AB1033-ASA1,17,42
560.70
(4) "Local governing body" means the governing body of one or more
3cities, villages
or, towns
or counties or the elected governing body of a federally
4recognized American Indian tribe or band in this state.
AB1033-ASA1,17,86
560.70
(6) "Target population" means
the residents of a development zone and 7persons who are members of targeted groups for the purposes of the credit under ss.
871.07 (2dj), 71.28 (1dj) and 71.47 (1dj).
AB1033-ASA1,17,1911
560.70
(7) "Tax benefits" means the development zones day care credit under
12ss. 71.07 (2dd), 71.28 (1dd) and 71.47 (1dd), the development zones environmental
13remediation credit under ss. 71.07 (2de), 71.28 (1de) and 71.47 (1de), the
14development zones investment credit under ss. 71.07 (2di), 71.28 (1di) and 71.47
15(1di), the development zones jobs credit under ss. 71.07 (2dj), 71.28 (1dj) and 71.47
16(1dj), the development zones location credit under ss. 71.07 (2dL), 71.28 (1dL) and
1771.47 (1dL), the development zones sales tax credit under ss. 71.07 (2ds), 71.28 (1ds)
18and 71.47 (1ds)
, the development zones research credit under s. 71.07 (2dr) and the
19additional 5% credit under ss. 71.28 (4) and 71.47 (4).
AB1033-ASA1, s. 58
21Section
58. 560.71 (1) (e) of the statutes is repealed and recreated to read:
AB1033-ASA1,17,2222
560.71
(1) (e) The department determines all of the following:
AB1033-ASA1,17,2423
1. That designation of the area as a development zone will serve a public
24purpose.
AB1033-ASA1,18,2
12. That designation of the area as a development zone will likely retain or
2increase employment in the area.
AB1033-ASA1,18,43
3. That economic development in the area is not likely to occur or continue
4without the department's designation of the area as a development zone.
AB1033-ASA1,18,55
4. That the area meets at least 3 of the following criteria:
AB1033-ASA1,18,86
a. The unemployment rate in the area is higher than the state average for the
718 months immediately preceding the date on which the application under s. 560.72
8(2) or (3) was submitted to the department.
AB1033-ASA1,18,119
b. The percentage of persons residing in the area who are members of
10households with household income levels at or below 80% of the statewide median
11household income is higher than the state average.
AB1033-ASA1,18,1412
c. The percentage of households in the area receiving unemployment
13compensation under ch. 108, relief funded by a relief block grant under ch. 49 or aid
14to families with dependent children under s. 49.19 is higher than the state average.
AB1033-ASA1,18,1815
d. In the 36 months immediately preceding the date on which the application
16under s. 560.72 (2) or (3) was submitted to the department, a number of workers in
17the area were permanently laid off by their employer or became unemployed as a
18result of a business action subject to s. 109.07 (1m).
AB1033-ASA1,18,2219
e. An employer in the vicinity of the area has given public notice under s. 109.07
20(1m) of either a business closing or a mass layoff of at least 25 employes, or 25% of
21the employes, of a business, whichever is greater, that will result in a number of
22workers in the area being laid off permanently.
AB1033-ASA1,18,2323
f. Property values in the area have been declining.
AB1033-ASA1,18,2424
g. There has been a decline in the population in the area.
AB1033-ASA1,19,2
1560.71
(1m) In making a determination under sub. (1) (e), the department shall
2consider all of the following:
AB1033-ASA1,19,43
(a) The extent of poverty, unemployment or other factors contributing to
4general economic hardship in the area.
AB1033-ASA1,19,55
(b) The prospects for new investment and economic development in the area.
AB1033-ASA1,19,76
(c) The amount of investment that is likely to result from the designation of the
7area as a development zone.
AB1033-ASA1,19,98
(d) The number of jobs that are likely to be created or retained in the area as
9a result of its designation as a development zone.
AB1033-ASA1,19,1110
(e) The number of jobs that are likely to be available to the target population
11as a result of the designation of the area as a development zone.
AB1033-ASA1,19,1312
(f) The competitive effect of designating the area as a development zone on
13other businesses in the vicinity of the area.
AB1033-ASA1,19,1414
(g) The needs of other areas of the state.
AB1033-ASA1,19,1515
(h) Any other factors that the department considers relevant.
AB1033-ASA1,19,1917
560.71
(3) (a) Determine the number of development zones designated under
18sub. (1) but may not designate more than
14 18 development zones
over the life of the
19program.
AB1033-ASA1,19,2321
560.71
(3) (c) 3. Of the development zones that are designated after the
22effective date of this subdivision .... [revisor inserts date], designate one that is in an
23urban area.
AB1033-ASA1,20,2
1560.72
(2) (c) Evidence that the area meets at least
2 3 of the criteria under s.
2560.71 (1) (e)
, including data on the requirements the area does not meet 4.
AB1033-ASA1,20,64
560.72
(3) Two or more local governing bodies may submit a joint application
5nominating
a single an area as a development zone, subject to s. 560.735 (2)
, if each
6local governing body complies with subs. (1) and (2).
AB1033-ASA1, s. 66
9Section
66. 560.725 (1) (intro.) of the statutes is renumbered 560.725 (1) and
10amended to read:
AB1033-ASA1,20,1311
560.725
(1) The department shall evaluate applications received under s.
12560.72 (2)
to (4) and (3) and development zone plans received under s. 560.73 (1) and
13(2)
according to the following criteria:.
AB1033-ASA1,20,2116
560.725
(2) Subject to s. 560.735 (5), the department may reduce the size of an
17area nominated as a development zone, if the department determines the boundaries
18as proposed by the local governing body in an application under s. 560.72 (2)
to (4) 19or (3) are inconsistent with the purpose of the development zone program. Any
20nominated area which is reduced under this subsection need not comply with s.
21560.735 (1)
, (3) and (4).
AB1033-ASA1,21,323
560.725
(3) After evaluating an application submitted under s. 560.72 (2)
to (4) 24or (3), the department may approve the application, subject to any reduction in the
25size of the nominated area under sub. (2). If the department approves the
1application, the department shall notify the local governing body and request the
2local governing body to submit a development zone plan under s. 560.73 (1)
or (2),
3whichever is applicable.
AB1033-ASA1,21,76
560.73
(1) (f) Any changes in ordinances, or expenditures of the city, village,
7town
, county or American Indian tribe or band to facilitate economic development.
AB1033-ASA1,21,109
560.73
(1) (g) How the local governing body intends to assess the effectiveness
10of its development zone plan submitted under this subsection
or sub. (2).
AB1033-ASA1,21,1612
560.73
(3) After review
based on the relevant criteria under s. 560.725 (1), the
13department may approve a development zone plan. If the department approves a
14development zone plan, the department shall designate the area nominated by the
15local governing body as a development zone, subject to s. 560.71, and notify the local
16governing body.
AB1033-ASA1,21,2018
560.735
(1) (a) The area contains less than
5% 10% of the valuation of the
19property of the city, village or town, as determined under s. 70.57, in which the area
20is located.
AB1033-ASA1,21,2422
560.735
(1) (b) If the area is located within a 1st class city, the population of the
23area as estimated under s. 16.96 is not less than 4,000 and not more than
5% 10% 24of the city's population, as estimated under s. 16.96.
AB1033-ASA1,22,3
1560.735
(1) (c) If the area is located within a village, town or city other than a
21st class city, the population of the area is not less than
4,000 1,000 nor more than
310,000, as estimated under s. 16.96.
AB1033-ASA1, s. 78
5Section
78. 560.735 (6) (a) (intro.) of the statutes is amended to read:
AB1033-ASA1,22,86
560.735
(6) (a) (intro.) Except
in a 1st class city as provided in pars. (b) and (c),
72 separate areas may be nominated or designated as one development zone, if all of
8the following apply:
AB1033-ASA1,22,1110
560.735
(6) (a) 2. Each area meets at least
2 3 of the criteria listed in s. 560.71
11(1) (e)
1. to 6 4.
AB1033-ASA1,22,1413
560.735
(6) (a) 3. Considered together, the areas meet the requirements of
subs. 14sub. (1)
and (3).
AB1033-ASA1,22,1816
560.735
(6) (b)
In Except as provided in par. (c), in a 1st class city,
not more than 17 4 up to 8 separate areas may be nominated or designated as one development zone,
18if par. (a) 1. to 3. applies.
AB1033-ASA1,22,2220
560.735
(6) (c) If an application is submitted by the governing body of a county
21under s. 560.72 (2) or (3), up to 4 separate areas may be nominated or designated as
22one development zone, if par. (a) 1. to 3. applies.
AB1033-ASA1,23,324
560.735
(6m) An area that is comprised of entire counties may be nominated
25or designated as one development zone if the area is comprised of no more than 2
1entire counties. An area that is comprised of 2 entire counties may be nominated or
2designated as a development zone only if the population of the entire area does not
3exceed 75,000.
AB1033-ASA1,23,75
560.74
(2) The department may approve an application for a boundary change
6if the development zone, as affected by the boundary changes, meets the applicable
7requirements of s. 560.735 and
2 3 of the criteria under s. 560.71 (1) (e)
1. to 6 4.
AB1033-ASA1,23,129
560.745
(2) (a) When the department designates a development zone under s.
10560.71, it shall establish a limit for tax benefits for the development zone determined
11by allocating to the development zone
, under rules promulgated by the department, 12a portion of
$21,155,000 $28,155,000.
AB1033-ASA1,23,1714
560.745
(2) (am) Notwithstanding par. (a), the department may increase the
15established limit for tax benefits for a development zone that was designated before
16the effective date of this paragraph .... [revisor inserts date], by no more than
17$500,000.
AB1033-ASA1,23,20
20560.763 (title)
Duties of local governing bodies; advisory boards.
AB1033-ASA1,24,53
560.797
(1) (c) "Target population"
means persons who are members of targeted
4groups for the purpose of the credit under ss. 71.07 (2dj), 71.28 (1dj) and 71.47 (1dj) 5has the meaning given in s. 560.70 (6).
