SB468,125,129
(c) Subject to a reallocation by the
corporation
department pursuant to
policies
10and procedures rules adopted under s.
238.15 555.15 (3) (d), the
corporation 11department may allocate up to $10,000,000 in tax benefits under this section in any
12calendar year.
SB468,125,13
13(5) (title)
Duties of the corporation department.
SB468,125,1614
(c) The
corporation department may require a person to repay any tax benefits
15the person claims for a year in which the person failed to maintain employment
16required by an agreement under sub. (2) (b).
SB468,125,1917
(e) The
corporation department shall annually verify the information
18submitted to the
corporation department by the person claiming tax benefits under
19ss. 71.07 (3q), 71.28 (3q), and 71.47 (3q).
SB468,125,2220
(f) (intro.) The
corporation department shall
adopt policies and procedures 21promulgate rules for the implementation and operation of this section, including
22policies and procedures rules relating to the following:
SB468,125,2523
1. (intro.) The definitions of a tier I county or municipality and a tier II county
24or municipality. The
corporation department may consider all of the following
25information when establishing the definitions required under this subdivision:
SB468,126,6
1(6) Sunset. No tax benefits may be awarded under this section after December
231, 2015, unless the tax benefits were allocated to a taxpayer by the
corporation 3Wisconsin Economic Development Corporation under s. 238.16, 2013 stats., in a
4contract that the
corporation Wisconsin Economic Development Corporation 5executed before that date or in a letter of intent to enter into such a contract that the
6corporation issued before that date.
SB468,126,14
9555.17 Historic rehabilitation tax credit. For taxable years beginning
10after December 31, 2013, the
corporation department may certify a person to claim
11a tax credit under s. 71.07 (9m), 71.28 (6), or 71.47 (6), if the
corporation department 12determines that the person is conducting an eligible activity under s. 71.07 (9m),
1371.28 (6), or 71.47 (6). No person may claim a tax credit under s. 71.07 (9m), 71.28
14(6), or 71.47 (6) without first being certified under this section.
SB468,379
15Section
379. 238.23 of the statutes, as affected by
2015 Wisconsin Act 55, is
16renumbered 555.23, and 555.23 (2) (a) and (b), (3) (a) (intro.), (b) (intro.), (c) and (d),
17(4) (a) (intro.) and (b) and (5) (intro.), (e) and (g), as renumbered, are amended to read:
SB468,126,2118
555.23
(2) (a) Except as provided in par. (c), the
corporation department may
19designate up to 8 areas in the state as technology zones. A business that is located
20in a technology zone and that is certified by the
corporation department under sub.
21(3) is eligible for a tax credit as provided in sub. (3).
SB468,127,622
(b) The designation of an area as a technology zone shall be in effect for 10 years
23from the time that the
corporation department first designates the area. Not more
24than $5,000,000 in tax credits may be claimed in a technology zone, except that the
25corporation department may allocate the amount of unallocated airport
1development zone tax credits, as provided under s.
238.3995 555.3995 (3) (b), to
2technology zones for which the $5,000,000 maximum allocation is insufficient. The
3corporation department may change the boundaries of a technology zone during the
4time that its designation is in effect. A change in the boundaries of a technology zone
5does not affect the duration of the designation of the area or the maximum tax credit
6amount that may be claimed in the technology zone.
SB468,127,9
7(3) (a) (intro.) Except as provided in par. (e), the
corporation department may
8certify for tax credits in a technology zone a business that satisfies all of the following
9requirements:
SB468,127,1110
(b) (intro.) In determining whether to certify a business under this subsection,
11the
corporation department shall consider all of the following:
SB468,127,1912
(c) When the
corporation department certifies a business under this
13subsection, the
corporation department shall establish a limit on the amount of tax
14credits that the business may claim. Unless its certification is revoked, and subject
15to the limit on the tax credit amount established by the
corporation department 16under this paragraph, a business that is certified may claim a tax credit for 3 years,
17except that a business that experiences growth, as determined for that business by
18the
corporation department under par. (d) and sub. (5) (e), may claim a tax credit for
19up to 5 years.
