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:
AB100-ASA1,1742,2
11. To make grants or loans
not exceeding $50,000 each to eligible recipients to
2fund eligible
project development
project costs.
AB100-ASA1,1742,64
560.83
(2) (a) 2. To create, expand or continue a revolving fund program that
5is operated by the local development corporation and that benefits or will benefit
6minority businesses or minority group members who are residents of this state.
AB100-ASA1, s. 3150
7Section
3150. 560.83 (2) (b) of the statutes is repealed and recreated to read:
AB100-ASA1,1742,108
560.83
(2) (b) The local development corporation agrees to use factors similar
9to those described in s. 560.84 (1) (a) to (k) and (2) (a) to (f) when making grants or
10loans under par. (a) 1. or under a revolving fund program under par. (a) 2.
AB100-ASA1,1742,1412
560.83
(3) The board may not award a grant or loan under sub. (1) or (2) unless
13the eligible recipient
or the local development corporation submits an application,
14or other materials, in a form specified by the department by rule.
AB100-ASA1, s. 3152
15Section
3152. 560.83 (4) of the statutes is renumbered 560.83 (4) (a) and
16amended to read:
AB100-ASA1,1742,2017
560.83
(4) (a) In any fiscal biennium, the board
or local development
18corporation may not award, to any one eligible recipient or for any one development
19project, grants or loans under sub. (1)
or (2) that total more than $100,000 in a fiscal
20biennium.
AB100-ASA1,1742,2422
560.83
(4) (b) In any fiscal year, the board may not award to any one local
23development corporation grants or loans under sub. (2) that total more than
24$200,000.
AB100-ASA1,1743,4
1560.837 Minority business development finance grants. Subject to s.
2560.84, the board may award a grant under this section to a private financial
3institution, as defined in s. 234.01 (5k), to fund finance projects if all of the following
4apply:
AB100-ASA1,1743,5
5(1) The financial institution is operating not for profit.
AB100-ASA1,1743,7
6(2) The financial institution uses the grant proceeds to make loans for working
7capital to minority group members and minority businesses.
AB100-ASA1,1743,8
8(3) The loans for working capital under sub. (2) do not exceed $5,000.
AB100-ASA1,1743,1310
560.84
(1) (intro.) The department or board may not award a grant or loan for
11a project under this subchapter unless, after considering the application or other
12material submitted by the eligible recipient
or local development corporation, the
13department or board determines all of the following:
AB100-ASA1, s. 3155
14Section
3155. 560.84 (1) (e) (intro.) of the statutes is amended to read:
AB100-ASA1,1743,1715
560.84
(1) (e) (intro.) That the eligible recipient
or local development
16corporation receiving the grant or loan will contribute, from a source or sources other
17than the state, whichever of the following applies:
AB100-ASA1,1743,2019
560.84
(1) (e) 3. For a grant or loan funding a revolving fund project, a cash
20contribution of not less than 50% of the cost of the project.
AB100-ASA1,1743,2322
560.84
(1) (f) That the project meets all criteria set forth in s. 560.82, 560.83
23or, 560.835
or 560.837, whichever is appropriate.
AB100-ASA1,1744,3
1560.84
(1) (j) If a development project
or, recycling development project
or
2finance project, that funds from the grant or loan will not be used to refinance
3existing debt.
