4. Median per capita income.
5. Average annual wage.
6. Real property values.
7. Other significant or irregular indicators of economic distress, such as a natural disaster.
(f) A schedule of additional tax benefits for which a person who is certified under s. 560.701 (2) and who conducts an eligible activity described under s. 560.704 may be eligible.
(g) Reporting requirements, minimum benchmarks, and outcomes expected of a person certified under s. 560.701 (2) before that person may receive tax benefits under s. 560.703.
(h) Policies, criteria, and methodology for allocating a portion of the tax benefits available under s. 560.703 to rural areas.
(i) Policies, criteria, and methodology for allocating a portion of the tax benefits available under s. 560.703 to small businesses.
(j) Policies and criteria for certifying a person who may be eligible for tax benefits greater than or equal to $3,000,000.
(k) Procedures for implementing ss. 560.701 to 560.706.
(3) Reporting. Annually, 6 months after the report has been submitted under s. 560.01 (2) (am), submit to the joint legislative audit committee and to the appropriate standing committees of the legislature under s. 13.172 (3) a comprehensive report assessing the program under ss. 560.701 to 560.706. The report under this subsection shall update the applicable information provided in the report under s. 560.01 (2) (am).
2,816 Section 816. 560.71 (4) of the statutes is created to read:
560.71 (4) No development zone may be designated under this section after the effective date of this subsection .... [LRB inserts date].
2,817 Section 817. 560.737 (4) of the statutes is created to read:
560.737 (4) No premises of a business incubator may be designated as part of a development zone under this section after the effective date of this subsection .... [LRB inserts date].
2,818 Section 818. 560.74 (1) of the statutes is amended to read:
560.74 (1) At Except as provided under sub. (6), at any time after a development zone is designated by the department, a local governing body may submit an application to change the boundaries of the development zone. If the boundary change reduces the size of a development zone, the local governing body shall explain why the area excluded should no longer be in a development zone. The department may require the local governing body to submit additional information.
2,819 Section 819. 560.74 (6) of the statutes is created to read:
560.74 (6) The department may not accept any applications under sub. (1) to change the boundaries of a development zone designated under s. 560.71 on or after the effective date of this subsection .... [LRB inserts date].
2,820 Section 820. 560.745 (1) (b) of the statutes is amended to read:
560.745 (1) (b) The local governing body may apply to the department for one 60-month extension of the designation. The department shall promulgate rules establishing criteria for approving an extension of a designation of an area as a development zone under this subsection. No applications may be accepted by the department under this paragraph on or after the effective date of this paragraph .... [LRB inserts date].
2,821 Section 821. 560.745 (2) (am) of the statutes is amended to read:
560.745 (2) (am) Notwithstanding par. (a), the department may increase the established limit for tax benefits for a development zone. The department may not increase the limit for tax benefits established for any development zone designated under s. 560.71 on or after the effective date of this paragraph .... [LRB inserts date].
2,822 Section 822. 560.78 (1m) of the statutes is created to read:
560.78 (1m) No person may be certified under s. 560.765 (3) on or after the effective date of this subsection .... [LRB inserts date].
2,823 Section 823. 560.78 (3) (a) of the statutes is amended to read:
560.78 (3) (a) Except as provided in par. pars. (b) and (c), if the economic activity for which a person is seeking certification under s. 560.765 (3) is the relocation of a business into a development zone from a location that is outside the development zone but within the limits of a city, village, town or federally recognized American Indian reservation in which that development zone is located, the local governing body that nominated that area as a development zone under s. 560.72 shall determine whether sub. (2) (a) or (b) applies.
2,824 Section 824. 560.78 (3) (c) of the statutes is created to read:
560.78 (3) (c) No local governing body may make any determination under this subsection on or after the effective date of this paragraph .... [LRB inserts date].
