AB100-ASA1, s. 3113
23Section
3113. 560.70 (7) of the statutes is repealed and recreated to read:
AB100-ASA1,1734,2524
560.70
(7) "Tax benefits" means the development zones credit under ss. 71.07
25(2dx), 71.28 (1dx) and 71.47 (1dx)
.
AB100-ASA1,1735,32
560.71
(1m) (d) The number of
full-time jobs that are likely to be created or
3retained in the area as a result of its designation as a development zone.
AB100-ASA1,1735,65
560.71
(1m) (e) The number of
full-time jobs that are likely to be available to
6the target population as a result of the designation of the area as a development zone.
AB100-ASA1,1735,98
560.72
(2) (h) An assessment of the effect of making the area a development
9zone on
full-time jobs available to the targeted population.
AB100-ASA1,1735,1211
560.73
(1) (e) The effect of making the area a development zone on
full-time 12jobs available to the targeted population.
AB100-ASA1,1735,1814
560.735
(6r) Subject to the population limit under sub. (6m), if an area that is
15nominated or designated as a development zone is comprised of one or more entire
16counties and a city, village or town is partially located in the area and partially
17located outside of the area, the entire city, village or town shall be part of the
18nominated or designated area.
AB100-ASA1,1735,2320
560.745
(1) (b) The local governing body may apply to the department for up
21to
3 5 12-month extensions of the designation. The department shall promulgate
22rules establishing criteria for approving an extension of a designation of an area as
23a development zone under this subsection.
AB100-ASA1,1736,3
1560.745
(2) (a) When the department designates a development zone under s.
2560.71, it shall establish a limit for tax benefits for the development zone determined
3by allocating to the development zone a portion of
$28,155,000 $33,155,000.
AB100-ASA1,1736,75
560.745
(2) (am) Notwithstanding par. (a), the department may increase the
6established limit for tax benefits for a development zone
that was designated before 7April 25, 1996, by no more than $500,000.
AB100-ASA1,1736,119
560.745
(2) (c) 1. Ninety days after the day on which the department
10determines that the foregone tax revenues under par. (b) will equal or exceed the
11limit for the development zone established under par. (a)
or (am).
AB100-ASA1,1736,1613
560.75
(8) Verify Annually verify information submitted to the department
14under
ss. s. 71.07
(2di) (d) 2., (2dj) (e) 3., (2dL) (f) and (2ds) (d) 2. (2dx), 71.28
(1di)
15(d) 2., (1dj) (e) 3., (1dL) (f), (1ds) (d) 2. and (4) (am) and
(1dx) or 71.47
(1di) (d) 2., (1dj)
16(e) 3., (1dL) (f), (1ds) (d) 2. and (4) (am) (1dx).
AB100-ASA1,1736,2119
560.765
(3) (c) The number of
full-time jobs that will be created, retained or
20substantially upgraded as a result of the person's economic activity in relation to the
21amount of tax benefits estimated for the person under sub. (4).
AB100-ASA1,1737,3
1560.765
(5) (e) The estimated number of
full-time jobs that will be created,
2retained or significantly upgraded in the development zone because of the person's
3business.
AB100-ASA1,1737,75
560.765
(5) (f) An estimate of the number or percentage of
full-time jobs
6described in par. (e) that are or will likely be held by members of the targeted
7population.
AB100-ASA1,1737,139
560.768
(1) (a) The department shall establish a limit on the maximum amount
10of tax benefits a person certified under s. 560.765 (3) may claim while an area is
11designated as a development zone.
The limit may specify a minimum amount of the
12total tax benefits that may be used exclusively for the credits under ss. 71.07 (2dj),
1371.28 (1dj) and 71.47 (1dj), subject to s. 560.75 (9).
AB100-ASA1,1737,1915
560.768
(1) (b) 2. Establish a limit which does not greatly exceed a
16recommended limit, established under rules promulgated by the department based
17on the cost, number and types of
full-time jobs that will be created, retained or
18upgraded, including
full-time jobs available to members of the targeted population,
19as a result of the economic activity of the person certified under s. 560.765 (3).
AB100-ASA1,1737,2221
560.78
(1) (a) Result in the direct loss of
full-time jobs at another of the person's
22business locations in this state outside of the development zone.
AB100-ASA1,1738,3
1560.78
(2) (a) The total number of
full-time jobs provided by the person in this
2state would be reduced if the person were not certified under s. 560.765 (3) or if the
3person's certification were revoked.
AB100-ASA1,1738,95
560.78
(3) (b) Only the department may determine whether sub. (2) (a) or (b)
6applies to a business relocation described in par. (a) if the business relocation would
7likely result in the loss of
full-time jobs at or transfer of employes from a business
8location that is in this state but outside the limits of any city, village, town or federally
9recognized American Indian reservation in which the development zone is located.
AB100-ASA1,1738,14
11560.785 Rules on eligibility for tax benefits. (1) For the development zone
12program under ss. 560.70 to 560.78 and the enterprise development zone program
13under s. 560.797, the department shall promulgate rules that further define a
14person's eligibility for tax benefits. The rules shall do at least all of the following:
AB100-ASA1,1738,1615
(a) Limit a person's eligibility to claim tax benefits for retaining full-time jobs
16to those jobs that likely would not have been retained but for the tax benefits.
AB100-ASA1,1738,1917
(b) Allow a person to claim up to $6,500 in tax benefits during the time that an
18area is designated as a development zone or as an enterprise development zone for
19any of the following:
AB100-ASA1,1738,2020
1. Creating a full-time job that is filled by a member of the target population.
AB100-ASA1,1738,2121
2. Retaining a full-time job that is filled by a member of the target population.
AB100-ASA1,1738,2422
(c) Allow a person to claim up to $4,000 in tax benefits during the time that an
23area is designated as a development zone or as an enterprise development zone for
24any of the following:
AB100-ASA1,1739,2
11. Creating a full-time job that is filled by an individual who is not a member
2of the target population.
AB100-ASA1,1739,43
2. Retaining a full-time job that is filled by an individual who is not a member
4of the target population.
AB100-ASA1,1739,65
(d) Require at least 25% of the tax benefits claimed by a person to be based on
6creating or retaining full-time jobs.
AB100-ASA1,1739,97
(e) Require at least one-third of the tax benefits claimed by a person that are
8based on creating or retaining full-time jobs to be based on creating or retaining
9full-time jobs that are filled by members of the target population.
AB100-ASA1,1739,1110
(f) Specify how long a full-time job that is created or retained by a person must
11be maintained in order for the person to claim tax benefits for the full-time job.
AB100-ASA1,1739,1312
(g) Generally provide incentives for the retention of employes filling full-time
13jobs upon which tax benefits are based.
AB100-ASA1,1739,15
14(2) The department may by rule specify circumstances under which the
15department may grant exceptions to any of the following:
AB100-ASA1,1739,1616
(a) The requirements specified under sub. (1) (d) and (e).
AB100-ASA1,1739,1817
(b) The requirement under ss. 560.70 (2m) and 560.797 (1) (am) that an
18individual's pay must equal at least 150% of the federal minimum wage.
AB100-ASA1,1739,2220
560.795
(3) (b) 6. The number of
full-time jobs that will be created, retained
21or substantially upgraded as a result of the corporation's economic activity in
22relation to the amount of tax benefits estimated for the corporation.
AB100-ASA1,1740,3
1560.795
(3) (d) The department
annually shall verify information submitted
2to the department under s.
71.07 (2dx), 71.28
(1di) (d) 2., (1dj) (e) 3., (1dL) (f), (1ds)
3(d) 2. and (4) (am) (1dx) or 71.47 (1dx).
AB100-ASA1,1740,55
560.797
(1) (am) "Full-time job" has the meaning given in s. 560.70 (2m).
AB100-ASA1,1740,87
560.797
(2) (b) 4. The number of
full-time jobs that are likely to be created as
8a result of the project.
AB100-ASA1,1740,1110
560.797
(2) (b) 5. The number of
full-time jobs that are likely to be available
11to the target population as a result of the project.
AB100-ASA1,1740,1513
560.797
(3) (b) 6. The estimated number of
full-time jobs that will be created,
14retained or substantially upgraded as a result of the person's project in relation to
15the amount of tax benefits estimated for the person.
AB100-ASA1,1740,1817
560.797
(3) (b) 8. The estimated number of
full-time jobs that will be filled by
18members of the target population.
AB100-ASA1,1740,2221
560.797
(4) (g) The department annually shall verify information submitted
22to the department under s. 71.07 (2dx), 71.28 (1dx) or 71.47 (1dx).
AB100-ASA1,1740,2524
560.80
(5) "Eligible recipient" means a person who is eligible to receive a grant
25under s. 560.82 (5)
or 560.837 or a grant or loan under s. 560.83 (5) or 560.835.
AB100-ASA1,1741,32
560.80
(5m) "Finance project" means financial assistance to a minority group
3member or a minority business described in s. 560.837.
AB100-ASA1,1741,95
560.80
(6) "Job" means a
regular, nonseasonal full-time position
providing
6full-time equivalent employment for one individual for one year, beginning after a
7project is completed in which an individual, as a condition of employment, is required
8to work at least 2,080 hours per year, including paid leave and holidays. "Job" does
9not include initial training before an employment position begins.
AB100-ASA1,1741,1211
560.80
(11) "Project" means a development project, a recycling development
12project
or, an early planning project
, a finance project or a revolving fund project.
AB100-ASA1,1741,1414
560.81
(4) The board awards a grant to the eligible recipient under s. 560.837.
AB100-ASA1, s. 3146
15Section
3146. 560.82 (4) (a) (intro.) of the statutes is amended to read:
AB100-ASA1,1741,1716
560.82
(4) (a) (intro.) Award in a fiscal biennium, for grants under sub. (1), more
17than
10% 25% of the total of all of the following:
AB100-ASA1,1741,20
19560.83 (title)
Minority business development and revolving fund
20grants and loans.
AB100-ASA1, s. 3148
21Section
3148. 560.83 (2) (a) of the statutes is renumbered 560.83 (2) (a) (intro.)
22and amended to read:
AB100-ASA1,1741,2423
560.83
(2) (a) (intro.) The local development corporation agrees to use the
24proceeds of grants or loans under this section
to
for any of the following:
