LRBa1678/1
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2007 - 2008 LEGISLATURE
SENATE AMENDMENT 7,
TO 2007 SENATE BILL 453
March 12, 2008 - Offered by Senator Roessler.
SB453-SA7,1,11 At the locations indicated, amend the bill as follows:
SB453-SA7,1,2 21. Page 1, line 3: before that line insert:
SB453-SA7,1,3 3" Section 1g. 560.7995 (2) (e) of the statutes is created to read:
SB453-SA7,1,64 560.7995 (2) (e) Notwithstanding pars. (a) to (c), the department shall
5designate as an airport development zone the area within the boundaries of Fond du
6Lac and Winnebago counties.".
SB453-SA7,1,7 72. Page 1, line 3: delete " Section 1" and substitute "Section 1m".
SB453-SA7,1,10 83. Page 2, line 1: after "airport development zone" insert ", except that the
9department shall limit the amount of tax benefits applicable to the airport
10development zone designated under sub. (2) (e) to $250,000
".
SB453-SA7,1,11 114. Page 2, line 7: after that line insert:
SB453-SA7,1,12 12" Section 1s. 560.7995 (4) (ar) of the statutes is created to read:
SB453-SA7,2,6
1560.7995 (4) (ar) A person that intends to operate a business in the airport
2development zone designated under sub. (2) (e) may submit to the department an
3application and a business plan that includes all of the information required under
4par. (a). In approving business plans submitted under this paragraph, the
5department shall give higher priority to airport development projects located or
6proposed to be located in a distressed area, as defined in s. 560.605 (7) (b).
SB453-SA7, s. 1y 7Section 1y. 560.7995 (4) (b) of the statutes is amended to read:
SB453-SA7,2,118 560.7995 (4) (b) If the department approves a business plan under par. (a) or
9(ar)
, the department shall certify the person as eligible for tax benefits. The
10department shall notify the department of revenue within 30 days of certifying a
11person under this paragraph.".
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