SB468,128,220
(d) The
corporation department shall enter into an agreement with a business
21that is certified under this subsection. The agreement shall specify the limit on the
22amount of tax credits that the business may claim, the extent and type of growth,
23which shall be specific to the business, that the business must experience to extend
24its eligibility for a tax credit, the business' baseline against which that growth will
25be measured, any other conditions that the business must satisfy to extend its
1eligibility for a tax credit, and reporting requirements with which the business must
2comply.
SB468,128,4
3(4) (a) (intro.) The
corporation
department shall notify the department of
4revenue of all the following:
SB468,128,75
(b) The
corporation department shall annually verify information submitted
6to the
corporation department under ss. 71.07 (2dm), (2dx), and (3g), 71.28 (1dm),
7(1dx), and (3g), and 71.47 (1dm), (1dx), and (3g).
SB468,128,9
8(5) (intro.) The
corporation department shall adopt rules for the operation of
9this section, including rules related to all the following:
SB468,128,1310
(e) Standards for extending a business's certification, including what
11measures, in addition to job creation, the
corporation
department will use to
12determine the growth of a specific business and how the
corporation department will
13establish baselines against which to measure growth.
SB468,128,1514
(g) The exchange of information between the
corporation department and the
15department of revenue.
SB468,380
16Section
380. 238.25 of the statutes is renumbered 555.25 and amended to
17read:
SB468,128,22
18555.25 Assistance to loan recipients. The
corporation department shall
19assist new businesses and small businesses receiving the assistance of the Wisconsin
20Housing and Economic Development Authority in locating sources of venture capital
21and in obtaining the state and federal licenses and permits necessary for business
22operations.
SB468,381
23Section
381. 238.26 of the statutes is renumbered 555.26 and amended to
24read:
SB468,129,4
1555.26 Report to investment board. No later than September 30 of each
2even-numbered year, the
corporation department shall submit to the investment
3board a report describing the types of investments in businesses in this state that will
4have the greatest likelihood of enhancing economic development in this state.
SB468,382
5Section
382. Subchapter II (title) of chapter 238 [precedes 238.30] of the
6statutes is renumbered Subchapter II (title) of chapter 555 [precedes 555.30].
SB468,383
7Section
383. 238.30 of the statutes, as affected by
2015 Wisconsin Act 55, is
8renumbered 555.30, and 555.30 (intro.), (2g), (2m) (b) (intro.) and (7) (b) 1. and 2., (c),
9(d) and (e), as renumbered, are amended to read:
SB468,129,11
10555.30 Definitions. (intro.) In this section and ss.
238.301 555.301 to
238.395 11555.395 and
238.398 555.398:
SB468,129,12
12(2g) "Eligible activity" means an activity described under s.
238.302 555.302.
SB468,129,16
13(2m) (b) (intro.) The
corporation
department may grant exceptions to the
14requirement under par. (a) that a full-time job means a position in which an
15individual, as a condition of employment, is required to work at least 2,080 hours per
16year if all of the following apply:
SB468,129,21
17(7) (b) 1. Except as provided in subd. 2., in s.
238.395 555.395, "tax benefits"
18means the development zones credit under ss. 71.07 (2dx), 71.28 (1dx), 71.47 (1dx),
19and 76.636. With respect to the development opportunity zones under s.
238.395 20555.395 (1) (e) and (f), "tax benefits" also means the development zones capital
21investment credit under ss. 71.07 (2dm), 71.28 (1dm), and 71.47 (1dm).
SB468,129,2522
2. With respect to the development opportunity zones under s.
238.395 555.395 23(1) (g), (h), and (i), "tax benefits" means the development zone credits under ss. 71.07
24(2dx), 71.28 (1dx), 71.47 (1dx), and 76.636 and the development zones capital
25investment credit under ss. 71.07 (2dm), 71.28 (1dm), and 71.47 (1dm).
SB468,130,3
1(c) In s.
