SB40-CSA1,1396,76
3. The geographical distribution of grants awarded and loans made under this
7section.
SB40-CSA1,1396,9
8(3) A grant under this section may not exceed 50 percent of the costs of an
9eligible project.
SB40-CSA1,1396,12
10(4) In consultation with the department of agriculture, trade and consumer
11protection, the department of natural resources, and the public service commission,
12the department may promulgate rules necessary to administer this section.
SB40-CSA1, s. 3565g
13Section 3565g. 560.13 (2) (a) (intro.) of the statutes is amended to read:
SB40-CSA1,1396,1614
560.13
(2) (a) (intro.) Subject to subs. (4) and (5), from the
appropriations 15appropriation under s. 20.143 (1)
(br) and (qm) the department may make a grant
16to a person if all of the following apply:
SB40-CSA1,1396,2019
560.14
(1) (ar) "Brownfields" has the meaning given in s.
560.60 (1v) 560.13 (1)
20(a).
SB40-CSA1,1397,2
1560.17
(1) (am) "Brownfields" has the meaning given in s.
560.60 (1v) 560.13
2(1) (a).
SB40-CSA1,1397,64
560.17
(1) (bm) "Job"
has the meaning given in s. 560.60 (10) means a position
5providing full-time equivalent employment. "Job" does not include initial training
6before an employment position begins.
SB40-CSA1,1397,12
9560.204 Hardware and software used to maintain medical records. (1) 10The department shall implement a program to certify health care providers as
11eligible for the electronic medical records credit under ss. 71.07 (5i), 71.28 (5i), and
1271.47 (5i).
SB40-CSA1,1397,16
13(2) If the department certifies a health care provider under sub. (1), the
14department shall determine the amount of credits to allocate to the health care
15provider. The total amount of electronic medical records credits allocated to health
16care providers in any year may not exceed $10,000,000.
SB40-CSA1,1397,19
17(3) The department shall inform the department of revenue of every health
18care provider certified under sub. (1) and the amount of credits allocated to the health
19care provider.
SB40-CSA1,1397,21
20(4) The department, in consultation with the department of revenue, shall
21promulgate rules to administer this section.
SB40-CSA1,1398,323
560.205
(1) (g) It is not engaged in real estate development, insurance,
24banking, lending, lobbying, political consulting, professional services provided by
25attorneys, accountants, business consultants, physicians, or health care
1consultants, wholesale or retail trade, leisure, hospitality, transportation, or
2construction
, except construction of power production plants that derive energy from
3a renewable resource, as defined in s. 196.378 (1) (h).
SB40-CSA1,1398,195
560.205
(3) (d)
Rules. The department of commerce, in consultation with the
6department of revenue, shall promulgate rules to administer this section. The rules
7shall further define "bona fide angel investment" for purposes of s. 71.07 (5d) (a) 1.
8The rules shall limit the aggregate amount of tax credits under s. 71.07 (5d) that may
9be claimed for investments in businesses certified under sub. (1) at $3,000,000 per
10calendar year for calendar years beginning after December 31, 2004
. The, and
11$5,500,000 per calendar year for calendar years beginning after December 31, 2007.
12The rules shall also limit the aggregate amount of the tax credits under ss. 71.07 (5b),
1371.28 (5b), and 71.47 (5b) that may be claimed for investments paid to fund managers
14certified under sub. (2) at $3,500,000 per calendar year for calendar years beginning
15after December 31, 2004
, and $6,000,000 per calendar year for calendar years
16beginning after December 31, 2007. The rules shall also provide that, for calendar
17years beginning after December 31, 2007, no person may receive a credit under ss.
1871.07 (5b) and (5d), 71.28 (5b), or 71.47 (5b) unless the person's investment is kept
19in a certified business, or with a certified fund manager, for no less than 3 years.
SB40-CSA1,1398,24
21560.207 Dairy manufacturing facility investment credit. (1) The
22department of commerce shall implement a program to certify taxpayers as eligible
23for the dairy manufacturing facility investment credit under ss. 71.07 (3p), 71.28
24(3p), and 71.47 (3p).
SB40-CSA1,1399,6
1(2) If the department of commerce certifies a taxpayer under sub. (1), the
2department of commerce shall determine the amount of credits to allocate to that
3taxpayer. The total amount of dairy manufacturing facility investment credits
4allocated to taxpayers in fiscal year 2007-08 may not exceed $600,000 and the total
5amount of dairy manufacturing facility investment credits allocated to taxpayers in
6fiscal year 2008-09, and in each fiscal year thereafter, may not exceed $700,000.
SB40-CSA1,1399,9
7(3) The department of commerce shall inform the department of revenue of
8every taxpayer certified under sub. (1) and the amount of credits allocated to the
9taxpayer.
SB40-CSA1,1399,11
10(4) The department of commerce, in consultation with the department of
11revenue, shall promulgate rules to administer this section.
SB40-CSA1,1399,1614
560.275
(4) (e)
Entrepreneurial and technology transfer grants. The total
15amount of grants under sub. (2) (e) may not exceed
$500,000 $600,000 in any fiscal
16year.
SB40-CSA1, s. 3581a
17Section 3581a. Subchapter II (title) of chapter 560 [precedes 560.30] of the
18statutes is renumbered 560.29 (title).
SB40-CSA1, s. 3581b
19Section 3581b. 560.30 (intro.) of the statutes is renumbered 560.29 (1) (intro.)
20and amended to read:
SB40-CSA1,1399,22
21560.29 Certified capital companies.
(1) Definitions. (intro.) In this
22subchapter section:
SB40-CSA1, s. 3581d
24Section 3581d. 560.30 (2) of the statutes is renumbered 560.29 (1) (a) and
25amended to read:
SB40-CSA1,1400,3
1560.29
(1) (a) "Certified capital company" means a person that has been
2certified by the department under s. 560.31
, 2005 stats., and that has not been
3decertified under s. 560.37 (3) or (3m)
, 2005 stats.
SB40-CSA1, s. 3581f
5Section 3581f. 560.30 (4) of the statutes is renumbered 560.29 (1) (b) and
6amended to read:
SB40-CSA1,1400,107
560.29
(1) (b) "Certified capital investment" means an investment in a certified
8capital company that is certified under s. 560.32 (2)
, 2005 stats., and that fully funds
9either the investor's equity interest in a certified capital company, a qualified debt
10instrument that a certified capital company issues, or both.
SB40-CSA1, s. 3581j
14Section 3581j. 560.30 (8) of the statutes is renumbered 560.29 (1) (f) and
15amended to read:
SB40-CSA1,1400,1716
560.29
(1) (f) "Qualified business" means a business which is a qualified
17business under s. 560.33
, 2005 stats.
SB40-CSA1, s. 3581m
20Section 3581m. 560.30 (11) of the statutes is renumbered 560.29 (1) (g) and
21amended to read:
SB40-CSA1,1400,2422
560.29
(1) (g) "Qualified investment" means an investment in a qualified
23business by a certified capital company that meets the requirements under s. 560.34
24(1)
, 2005 stats.
SB40-CSA1, s. 3581r
4Section 3581r. 560.35 (title) of the statutes is renumbered 560.29 (2) (title).
SB40-CSA1, s. 3581s
5Section 3581s. 560.35 (1) (intro.) of the statutes is renumbered 560.29 (2) (a)
6(intro.).
SB40-CSA1, s. 3581t
7Section 3581t. 560.35 (1m) of the statutes is renumbered 560.29 (2) (b) and
8amended to read:
SB40-CSA1,1401,139
560.29
(2) (b)
Violation of agreements by qualified businesses. As soon as
10practicable after the receipt of information by the certified capital company that a
11qualified business has violated an agreement made under s. 560.34 (1) (b) to (e),
2005
12stats., the certified capital company shall notify the department of the violation and
13the facts giving rise to the violation.
SB40-CSA1, s. 3581v
15Section 3581v. 560.35 (3) of the statutes is renumbered 560.29 (2) (d) and
16amended to read:
SB40-CSA1,1402,317
560.29
(2) (d)
Financial statements. Within 90 days of the end of the certified
18capital company's fiscal year, the certified capital company shall provide to the
19department a copy of its annual audited financial statements, including the opinion
20of an independent certified public accountant. The audit shall address the methods
21of operation and conduct of the business of the certified capital company to determine
22whether the certified capital company is complying with this
subchapter section and
23the rules promulgated under
this subchapter subchapter II of ch. 560, 2005 stats.,
24including whether certified capital has been invested in the manner required under
25s. 560.34
, 2005 stats. The financial statements provided under this subsection shall
1be segregated by investment pool and shall be separately audited on that basis to
2allow the department to determine whether the certified capital company is in
3compliance with s. 560.34 (1m)
, 2005 stats.
SB40-CSA1, s. 3581w
4Section 3581w. 560.35 (4) of the statutes is renumbered 560.29 (2) (e) and
5amended to read:
SB40-CSA1,1402,96
560.29
(2) (e)
Fees. On or before January 31 annually, a certified capital
7company shall pay a nonrefundable certification fee of $5,000 to the department,
8unless January 31 falls within 6 months of the date on which the certified capital
9company was certified under s. 560.31
, 2005 stats.
SB40-CSA1,1402,1818
560.60
(3m) "Eligible activities" means any of the following:
SB40-CSA1,1402,1919
(a) Capital financing.
SB40-CSA1,1402,2020
(b) Worker training.
SB40-CSA1,1402,2121
(c) Entrepreneurial development.
SB40-CSA1,1402,2322
(d) Providing assistance to technology-based businesses or to businesses at a
23foreign trade show or event.
SB40-CSA1,1402,2424
(e) Promoting urban or regional economic development.
SB40-CSA1,1402,2525
(f) Establishing revolving loan funds.
SB40-CSA1,1403,1
1(g) Providing working capital.
SB40-CSA1,1403,22
(h) Promoting employee ownership through all of the following:
SB40-CSA1,1403,43
1. Conducting feasibility studies to investigate the reorganization or new
4incorporation of existing businesses as employee-owned businesses.
SB40-CSA1,1403,55
2. Implementing feasibility studies under subd. 1.
SB40-CSA1,1403,97
560.60
(4) "Eligible recipient" means a governing body or a person who is
8eligible to receive a grant or loan under s.
560.62, a grant or loan under s. 560.63 or
9a grant or loan under s. 560.65 560.61.
