SB21,1460,1613 235.0279 (3) Records consisting of information on the In Force Network or
14other similar customer relationship management system maintained by the
15authority, unless the information was published to the In Force Network or other
16system by the authority or another economic development organization.
SB21,3936 17Section 3936. Subchapter II (title) of chapter 235 [precedes 235.03] of the
18statutes is created to read:
SB21,1460,1919 chapter 235
SB21,1460,2020 Subchapter iI
SB21,1460,2121 Economic Development
SB21,3937 22Section 3937. 235.03 (3) (ad), (ah), (ap) and (at) of the statutes are created to
23read:
SB21,1461,424 235.03 (3) (ad) That each recipient of a grant or loan under the program of at
25least $500,000 shall engage an independent certified public accountant to perform

1procedures, approved by the authority and consistent with applicable professional
2standards of the American Institute of Certified Public Accountants, to determine
3whether the grant or loan funds and any matching cash or in-kind match were
4expended in accordance with the grant or loan contract.
SB21,1461,65 (ah) That each recipient make available for inspection the documents
6supporting the attestation submitted under par. (a).
SB21,1461,87 (ap) That the contract with each grant or loan recipient shall include the
8requirements under pars. (a) to (ah).
SB21,1461,129 (at) The requirements of pars. (a) to (ap) do not apply to a department, as
10defined in s. 15.01 (5), an independent agency, as defined in s. 15.01 (9), an authority
11created under subch. II of ch. 114 or under ch. 231, 233, 235, 237, or 279, or the
12University of Wisconsin System.
SB21,3938 13Section 3938. 235.137 of the statutes is created to read:
SB21,1461,18 14235.137 Regional revolving loan fund grant program. From the
15appropriation under s. 20.885 (3) (am), and from moneys transferred by the authority
16from existing programs, the authority shall establish a regional revolving loan fund
17grant program. The authority shall establish policies and procedures relating to the
18program, including all of the following:
SB21,1461,20 19(1) Grants shall be awarded to multicounty regions in proportionate amounts
20based upon the percentage of the state population residing within each region.
SB21,1461,22 21(2) Grants shall be awarded only to regional organizations having sufficient
22private sector involvement, as determined by the authority.
SB21,1461,24 23(3) The authority shall approve the structure, regional investment strategy,
24and administrative guidelines of regional loan funds.
SB21,1462,3
1(4) Each regional organization awarded a grant shall, at a time determined by
2the authority, make a report to the authority containing information required by the
3authority.
SB21,1462,6 4(5) For each regional organization awarded a grant, the authority may
5annually assess a fee as a percentage of the moneys managed to the extent necessary
6to reimburse the authority for costs incurred for oversight and management.
SB21,3939 7Section 3939. 235.16 (6) of the statutes is created to read:
SB21,1462,98 235.16 (6) Sunset. The authority may not award any tax benefits under this
9section after June 30, 2015.
SB21,3940 10Section 3940. 235.17 (1) (b) of the statutes is created to read:
SB21,1462,1611 235.17 (1) (b) The authority may not certify a person for a tax credit under this
12subsection if the person is not subject to the taxes imposed under s. 71.02, 71.08,
1371.23, or 71.43, except that the authority may certify a nonprofit entity described
14under section 501 (c) (3) of the Internal Revenue Code for a tax credit under this
15subsection if the entity intends to sell or otherwise transfer the credit, as provided
16under s. 71.07 (9m) (h), 71.28 (6) (h), or 71.47 (6) (h).
SB21,3941 17Section 3941. 235.17 (2) of the statutes is created to read:
SB21,1462,1918 235.17 (2) The authority may certify up to $10,000,000 in tax credits under sub.
19(1) in any calendar year.
SB21,3942 20Section 3942. 235.17 (3) of the statutes is created to read:
SB21,1462,2321 235.17 (3) In determining whether to certify a person for a tax credit under sub.
22(1), the authority shall consider all of the following with respect to the activity for
23which the tax credit is claimed:
SB21,1462,2424 (a) The number of full-time jobs that may be created.
SB21,1463,2
1(b) The anticipated benefit to the state of the activity relative to the cost to the
2state of the tax credit.
SB21,1463,33 (c) The projected impact of the activity on the local economy.
SB21,1463,54 (d) Whether the activity or investments associated with the activity would
5occur without the tax credit.
SB21,1463,76 (e) The number of tax credits that have been certified under sub. (1) in the same
7county or municipality in prior years.