238.398 555.398, "tax benefits" means the development zones capital
2investment credit under ss. 71.07 (2dm), 71.28 (1dm), and 71.47 (1dm) and the
3development zones credits under ss. 71.07 (2dx), 71.28 (1dx), 71.47 (1dx), and 76.636.
SB468,130,64
(d) In ss.
238.301 555.301 to
238.306 555.306, "tax benefits" means the
5economic development tax credit under ss. 71.07 (2dy), 71.28 (1dy), 71.47 (1dy), and
676.637.
SB468,130,87
(e) In s.
238.308 555.308, "tax benefits" means the business development tax
8credit under ss. 71.07 (3y), 71.28 (3y), and 71.47 (3y).
SB468,384
9Section
384. 238.301 of the statutes, as affected by
2015 Wisconsin Act 55, is
10renumbered 555.301, and 555.301 (1) (intro.) and (e), (2) (a) and (b) and (3) (intro.),
11(b), (c), (d) and (f), as renumbered, are amended to read:
SB468,130,1412
555.301
(1) Application. (intro.) Any person may apply to the
corporation 13department on a form prepared by the
corporation department for certification under
14this section. The application shall include all of the following:
SB468,130,1615
(e) Other information required by the
corporation
department or the
16department of revenue.
SB468,130,20
17(2) (a) The
corporation department may certify a person who submits an
18application under sub. (1) if, after conducting an investigation, the
corporation 19department determines that the person is conducting or intends to conduct at least
20one eligible activity.
SB468,130,2221
(b) The
corporation department shall provide a person certified under this
22section with a copy of the certification.
SB468,130,25
23(3) Contract. (intro.) A person certified under this section shall enter into a
24written contract with the
corporation department. The contract shall include
25provisions that detail all of the following:
SB468,131,3
1(b) Whether any of the eligible activities will occur in an economically
2distressed area, as designated by the
corporation
department under s.
238.304 3555.304 (1).
SB468,131,54
(c) Whether any of the eligible activities will benefit members of a targeted
5group, as determined by the
corporation department under s.
238.304 555.304 (2).
SB468,131,86
(d) A compliance schedule that includes a sequence of anticipated actions to be
7taken or goals to be achieved by the person before the person may receive tax benefits
8under s.
238.303 555.303.
SB468,131,109
(f) If feasible, a determination of the tax benefits the person will be authorized
10to claim under s.
238.303 555.303 (2) if the person fulfills the terms of the contract.
SB468,385
11Section
385. 238.302 of the statutes is renumbered 555.302, and 555.302
12(intro.), (1), (2) and (3), as renumbered, are amended to read:
SB468,131,14
13555.302 Eligible activities. (intro.) A person who conducts or proposes to
14conduct any of the following may be certified under s.
238.301 555.301 (2):
SB468,131,17
15(1) Job creation project. A project that creates and maintains for a period of
16time established by the
corporation department by rule full-time jobs in addition to
17any existing full-time jobs provided by the person.
SB468,131,21
18(2) Capital investment project. A project that involves a significant
19investment of capital, as defined by the
corporation
department by rule under s.
20238.306 555.306 (2) (b), by the person in new equipment, machinery, real property,
21or depreciable personal property.
SB468,131,25
22(3) Employee training project. A project that involves significant investments
23in the training or reeducation of employees, as defined by the
corporation 24department by rule under s.
238.306
555.306 (2) (c), by the person for the purpose
25of improving the productivity or competitiveness of the business of the person.
SB468,386
1Section
386. 238.303 of the statutes, as affected by
2015 Wisconsin Act 55, is
2renumbered 555.303, and 555.303 (1) (a), (am) and (b), (2), (3) and (4), as
3renumbered, are amended to read:
SB468,132,94
555.303
(1) (a) Except as provided in pars. (am) and (b), the total tax benefits
5available to be allocated by the
corporation department under ss.