2,825 Section 825. 560.785 (1) (intro.) of the statutes is amended to read:
560.785 (1) (intro.) For the development zone program under ss. 560.70 and 560.71 to 560.78, the development opportunity zone program under s. 560.795 and the enterprise development zone program under s. 560.797, the department shall promulgate rules that further define a person's eligibility for tax benefits. The rules shall do at least all of the following:
2,826 Section 826. 560.797 (2) (a) (intro.) of the statutes is amended to read:
560.797 (2) (a) (intro.) Subject to pars. (c) and, (d), and (e), the department may designate an area as an enterprise development zone for a project if the department determines all of the following:
2,827 Section 827. 560.797 (2) (bg) (intro.) of the statutes is amended to read:
560.797 (2) (bg) (intro.) Notwithstanding par. (a) and subject to pars. (c) and, (d), and (e), the department may designate an area as an enterprise development zone for a project if the department determines all of the following:
2,828 Section 828. 560.797 (2) (e) of the statutes is created to read:
560.797 (2) (e) The department may not designate any area as an enterprise development zone on or after the effective date of this paragraph .... [LRB inserts date].
2,829 Section 829. 560.797 (3) (c) of the statutes is created to read:
560.797 (3) (c) The department may not accept or approve any applications or project plans submitted under par. (a) on or after the effective date of this paragraph .... [LRB inserts date].
2,830 Section 830. 560.797 (4) (a) of the statutes is amended to read:
560.797 (4) (a) If Except as provided in par. (h), if the department approves a project plan under sub. (3) and designates the area in which the person submitting the project plan conducts or intends to conduct the project as an enterprise development zone under the criteria under sub. (2), the department shall certify the person as eligible for tax benefits.
2,831 Section 831. 560.797 (4) (h) of the statutes is created to read:
560.797 (4) (h) No person may be certified under this subsection on or after the effective date of this paragraph .... [LRB inserts date].
2,832 Section 832. 560.798 (2) (a) of the statutes is amended to read:
560.798 (2) (a) The Except as provided under par. (c), the department may designate one area in the state as an agricultural development zone. The area must be located in a rural municipality. An agricultural business that is located in an agricultural development zone and that is certified by the department under sub. (3) is eligible for tax benefits as provided in sub. (3).
2,833 Section 833. 560.798 (2) (c) of the statutes is created to read:
560.798 (2) (c) No area may be designated as an agricultural development zone on or after the effective date of this paragraph .... [LRB inserts date].
2,834 Section 834. 560.798 (3) (a) of the statutes is amended to read:
560.798 (3) (a) The Except as provided under par. (c), the department may certify for tax benefits in an agricultural development zone a new or expanding agricultural business that is located in the agricultural development zone. In determining whether to certify a business under this subsection, the department shall consider, among other things, the number of jobs that will be created or retained by the business.
2,835 Section 835. 560.798 (3) (c) of the statutes is created to read:
560.798 (3) (c) No business may be certified under this subsection on or after the effective date of this paragraph .... [LRB inserts date].
2,836 Section 836. 560.7995 (2) (a) (intro.) of the statutes is amended to read:
560.7995 (2) (a) (intro.) Subject to par. pars. (c) and (e), the department may designate an area as an airport development zone if the department determines all of the following:
2,837 Section 837. 560.7995 (2) (d) of the statutes is amended to read:
560.7995 (2) (d) Notwithstanding pars. (a) to (c), and except as provided in par. (e), the department shall designate as an airport development zone the area within the boundaries of Adams, Fond du Lac, Green Lake, Juneau, Langlade, Lincoln, Marathon, Marquette, Menominee, Oneida, Portage, Price, Shawano, Taylor, Waupaca, Waushara, Winnebago, Wood, and Vilas counties.
2,838 Section 838. 560.7995 (2) (e) of the statutes is created to read:
560.7995 (2) (e) No area may be designated as an airport development zone under this subsection on or after the effective date of this paragraph .... [LRB inserts date].
2,839 Section 839. 560.7995 (4) (ar) of the statutes is created to read:
560.7995 (4) (ar) The department may not accept or approve any applications or business plans submitted under par. (a) on or after the effective date of this paragraph .... [LRB inserts date].
2,840 Section 840. 560.7995 (4) (b) of the statutes is renumbered 560.7995 (4) (b) 1. and amended to read:
560.7995 (4) (b) 1. If Except as provided in subd. 2., if the department approves a business plan under par. (a) or (am), the department shall certify the person as eligible for tax benefits. The department shall notify the department of revenue within 30 days of certifying a person under this paragraph.
2,841 Section 841. 560.7995 (4) (b) 2. of the statutes is created to read:
560.7995 (4) (b) 2. No person may be certified under this paragraph on or after the effective date of this subdivision .... [LRB inserts date].
2,842 Section 842. 560.84 (2) (c) 2. of the statutes is amended to read:
560.84 (2) (c) 2. A development zone designated under s. 560.71, a development opportunity zone designated under s. 560.795 or an enterprise development zone designated under s. 560.797.
2,843 Section 843. 560.96 (2) (a) of the statutes is amended to read:
560.96 (2) (a) The 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).
2,844 Section 844. 560.96 (2) (c) of the statutes is created to read:
560.96 (2) (c) No area may be designated as a technology zone under this subsection on or after the effective date of this paragraph .... [LRB inserts date].
2,845 Section 845. 560.96 (3) (a) (intro.) of the statutes is amended to read:
560.96 (3) (a) (intro.) The 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:
2,846 Section 846. 560.96 (3) (e) of the statutes is created to read:
560.96 (3) (e) No business may be certified under this subsection on or after the effective date of this paragraph .... [LRB inserts date].
2,847 Section 847. 704.35 of the statutes is created to read:
704.35 Residential rental property in foreclosure. (1) Duty of landlord to provide notice of foreclosure. If a foreclosure action has been commenced against residential rental property, during the pendency of the action and before the expiration of the redemption period, the owner of the property shall notify any prospective tenant in writing of all of the following:
(a) That a foreclosure action has been commenced against the rental property.
(b) If judgment has been entered, the date on which the redemption period expires.
(2) Rental agreement must verify notice or is voidable. Any rental agreement entered into between the property owner and a tenant during the pendency of the foreclosure action and before the expiration of the redemption period shall include a separate written statement, signed by the tenant, that the owner has provided written notice as required under sub. (1). A rental agreement that does not include the statement signed by the tenant is voidable at the option of the tenant.
(3) Tenant protections. The protections under s. 846.35 apply to a residential tenant if a foreclosure action is or has been commenced against the real property containing the dwelling unit occupied by the tenant.
2,848 Section 848. 799.40 (4) of the statutes is renumbered 799.40 (4) (a).
2,849 Section 849. 799.40 (4) (b) of the statutes is created to read:
799.40 (4) (b) The court shall stay the proceedings in a civil action of eviction against a foreclosed homeowner, as defined in s. 846.40 (1) (b), under the circumstances and as provided in s. 846.40 (9).
2,850 Section 850. 846.35 of the statutes is created to read:
846.35 Protections for tenants in foreclosure actions. (1) Notices from plaintiff. (a) If residential rental property is the subject of a foreclosure action, the plaintiff shall provide the following notices at the following times to the tenants who are in possession of each rental unit when a notice is given:
1. No later than 5 days after the foreclosure action is filed, notice that the plaintiff has commenced a foreclosure action with respect to the rental property.
2. No later than 5 days after the judgment of foreclosure is entered, notice that the plaintiff has been granted a judgment of foreclosure with respect to the rental property and notice of the date on which the redemption period ends.
3. When the confirmation of sale hearing has been scheduled, notice of the date and time of the hearing.
(b) The notices under par. (a) may be given in any of the following ways:
1. By personal service as provided in s. 801.11 (1).
Loading...
Loading...