SB21,3942d 8Section 3942d. 235.17 (4) of the statutes is created to read:
SB21,1463,169 235.17 (4) For 4 years following receipt of a tax credit under sub. (1), the
10original claimant shall report to the authority the total number of full-time jobs
11created by the activity for which the credit was claimed. The authority shall report
12to the department of revenue, at least once each calendar quarter, any claimant
13whose activity created fewer full-time jobs than projected under sub. (3) (a). The
14authority shall report to the department of revenue the name, address, and tax
15identification number of the claimant, and the number of full-time jobs projected
16and created.
SB21,3943 17Section 3943. 235.17 (5) of the statutes is created to read:
SB21,1463,1918 235.17 (5) The authority shall adopt policies and procedures for the
19administration of this section, including all of the following:
SB21,1463,2020 (a) Process by which applicants may apply for certification under sub. (1).
SB21,1463,2121 (b) Certification of the tax credit, in accordance with sub. (3).
SB21,1463,2222 (c) Reporting requirements for certified claimants.
SB21,1463,2323 (d) Process and criteria for revocation of certification.
SB21,3944 24Section 3944. 235.30 (7) (e) of the statutes is created to read:
SB21,1464,2
1235.30 (7) (e) In s. 235.308, "tax benefits" means the business development tax
2credit under ss. 71.07 (3y), 71.28 (3y), and 71.47 (3y).
SB21,3945 3Section 3945. 235.303 (4) of the statutes is created to read:
SB21,1464,54 235.303 (4) Sunset. The corporation may not award any tax benefits under ss.
5238.301 to 238.306 after June 30, 2015.
SB21,3946 6Section 3946. 235.308 of the statutes is created to read:
SB21,1464,8 7235.308 Business development tax credit. (1) Definition. In this section,
8"eligible position" means a full-time job offered by a person certified under sub. (2).
SB21,1464,10 9(2) Certification. (a) The authority may certify a person to receive tax benefits
10under this section if all of the following apply:
SB21,1464,1111 1. The person is operating or intends to operate a business in this state.
SB21,1464,1312 2. The person applies under this section and enters into a contract with the
13authority.
SB21,1464,1514 (b) The certification of a person under par. (a) may remain in effect for no more
15than 10 cumulative years.
SB21,1464,21 16(3) Eligibility for tax benefits. A person is eligible to receive tax benefits if,
17in each year for which the person claims tax benefits under this section, the person
18increases net employment in this state in the person's business above the net
19employment in this state in the person's business during the year before the person
20was certified under sub. (2), as determined by the authority under its policies and
21procedures.
SB21,1464,23 22(4) Awards, limits, expiration. (a) The authority may award all of the following
23tax benefits to a person certified under sub. (2):
SB21,1464,2524 1. An amount equal to up to 10 percent of the amount of wages that the person
25paid to an employee in an eligible position in the taxable year.
SB21,1465,4
12. An amount equal to up to 5 percent of the amount of wages that the person
2paid to an employee in an eligible position in the taxable year, if the eligible position
3is offered at the claimant's business in an economically distressed area, as
4determined by the authority.
SB21,1465,95 3. An amount equal to up to 50 percent of the person's training costs incurred
6to undertake activities to enhance an employee's general knowledge, employability,
7and flexibility in the workplace; to develop skills unique to the person's workplace
8or equipment; or to develop skills that will increase the quality of the person's
9product.
SB21,1465,1410 4. An amount equal to up to 3 percent of the person's personal property
11investment and 5 percent of the person's real property investment in a capital
12investment project, if the project involves a total capital investment of at least
13$1,000,000 or, if less than $1,000,000, the project involves a capital investment that
14is equal to at least $10,000 per employee employed on the project.
SB21,1465,2015 5. An amount, as determined by the authority, equal to a percentage of the
16amount of wages that the person paid to an employee in an eligible position in the
17taxable year, if the eligible position was created or retained in connection with the
18person's location or retention of the person's corporate headquarters in Wisconsin
19and the job duties associated with the eligible position involve the performance of
20corporate headquarters functions.
SB21,1465,2321 (b) Subject to a reallocation by the authority under s. 235.15 (3) (d), the
22authority may allocate up to $10,000,000 in tax benefits under this section in any
23calendar year. Any unused allocation may be carried forward.
SB21,1465,25 24(5) Duties. (a) The authority shall notify the department of revenue, on at least
25a quarterly basis, when the authority certifies a person to receive tax benefits.
SB21,1466,2
1(b) The authority shall notify the department of revenue within 30 days of
2revoking a certification made under sub. (2).
SB21,1466,53 (c) The authority may require a person to repay any tax benefits the person
4claims for a year in which the person failed to maintain an eligible position required
5by an agreement under sub. (2) (b).
SB21,1466,86 (d) The authority shall determine the maximum amount of the tax credits
7under ss. 71.07 (3y), 71.28 (3y), and 71.47 (3y) that a certified business may claim and
8shall notify the department of revenue of this amount on at least a quarterly basis.
SB21,1466,109 (e) The authority shall annually verify the information submitted to it by the
10person claiming tax benefits under ss. 71.07 (3y), 71.28 (3y), and 71.47 (3y).
SB21,1466,1211 (f) The authority shall adopt policies and procedures for the implementation
12and operation of this section.
SB21,3947 13Section 3947. 235.609 of the statutes is created to read:
SB21,1466,16 14235.609 Bonds for certain mortgages and securities and for the
15housing development fund.
The authority may issue its negotiable notes and
16bonds to do any of the following:
SB21,1466,20 17(1) Purchase certain mortgages and securities and make secured loans for
18housing for persons and families of low and moderate income, for the rehabilitation
19of existing structures, and for the construction of facilities appurtenant to existing
20structures consistent with the provisions and purposes of this chapter.
SB21,1466,22 21(2) Make secured loans to assist eligible elderly homeowners in paying
22property taxes and special assessments.
SB21,1466,24 23(3) Provide moneys for the housing development fund in order to make
24temporary loans to sponsors of housing projects as provided in this subchapter.
SB21,3948 25Section 3948. 236.13 (2m) of the statutes is amended to read:
SB21,1467,14
1236.13 (2m) As a further condition of approval when lands included in the plat
2lie within 500 feet of the ordinary high-water mark of any lake, any navigable
3stream, or any other body of navigable water or if land in the proposed plat involves
4lake or navigable stream shorelands referred to in s. 236.16, the department of
5natural resources, to prevent pollution of navigable waters, or the department of
6safety and professional services,
and to protect the public health and safety, may
7require assurance of adequate drainage areas for private on-site wastewater
8treatment systems and building setback restrictions, or provisions by the owner for
9public sewage disposal facilities for waters of the state, as defined in s. 281.01 (18),
10industrial wastes, as defined in s. 281.01 (5), and other wastes, as defined in s. 281.01
11(7). The public sewage disposal facilities may consist of one or more systems as the
12department of natural resources or the department of safety and professional
13services
determines on the basis of need for prevention of pollution of the waters of
14the state or protection of public health and safety.
SB21,3949 15Section 3949. 237.07 (3) (a) of the statutes is amended to read:
SB21,1467,2016 237.07 (3) (a) For each fiscal year, the authority shall submit to the department
17of administration an audited financial statement of the funding received by the
18authority from the department of natural resources under s. 237.08 (2) and by the
19authority
from contributions and other funding accepted by the authority under s.
20237.08 (3).
SB21,3950 21Section 3950. 237.08 (2) of the statutes is repealed.
SB21,3951 22Section 3951. Chapter 238 (title) of the statutes is repealed.
SB21,3952 23Section 3952. Subchapter I (title) of chapter 238 [precedes 238.01] of the
24statutes is repealed.
SB21,3953 25Section 3953. 238.01 (intro.) and (1) of the statutes are repealed.
SB21,3954
1Section 3954. 238.01 (2) of the statutes is repealed.
SB21,3955 2Section 3955. 238.01 (3) of the statutes is renumbered 235.01 (3).
SB21,3956 3Section 3956. 238.02 of the statutes is repealed.
SB21,3957 4Section 3957. 238.03 (title) of the statutes is renumbered 235.03 (title) and
5amended to read:
SB21,1468,7 6235.03 (title) Duties of board the authority concerning economic
7development
.
SB21,3958 8Section 3958. 238.03 (1) of the statutes is repealed.
SB21,3959 9Section 3959. 238.03 (2) of the statutes is renumbered 235.03 (2), and 235.03
10(2) (intro.) and (c), as renumbered, are amended to read:
SB21,1468,1211 235.03 (2) (intro.) For each program developed and implemented by the board
12authority under this subchapter, the board authority shall do all of the following:
SB21,1468,1713 (c) Require that each recipient of a grant or loan under the program submit a
14report to the corporation authority. Each contract with a recipient of a grant or loan
15under the program must specify the frequency and format of the report to be
16submitted to the corporation authority and the performance measures to be included
17in the report.
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