238.301 555.301 6to
238.306 555.306 may not exceed the sum of the tax benefits remaining to be
7allocated under s. 560.71 to 560.785, 2009 stats., s. 560.797, 2009 stats., s. 560.798,
82009 stats., s. 560.7995, 2009 stats., and s. 560.96, 2009 stats., on March 6, 2009, plus
9$100,000,000.
SB468,132,2310
(am) The
corporation department may initially allocate only $61,000,000 of the
11additional $100,000,000 in tax benefits specified in par. (a). Before the
corporation 12department allocates the remaining $39,000,000 in tax benefits specified in par. (a),
13the
corporation department shall submit its plan for such allocation, including a
14report that describes the intended use of the tax benefits, to the joint committee on
15finance. If the cochairpersons of the committee do not notify the
corporation 16department within 14 working days after the date of the
corporation's department's 17submittal that the committee has scheduled a meeting for the purpose of reviewing
18the plan, the plan may be implemented and the remaining amount may be allocated
19as proposed by the
corporation department. If, within 14 working days after the date
20of the
corporation's department's submittal, the cochairpersons of the committee
21notify the
corporation department that the committee has scheduled a meeting for
22the purpose of reviewing the proposed plan, the plan may be implemented and the
23remaining amount allocated only upon approval of the committee.
SB468,133,424
(b) The
corporation department may submit to the joint committee on finance
25a request in writing to exceed the total tax benefits specified in par. (a). The
1corporation department shall submit with its request a justification for seeking an
2increase under this paragraph. The joint committee on finance, following its review,
3may approve or disapprove an increase in the total tax benefits available to be
4allocated under ss.
238.301 555.301 to
238.306 555.306.
SB468,133,10
5(2) Authority to claim tax benefits. The
corporation department may
6authorize a person certified under s.
238.301 555.301 (2) to claim tax benefits only
7after the person has submitted a report to the
corporation department that
8documents to the satisfaction of the
corporation
department that the person has
9complied with the terms of the contract under s.
238.301 555.301 (3) and the
10requirements of any applicable rules adopted under s.
238.306 555.306 (2).
SB468,133,13
11(3) Notice of eligibility. The
corporation department shall provide to the
12person a notice of eligibility to receive tax benefits that reports the amount of tax
13benefits for which the person is eligible.
SB468,133,20
14(4) Sunset. No tax benefits may be awarded under ss.
238.301 555.301 to
15238.306 555.306 after December 31, 2015, unless the tax benefits were allocated to
16a taxpayer by the
corporation Wisconsin Economic Development Corporation under
17ss. 238.301 to 238.306, 2013 stats., in a contract that the
corporation Wisconsin
18Economic Development Corporation executed before that date or in a letter of intent
19to enter into such a contract that the
corporation
Wisconsin Economic Development
20Corporation issued before that date.
SB468,387
21Section
387. 238.304 of the statutes is renumbered 555.304, and 555.304
22(intro.) and (1), as renumbered, are amended to read:
SB468,134,2
23555.304 Eligible activities in economically distressed areas and
24benefiting members of targeted groups. (intro.) The
corporation department 25may authorize a person certified under s.
238.301
555.301 (2) to claim additional tax
1benefits under s.
238.303 555.303 if, after conducting an investigation, the
2corporation department determines any of the following:
SB468,134,6
3(1) The person conducts at least one eligible activity in an area designated by
4the
corporation department as economically distressed. In designating an area as
5economically distressed under this subsection, the
corporation department shall
6follow the methodology established by rule under s.
238.306 555.306 (2) (e).
SB468,388
7Section
388. 238.3045 of the statutes, as affected by
2015 Wisconsin Act 55,
8is renumbered 555.3045, and 555.3045 (1) (title), (a), (b) (intro.) and 4. and (c) 1., (2)
9(a), (3) and (4) (a) and (b), as renumbered, are amended to read:
SB468,134,2010
555.3045
(1) (title)
Application and
corporation department approval. (a) An
11applicant for certification for tax benefits under s.
238.301 555.301 may submit with
12its application under s.
238.301 555.301 (1) an application to the
corporation 13department on a form prescribed by the
corporation department to transfer those tax
14benefits to another person under this section. The application shall include the
15name, address, and tax identification number of the person to whom the applicant
16intends to transfer the tax benefits and any other information the
corporation 17department requires. The
corporation
department shall notify the applicant of the
18corporation's department's determination concerning the transfer of tax benefits
19when the
corporation department notifies the applicant of the
corporation's 20department's certification determination under s.
238.301 555.301.
SB468,134,2421
(b) (intro.) The
corporation department may approve the transfer of tax
22benefits under this section if the
corporation department certifies the applicant
23under par. (a) for tax benefits under s.
238.301
555.301 and finds that the applicant
24meets at least one of the following conditions:
SB468,135,3
14. Intends to expand its operations in this state, and that expansion will result
2in the applicant making a significant capital investment in property located in this
3state, as determined by the
corporation department.
SB468,135,124
(c) 1. Subject to subd. 2., a person that receives an approval under par. (b) shall
5transfer tax benefits in accordance with the terms of the application under par. (a)
6after the
corporation department authorizes the person to claim tax benefits under
7s.
238.303 555.303 (2) and provides the notice of eligibility under s.
238.303 555.303 8(3). The notice of eligibility shall contain all relevant information concerning a
9transfer of tax benefits under this section. The person to whom tax benefits are
10transferred may carry forward, beginning on the date of the notice of eligibility, any
11unused amount of the value of those tax benefits as provided under the appropriate
12provision in ch. 71 or in s. 76.636.
SB468,135,17
13(2) (a) If the
corporation department revokes a person's certification for tax
14benefits under s.
238.305 555.305, and, at the time of revocation, that person has
15transferred those tax benefits under this section, that person shall be liable for the
16full value of the tax benefits, and the person to whom the tax benefits were
17transferred may not claim any tax benefits that were not claimed prior to revocation.
SB468,135,20
18(3) Annual report. Annually, the
corporation department shall submit a report
19to the joint committee on finance that provides a detailed assessment of the progress
20to date of the program under this section.
SB468,135,24
21(4) (a) Except as provided in par. (b), the
corporation department may not
22authorize the transfer of tax benefits under this section that total more than
23$15,000,000, and the
corporation department may not authorize the transfer of tax
24benefits after 36 months after April 4, 2014.
SB468,136,21
1(b) Upon expiration of the 36-month period under par. (a), the
corporation 2department may continue to authorize the transfer of tax benefits under this section
3for up to an additional 36 months, and the
corporation
department may authorize
4the transfer of up to an additional $15,000,000 in tax benefits, if the
corporation 5department determines that a continuation of the program under this section will
6promote significant economic development in this state. Before the
corporation 7department authorizes the transfer of tax benefits under this paragraph, the
chief
8executive officer of the corporation secretary shall notify the joint committee on
9finance in writing that the
corporation department intends to continue authorizing
10the transfer of tax benefits under this section. That notice shall state the reasons
11supporting the
corporation's department's determination that the transfer of
12additional tax benefits will promote significant economic development in this state.
13If, within 14 working days after the date of that notice, the cochairpersons of the
14committee do not notify the
corporation department that the committee has
15scheduled a meeting to review the
corporation's department's proposed continuation
16of the program, the
corporation department may proceed to authorize the transfer
17of additional tax benefits under this section. If, within 14 working days after the date
18of that notice, the cochairpersons of the committee notify the
corporation department 19that the committee has scheduled a meeting to review the proposed continuation of
20the program, the
corporation department may proceed to authorize the transfer of
21additional tax benefits only upon approval of the committee.
SB468,389
22Section
389. 238.305 of the statutes is renumbered 555.305, and 555.305
23(intro.), (1) and (2), as renumbered, are amended to read:
SB468,136,25
24555.305 Revocation of certification. (intro.) The
corporation department 25shall revoke the certification of a person who does any of the following:
SB468,137,2
1(1) Supplies false or misleading information to obtain certification under s.
2238.301 555.301 (2).
