Amendment ASA1-AB40

AB40-ASA1,1105,19 2. The death of the participant if the participant is the sole owner, or the.

AB40-ASA1,1105,21 3. The death of the last surviving co-owner who owns the qualifying dwelling unit, or upon discovery by the.

AB40-ASA1,1105,23 4. The authority discovers that a the participant or a co-owner has made a false statement on the application or otherwise in respect to the program, or upon.

AB40-ASA1,1105,25 5. The condemnation or involuntary conversion of the qualifying dwelling unit, or if a.

AB40-ASA1,1106,2 6. The participant ceases to meet the eligibility requirements of s. 234.623, except as provided in sub. (5) or.

AB40-ASA1,1106,3 7. The participant fails to comply with the provisions of par. (d) or, at.

AB40-ASA1,1106,5 8. At the participant's or co-owner's election, at any time before any of the events enumerated in this paragraph under subds. 1. to 7. occurs.

AB40-ASA1,2055i Section 2055i. 234.625 (4) (b) 9. of the statutes is created to read:

AB40-ASA1,1106,10 234.625 (4) (b) 9. If the participant is a veteran, as defined in s. 45.01 (12) (a) to (f), who is not 65 years of age or older, at a time before any of the events under subds. 1. to 7. occurs, as determined under policies and procedures established by the authority.

AB40-ASA1,2055k Section 2055k. 238.03 (3) (a) of the statutes is amended to read:

AB40-ASA1,1107,2 238.03 (3) (a) That each recipient of a grant or loan under the program of at least $100,000 submit to the corporation, within 120 days after the end of the recipient's fiscal year in which any grant or loan funds were expended, a verified statement describing the recipient's expenditure schedule of expenditures of the grant or loan funds, including expenditures of any matching cash or in-kind match, signed by both an independent certified public accountant and the director or principal officer of the recipient to attest to the accuracy of the verified statement schedule of expenditures. The recipient shall engage an independent certified public accountant to perform procedures, approved by the corporation and consistent with applicable professional standards of the American Institute of Certified Public Accountants, to determine whether the grant or loan funds and any matching cash or in-kind match were expended in accordance with the grant or loan contract. The board shall also require the recipient of such a grant or loan to make available for inspection the documents supporting the verified statement schedule of expenditures. The board must shall include the requirement requirements under this paragraph in the contract with grant or loan recipients.

AB40-ASA1,2055m Section 2055m. 238.045 of the statutes is created to read:

AB40-ASA1,1107,8 238.045 Establishment of nonprofit organization. (1) Definition. In this section, "nonprofit organization" means a nonprofit corporation, as defined in s. 181.0103 (17), and any organization described in section 501 (c) (3) of the Internal Revenue Code that is exempt from federal income tax under section 501 (a) of the Internal Revenue Code.

AB40-ASA1,1107,10 (2) Approval required. (a) The corporation may not establish a nonprofit organization without the approval of the joint committee on finance.

AB40-ASA1,1107,15 (b) The joint committee on finance may approve the corporation's establishment of a nonprofit organization if the corporation's chief executive officer submits a request for approval to the committee that describes in detail the corporation's proposal to establish a nonprofit organization and the chief executive officer appears at the committee's meeting to consider that request for approval.

AB40-ASA1,2055o Section 2055o. 238.07 (2) (ag) of the statutes is created to read:

AB40-ASA1,1107,18 238.07 (2) (ag) An accounting of the location, by municipality, of each job created or retained in the state in the previous fiscal year as a result of the program.

AB40-ASA1,2055q Section 2055q. 238.07 (2) (ar) of the statutes is created to read:

AB40-ASA1,1107,21 238.07 (2) (ar) An accounting of the industry classification, by municipality, of each job created or retained in the state as a result of the program.

AB40-ASA1,2055s Section 2055s. 238.07 (2) (dm) of the statutes is created to read:

AB40-ASA1,1107,24 238.07 (2) (dm) The total amount of tax benefits allocated, and the total amount of tax benefits verified to the department of revenue, under the program.

AB40-ASA1,2055t Section 2055t. 238.07 (2) (fm) of the statutes is created to read:

AB40-ASA1,1108,3 238.07 (2) (fm) An identification of each recipient of a tax benefit allocated, and each recipient of a tax benefit that was verified to the department of revenue, under the program.

AB40-ASA1,2055v Section 2055v. 238.07 (4) of the statutes is created to read:

AB40-ASA1,1108,9 238.07 (4) Annually, beginning in 2014, the board shall have an independent audit conducted of the corporation's financial statements for the previous fiscal year and submit the audit report to the joint legislative audit committee and the chief clerk of each house of the legislature, for distribution to the legislature under s. 13.172 (2).

AB40-ASA1,2055x Section 2055x. 238.09 of the statutes is created to read:

AB40-ASA1,1108,12 238.09 Procurement policies and procedures. The board shall adopt policies and procedures that specify all of the following:

AB40-ASA1,1108,14 (1) When the corporation is required to publicly solicit proposals from multiple vendors of goods or services.

AB40-ASA1,1108,15 (2) How the corporation is to evaluate proposals from multiple vendors.

AB40-ASA1,1108,17 (3) How the corporation is to assess any conflict of interest a vendor may have if the vendor sells goods or services to the corporation.

AB40-ASA1,2056 Section 2056. 238.133 (1) (c) of the statutes is amended to read:

AB40-ASA1,1108,20 238.133 (1) (c) "Petroleum product" has the meaning given in s. 101.143 292.63 (1) (f).

AB40-ASA1,2057 Section 2057. 238.133 (1) (e) of the statutes is amended to read:

AB40-ASA1,1108,23 238.133 (1) (e) "Underground petroleum product storage tank" has the meaning given in s. 101.143 292.63 (1) (i).

AB40-ASA1,2058 Section 2058. 238.145 of the statutes is repealed.

AB40-ASA1,2059 Section 2059. 238.146 of the statutes is repealed.

AB40-ASA1,2060 Section 2060. 238.16 (1) (c) of the statutes is renumbered 238.16 (1) (c) 1. and amended to read:

AB40-ASA1,1109,9 238.16 (1) (c) 1. "Full-time Except as provided in subd. 2., "full-time job" means a regular, nonseasonal full-time position in which an individual, as a condition of employment, is required to work at least 2,080 hours per year, including paid leave and holidays, and for which the individual receives pay that is equal to at least 150 percent of the federal minimum wage and benefits that are not required by federal or state law. "Full-time job" does not include initial training before an employment position begins.

AB40-ASA1,2061 Section 2061. 238.16 (1) (c) 2. of the statutes is created to read:

AB40-ASA1,1109,14 238.16 (1) (c) 2. The corporation may grant exceptions to the requirement under subd. 1. that a full-time job means a position in which an individual, as a condition of employment, is required to work at least 2,080 hours per year if all of the following apply:

AB40-ASA1,1109,16 a. The annual pay for the position is more than the amount determined by multiplying 2,080 by 150 percent of the federal minimum wage.

AB40-ASA1,1109,19 b. An individual in the position is offered retirement, health, and other benefits that are equivalent to the retirement, health, and other benefits offered to an individual who is required to work at least 2,080 hours per year.

AB40-ASA1,2062 Section 2062. 238.16 (3) (intro.) of the statutes is amended to read:

AB40-ASA1,1110,2 238.16 (3) Eligibility for tax benefits. (intro.) A person certified under sub. (2) may receive tax benefits under this section if, in each year for which the person claims tax benefits under this section, the person increases net employment in the person's business above the net employment in the person's business during the year before the person was certified under sub. (2), as determined by the corporation under its policies and procedures, and one of the following applies:

AB40-ASA1,2063 Section 2063. 238.16 (3) (a) of the statutes is amended to read:

AB40-ASA1,1110,7 238.16 (3) (a) In a tier I county or municipality, an eligible employee for whom the person claims a tax credit will earn at least $20,000 the amount determined by multiplying 2,080 by 150 percent of the federal minimum wage in wages from the person in the year for which the credit is claimed.

AB40-ASA1,2064 Section 2064. 238.16 (3) (am) of the statutes is repealed.

AB40-ASA1,2065 Section 2065. 238.16 (4) (b) 1. (intro.) of the statutes is amended to read:

AB40-ASA1,1110,14 238.16 (4) (b) 1. (intro.) The corporation may award to a person certified under sub. (2) tax benefits for each eligible employee in an amount equal to up to 10 percent of the wages paid by the person to that employee or $10,000, whichever is less, if that employee earned wages in the year for which the tax benefit is claimed equal to one of the following:

AB40-ASA1,2066 Section 2066. 238.16 (4) (b) 1. a. of the statutes is amended to read:

AB40-ASA1,1110,17 238.16 (4) (b) 1. a. In a tier I county or municipality, at least $20,000 the amount determined by multiplying 2,080 by 150 percent of the federal minimum wage.

AB40-ASA1,2067 Section 2067. 238.16 (5) (f) (intro.) of the statutes is amended to read:

AB40-ASA1,1110,21 238.16 (5) (f) (intro.) The corporation shall adopt rules policies and procedures for the implementation and operation of this section, including rules policies and procedures relating to the following:

AB40-ASA1,2068 Section 2068. 238.16 (5) (f) 5. of the statutes is created to read:

AB40-ASA1,1110,24 238.16 (5) (f) 5. Determining a change in net employment in a person's business.

AB40-ASA1,2069 Section 2069. 238.20 of the statutes is repealed.

AB40-ASA1,2070 Section 2070. 238.30 (intro.) of the statutes is amended to read:

AB40-ASA1,1111,2 238.30 Definitions. (intro.) In this section and ss. 238.31 238.301 to 238.395:

AB40-ASA1,2071 Section 2071. 238.30 (2m) (b) of the statutes is renumbered 238.30 (2m) (b) (intro.) and amended to read:

AB40-ASA1,1111,11 238.30 (2m) (b) (intro.) The corporation may adopt a rule specifying circumstances under which the corporation may grant exceptions to the requirement under par. (a) that a full-time job means a job position in which an individual, as a condition of employment, is required to work at least 2,080 hours per year, but under no circumstances may a full-time job mean a job in which an individual, as a condition of employment, is required to work less than 37.5 hours per week. if all of the following apply:

AB40-ASA1,2072 Section 2072. 238.30 (2m) (b) 1. of the statutes is created to read:

AB40-ASA1,1111,14 238.30 (2m) (b) 1. The annual pay for the position is more than the amount determined by multiplying 2,080 by 150 percent of the federal minimum wage.

AB40-ASA1,2073 Section 2073. 238.30 (2m) (b) 2. of the statutes is created to read:

AB40-ASA1,1111,18 238.30 (2m) (b) 2. An individual in the position is offered retirement, health, and other benefits that are equivalent to the retirement, health, and other benefits offered to an individual who is required to work at least 2,080 hours per year.

AB40-ASA1,2074 Section 2074. 238.30 (4m) of the statutes is amended to read:

AB40-ASA1,1112,7 238.30 (4m) "Member of a targeted group" means a person who resides in an area designated by the federal government as an economic revitalization area, a person who is employed in an unsubsidized job but meets the eligibility requirements under s. 49.145 (2) and (3) for a Wisconsin Works employment position, a person who is employed in a trial job, as defined in s. 49.141 (1) (n), 2011 stats., or in a real work, real pay project position under s. 49.147 (3m) trial employment match program job, as defined in s. 49.141 (1) (n), a person who is eligible for child care assistance under s. 49.155, a person who is a vocational rehabilitation referral, an economically disadvantaged youth, an economically disadvantaged veteran, a supplemental security income recipient, a general assistance recipient, an economically disadvantaged ex-convict, a dislocated worker, as defined in 29 USC 2801 (9), or a food stamp recipient, if the person has been certified in the manner under 26 USC 51 (d) (13) (A) by a designated local agency, as defined in 26 USC 51 (d) (12).

AB40-ASA1,2075 Section 2075. 238.303 (1) (a) of the statutes is amended to read:

AB40-ASA1,1112,15 238.303 (1) (a) Except as provided in pars. (am) and (b), and subject to a reallocation by the corporation pursuant to rules adopted under s. 238.15 (3) (d), the total tax benefits available to be allocated by the corporation under ss. 238.301 to 238.306 may not exceed the sum of the tax benefits remaining to be allocated under s. 560.71 to 560.785, 2009 stats., s. 560.797, 2009 stats., s. 560.798, 2009 stats., s. 560.7995, 2009 stats., and s. 560.96, 2009 stats., on March 6, 2009, plus $25,000,000 $100,000,000.

AB40-ASA1,2075m Section 2075m. 238.303 (1) (am) of the statutes is amended to read:

AB40-ASA1,1113,5 238.303 (1) (am) The corporation may initially allocate only $61,000,000 of the additional $100,000,000 in tax benefits specified in par. (a). Before the corporation allocates the additional $25,000,000 remaining $39,000,000 in tax benefits specified in par. (a), the corporation shall submit its plan for such allocation , including a report that describes the intended use of the tax benefits, to the joint committee on finance. If the cochairpersons of the committee do not notify the corporation within 14 working days after the date of the corporation's submittal that the committee has scheduled a meeting for the purpose of reviewing the plan, the plan may be implemented and the additional remaining amount may be allocated as proposed by the corporation. If, within 14 working days after the date of the corporation's submittal, the cochairpersons of the committee notify the corporation that the committee has scheduled a meeting for the purpose of reviewing the proposed plan, the plan may be implemented and the additional remaining amount allocated only upon approval of the committee.

AB40-ASA1,2077 Section 2077. 238.399 (1) (am) 2. of the statutes is renumbered 238.399 (1) (am) 2. (intro.) and amended to read:

AB40-ASA1,1113,13 238.399 (1) (am) 2. (intro.) The corporation may by rule specify circumstances under which the corporation may grant exceptions to the requirement under subd. 1. that a full-time employee means an individual who, as a condition of employment, is required to work at least 2,080 hours per year, but under no circumstances may a full-time employee mean an individual who, as a condition of employment, is required to work less than 37.5 hours per week. if all of the following apply:

AB40-ASA1,2078 Section 2078. 238.399 (1) (am) 2. a. of the statutes is created to read:

AB40-ASA1,1113,17 238.399 (1) (am) 2. a. The individual is employed in a job for which the annual pay is more than the amount determined by multiplying 2,080 by 150 percent of the federal minimum wage.

AB40-ASA1,2079 Section 2079. 238.399 (1) (am) 2. b. of the statutes is created to read:

AB40-ASA1,1113,21 238.399 (1) (am) 2. b. The individual is offered retirement, health, and other benefits that are equivalent to the retirement, health, and other benefits offered to an individual who is required to work at least 2,080 hours per year.

AB40-ASA1,2080 Section 2080. 238.399 (5) (c) 2. (intro.) of the statutes is amended to read:

AB40-ASA1,1113,24 238.399 (5) (c) 2. (intro.) The business makes a significant capital investment in property located in the enterprise zone and all of the following apply:

AB40-ASA1,2081 Section 2081. 238.399 (5) (c) 2. a. of the statutes is repealed.

AB40-ASA1,2082 Section 2082. 238.399 (5) (d) 1. of the statutes is amended to read:

AB40-ASA1,1114,3 238.399 (5) (d) 1. The business is an original equipment a manufacturer with a significant supply chain in the state, as determined by the corporation by rule.

AB40-ASA1,2083 Section 2083. 238.399 (6) (d) of the statutes is amended to read:

AB40-ASA1,1114,8 238.399 (6) (d) The corporation may require a business to repay any tax benefits the business claims for a year in which the business failed to maintain employment or capital investment levels or a significant capital investment in property required by an agreement under sub. (5) (c).

AB40-ASA1,2084 Section 2084. 238.399 (6) (g) (intro.) of the statutes is amended to read:

AB40-ASA1,1114,11 238.399 (6) (g) (intro.) The corporation shall adopt rules policies and procedures specifying all of the following:

AB40-ASA1,2085 Section 2085. 238.399 (6) (g) 2. of the statutes is repealed.

AB40-ASA1,2086 Section 2086. 238.399 (6) (g) 2m. of the statutes is created to read:

AB40-ASA1,1114,15 238.399 (6) (g) 2m. The definition of "significant capital investment" for purposes of sub. (5).

AB40-ASA1,2086s Section 2086s. 252.12 (2) (a) 8. (intro.) of the statutes is amended to read: