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).
AB1033-ASA1,24,137
(1)
Tax credits. (a) The treatment of sections 20.835 (2) (cm) and (cn), 71.05
8(6) (a) 15., 71.07 (2dd) (a) 2., (2dj) (am) 4h., 4i. and 8m., (d) and (h), (2dr) and (2ds)
9(c) and (h), 71.10 (4) (gd), (ge), (gm) and (i), 71.28 (1dd) (a) 2., (1dj) (am) 4h., 4i. and
108m., (d) and (h) and (1ds) (c) and (h), 71.30 (3) (eb), (ec) and (f), 71.47 (1dd) (a) 2., (1dj)
11(am) 4h., 4i. and 8m., (d) and (h) and (1ds) (c) and (h), 71.49 (1) (eb), (ec) and (f), 73.03
12(35), 77.92 (4) and 560.70 (7) of the statutes first applies to taxable years beginning
13on January 1, 1997.
AB1033-ASA1,24,1614
(b) The treatment of sections 71.07 (2dd) (a) 1., 71.28 (1dd) (a) 1. and 71.47 (1dd)
15(a) 1. of the statutes applies retroactively to taxable years beginning on January 1,
161995.
AB1033-ASA1,24,1917
(c) The treatment of sections 71.07 (2dj) (am) 1., 71.28 (1dj) (am) 1. and 71.47
18(1dj) (am) 1. of the statutes first applies to taxable years beginning on January 1,
191996.
AB1033-ASA1,24,2520
(2)
Development zone program changes. The treatment of sections 560.70 (4)
21and (6), 560.71 (1) (cm) and (e) and (1m), 560.72 (2) (c), (3) and (4), 560.723, 560.725
22(1) (intro.) and (a) to (h), (2) and (3), 560.73 (1) (f) and (g) and (3), 560.735 (6) (a)
23(intro.) and 2. and (c) and (6m) and 560.74 (2) of the statutes first applies to areas
24nominated for designation as development zones for which applications are
25submitted on the effective date of this subsection.
AB1033-ASA1, s. 95
1Section
95.
Effective dates. This act takes effect on the day after
2publication, except as follows:
AB1033-ASA1,25,43
(1)
Research credit. The treatment of section 71.07 (2dr) of the statutes takes
4effect on July 1, 1996, or on the day after publication, whichever is later.