SB468,137,4
3(2) Supplies false or misleading information to obtain tax benefits under s.
4238.303 555.303.
SB468,390
5Section
390. 238.306 of the statutes is renumbered 555.306, and 555.306
6(intro.), (1) (a) and (b), (2) (a), (b), (c), (d), (e) (intro.), (f), (g), (h), (i) and (k) and (3),
7as renumbered, are amended to read:
SB468,137,9
8555.306 Responsibilities of the corporation department. (intro.) The
9corporation department shall do all of the following:
SB468,137,12
10(1) (a) Annually verify information submitted to the department of revenue
11under ss. 71.07 (2dy), 71.28 (1dy), 71.47 (1dy), and 76.637 by persons certified under
12s.
238.301 555.301 (2) and eligible to receive tax benefits under s.
238.303 555.303.
SB468,137,1413
(b) Notify and obtain written approval from the
chief executive officer of the
14corporation secretary for any certification under sub. (2) (j).
SB468,137,18
15(2) (a) A schedule of hourly wage ranges to be paid, and health insurance
16benefits to be provided, to an employee by a person certified under s.
238.301 555.301 17(2) and the corresponding per employee tax benefit for which a person certified under
18s.
238.301 555.301 (2) may be eligible.
SB468,137,2419
(b) A definition of "significant investment of capital" for purposes of s.
238.302 20555.302 (2), together with a corresponding schedule of tax benefits for which a person
21who is certified under s.
238.301 555.301 (2) and who conducts a project described
22in s.
238.302 555.302 (2) may be eligible. The
corporation department shall include
23in the definition required under this paragraph a schedule of investments that takes
24into consideration the size or nature of the business.
SB468,138,4
1(c) A definition of "significant investments in the training or reeducation of
2employees" for purposes of s.
238.302 555.302 (3), together with a corresponding
3schedule of tax benefits for which a person who is certified under s.
238.301 555.301 4(2) and who conducts a project under s.
238.302 555.302 (3) may be eligible.
SB468,138,75
(d) A schedule of tax benefits for which a person who is certified under s.
6238.301 555.301 (2) and who conducts a project that will result in the location or
7retention of a person's corporate headquarters in Wisconsin may be eligible.
SB468,138,118
(e) (intro.) The methodology for designating an area as economically distressed
9under s.
238.304 555.304 (1). The methodology under this paragraph shall require
10the
corporation department to consider the most current data available for the area
11and for the state on the following indicators:
SB468,138,1412
(f) A schedule of additional tax benefits for which a person who is certified
13under s.
238.301 555.301 (2) and who conducts an eligible activity described under
14s.
238.304 555.304 may be eligible.
SB468,138,1715
(g) Reporting requirements, minimum benchmarks, and outcomes expected of
16a person certified under s.
238.301 555.301 (2) before that person may receive tax
17benefits under s.
238.303 555.303.
SB468,138,1918
(h) Policies, criteria, and methodology for allocating a portion of the tax benefits
19available under s.
238.303 555.303 to rural areas.
SB468,138,2120
(i) Policies, criteria, and methodology for allocating a portion of the tax benefits
21available under s.
238.303 555.303 to small businesses.
SB468,138,2222
(k) Procedures for implementing ss.
238.301 555.301 to
238.306 555.306.
SB468,139,3
23(3) Reporting. Annually, 6 months after the report has been submitted under
24s.
238.07 555.07 (2), submit to the joint legislative audit committee and to the
25appropriate standing committees of the legislature under s. 13.172 (3) a
1comprehensive report assessing the program under ss.
238.301 555.301 to
238.306 2555.306. The report under this subsection shall update the applicable information
3provided in the report under s.
238.07 555.07 (2).
SB468,391
4Section
391. 238.308 of the statutes, as created by
2015 Wisconsin Act 55, is
5renumbered 555.308, and 555.308 (2) (a) (intro.) and 2., (3), (4) (a) (intro.), 2. and 5.
6and (b) and (5) (a), (b) and (c), as renumbered, are amended to read: