jobs retained, as provided in the rules under s. 235.385
18or
s. 238.385, 2013 stats., or s. 560.785, 2009 stats., excluding jobs for which a credit
19has been claimed under sub. (2dj), in an enterprise development zone under s.
20235.397 or
s. 238.397, 2013 stats., or s. 560.797, 2009 stats., and for which significant
21capital investment was made and by then subtracting the subsidies paid under s.
2249.147 (3) (a) for those jobs.
SB148,48,423 5. The amount determined by multiplying the amount determined under s.
24235.385 (1) (c) or
s. 238.385 (1) (c), 2013 stats., or s. 560.785 (1) (c), 2009 stats., by the
25number of full-time jobs retained, as provided in the rules under s. 235.385 or s.

1238.385, 2013 stats., or s. 560.785, 2009 stats., excluding jobs for which a credit has
2been claimed under sub. (2dj), in a development zone and not filled by a member of
3a targeted group and by then subtracting the subsidies paid under s. 49.147 (3) (a)
4for those jobs.
SB148,131 5Section 131. 71.07 (2dx) (be) of the statutes is amended to read:
SB148,48,116 71.07 (2dx) (be) Offset. A claimant in a development zone under s. 235.395 (1)
7(e) or
s. 238.395 (1) (e), 2013 stats., or s. 560.795 (1) (e), 2009 stats., may offset any
8credits claimed under this subsection, including any credits carried over, against the
9amount of the tax otherwise due under this subchapter attributable to all of the
10claimant's income and against the tax attributable to income from directly related
11business operations of the claimant.
SB148,132 12Section 132. 71.07 (2dx) (bg) of the statutes is amended to read:
SB148,48,2413 71.07 (2dx) (bg) Other entities. For claimants in a development zone under s.
14235.395 (1) (e) or
s. 238.395 (1) (e), 2013 stats., or s. 560.795 (1) (e), 2009 stats.,
15partnerships, limited liability companies, and tax-option corporations may not
16claim the credit under this subsection, but the eligibility for, and amount of, that
17credit shall be determined on the basis of their economic activity, not that of their
18shareholders, partners, or members. The corporation, partnership, or company shall
19compute the amount of the credit that may be claimed by each of its shareholders,
20partners, or members and shall provide that information to each of its shareholders,
21partners, or members. Partners, members of limited liability companies, and
22shareholders of tax-option corporations may claim the credit based on the
23partnership's, company's, or corporation's activities in proportion to their ownership
24interest and may offset it against the tax attributable to their income.
SB148,133 25Section 133. 71.07 (2dx) (c) of the statutes is amended to read:
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