SB77: Bill Text

SB77,1730,22 (c) The business commits to adopting and implementing the manufacturing and technological changes recommended as a result of the manufacturing assessment and plan.

SB77,1730,24 (2) The total amount of grants made under this section may not exceed $750,000 in a fiscal biennium.

SB77, s. 4493 Section 4493. 560.62 (1) (b) of the statutes is amended to read:

SB77,1731,9 560.62 (1) (b) A technology development loan to a business to provide working capital or fixed asset financing for the development of the infrastructure of the business or for the initial commercialization of the a new industrial product or process if the business received a technology development grant or loan under par. (a) and if the research that was funded by the grant or loan under par. (a) resulted in the successful development of a new, or the improvement of an existing, industrial product or process. A business that receives a loan under this paragraph may use the proceeds only to pay costs related to the production, marketing or sales of the a new or improved industrial product or process.

SB77, s. 4494 Section 4494. 560.62 (3) of the statutes is repealed.

SB77, s. 4495 Section 4495. 560.625 of the statutes is repealed.

SB77, s. 4496 Section 4496. 560.63 (1) of the statutes is amended to read:

SB77,1731,22 560.63 (1) The board may award a grant or loan under s. 560.61 to a business to fund a labor training program that provides state residents with job training in new technology, industrial skills or manufacturing processes or that are new to the business and in which advances have been made, as determined by the board, or with job training in other employment-related skills or techniques in which advances have been made, as determined by the board, in order to meet the staffing needs of a the business,. The board may not award a grant or loan to fund a labor training program if the training is not available fairly readily available, in the board's determination, through existing federal, state or local resources except as provided in sub. (4).

SB77, s. 4497 Section 4497. 560.63 (4) of the statutes is amended to read:

SB77,1732,2 560.63 (4) The contribution required under s. 560.605 (1) (e) 2. may consist of funding or of in-kind contributions. Not more than 20% of the contribution of a business may consist of funding which the business receives under the federal job training partnership act, 29 USC 1501 to 1781.

SB77, s. 4498 Section 4498. 560.66 (1) (intro.) of the statutes is amended to read:

SB77,1732,7 560.66 (1) (intro.) The board may award grants and loans under s. 560.61 to eligible recipients for any project that is not eligible for a grant or loan under ss. s. 560.615, 560.62, 560.625 or 560.63, if the board determines that the project is a major economic development project and considers all of the following:

SB77, s. 4499 Section 4499. 560.68 (3) of the statutes is created to read:

SB77,1732,13 560.68 (3) The department may charge a grant or loan recipient an origination fee of up to 1.5% of the grant or loan amount if the grant or loan exceeds $200,000 and is awarded under s. 560.63 or 560.66. The department shall deposit all origination fees collected under this subsection in the appropriation account under s. 20.143 (1) (gm).

SB77, s. 4500 Section 4500. 560.70 (2m) of the statutes is created to read:

SB77,1732,20 560.70 (2m) "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% 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.

SB77, s. 4501 Section 4501. 560.70 (6) of the statutes is amended to read:

SB77,1732,24 560.70 (6) "Target population" means persons who are members of targeted groups for the purposes of the credit under ss. 71.07 (2dj) (2dx), 71.28 (1dj) (1dx) and 71.47 (1dj) (1dx).

SB77, s. 4502 Section 4502. 560.70 (7) of the statutes is repealed and recreated to read:

SB77,1733,2 560.70 (7) "Tax benefits" means the development zones credit under ss. 71.07 (2dx), 71.28 (1dx) and 71.47 (1dx).

SB77, s. 4503 Section 4503. 560.71 (1m) (d) of the statutes is amended to read:

SB77,1733,5 560.71 (1m) (d) The number of full-time jobs that are likely to be created or retained in the area as a result of its designation as a development zone.

SB77, s. 4504 Section 4504. 560.71 (1m) (e) of the statutes is amended to read:

SB77,1733,8 560.71 (1m) (e) The number of full-time jobs that are likely to be available to the target population as a result of the designation of the area as a development zone.

SB77, s. 4505 Section 4505. 560.72 (2) (h) of the statutes is amended to read:

SB77,1733,11 560.72 (2) (h) An assessment of the effect of making the area a development zone on full-time jobs available to the targeted population.

SB77, s. 4506 Section 4506. 560.73 (1) (e) of the statutes is amended to read:

SB77,1733,14 560.73 (1) (e) The effect of making the area a development zone on full-time jobs available to the targeted population.

SB77, s. 4507 Section 4507. 560.735 (6r) of the statutes is created to read:

SB77,1733,20 560.735 (6r) Subject to the population limit under sub. (6m), if an area that is nominated or designated as a development zone is comprised of one or more entire counties and a city, village or town is partially located in the area and partially located outside of the area, the entire city, village or town shall be part of the nominated or designated area.

SB77, s. 4508 Section 4508. 560.745 (1) (b) of the statutes is amended to read:

SB77,1733,25 560.745 (1) (b) The local governing body may apply to the department for up to 3 5 12-month extensions of the designation. The department shall promulgate rules establishing criteria for approving an extension of a designation of an area as a development zone under this subsection.

SB77, s. 4509 Section 4509. 560.745 (2) (a) of the statutes is amended to read:

SB77,1734,4 560.745 (2) (a) When the department designates a development zone under s. 560.71, it shall establish a limit for tax benefits for the development zone determined by allocating to the development zone a portion of $28,155,000 $33,155,000.

SB77, s. 4510 Section 4510. 560.745 (2) (am) of the statutes is amended to read:

SB77,1734,8 560.745 (2) (am) Notwithstanding par. (a), the department may increase the established limit for tax benefits for a development zone that was designated before April 25, 1996, by no more than $500,000.

SB77, s. 4511 Section 4511. 560.745 (2) (c) 1. of the statutes is amended to read:

SB77,1734,12 560.745 (2) (c) 1. Ninety days after the day on which the department determines that the foregone tax revenues under par. (b) will equal or exceed the limit for the development zone established under par. (a) or (am).

SB77, s. 4512 Section 4512. 560.75 (8) of the statutes is amended to read:

SB77,1734,17 560.75 (8) Verify Annually verify information submitted to the department under ss. s. 71.07 (2di) (d) 2., (2dj) (e) 3., (2dL) (f) and (2ds) (d) 2. (2dx), 71.28 (1di) (d) 2., (1dj) (e) 3., (1dL) (f), (1ds) (d) 2. and (4) (am) and (1dx) or 71.47 (1di) (d) 2., (1dj) (e) 3., (1dL) (f), (1ds) (d) 2. and (4) (am) (1dx).

SB77, s. 4513 Section 4513. 560.75 (9) of the statutes is repealed.

SB77, s. 4514 Section 4514. 560.765 (3) (c) of the statutes is amended to read:

SB77,1734,22 560.765 (3) (c) The number of full-time jobs that will be created, retained or substantially upgraded as a result of the person's economic activity in relation to the amount of tax benefits estimated for the person under sub. (4).

SB77, s. 4515 Section 4515. 560.765 (3) (i) of the statutes is repealed.

SB77, s. 4516 Section 4516. 560.765 (5) (e) of the statutes is amended to read:

SB77,1735,3 560.765 (5) (e) The estimated number of full-time jobs that will be created, retained or significantly upgraded in the development zone because of the person's business.

SB77, s. 4517 Section 4517. 560.765 (5) (f) of the statutes is amended to read:

SB77,1735,7 560.765 (5) (f) An estimate of the number or percentage of full-time jobs described in par. (e) that are or will likely be held by members of the targeted population.

SB77, s. 4518 Section 4518. 560.768 (1) (a) of the statutes is amended to read:

SB77,1735,13 560.768 (1) (a) The department shall establish a limit on the maximum amount of tax benefits a person certified under s. 560.765 (3) may claim while an area is designated as a development zone. The limit may specify a minimum amount of the total tax benefits that may be used exclusively for the credits under ss. 71.07 (2dj), 71.28 (1dj) and 71.47 (1dj), subject to s. 560.75 (9).

SB77, s. 4519 Section 4519. 560.768 (1) (b) 2. of the statutes is amended to read:

SB77,1735,19 560.768 (1) (b) 2. Establish a limit which does not greatly exceed a recommended limit, established under rules promulgated by the department based on the cost, number and types of full-time jobs that will be created, retained or upgraded, including full-time jobs available to members of the targeted population, as a result of the economic activity of the person certified under s. 560.765 (3).

SB77, s. 4520 Section 4520. 560.78 (1) (a) of the statutes is amended to read:

SB77,1735,22 560.78 (1) (a) Result in the direct loss of full-time jobs at another of the person's business locations in this state outside of the development zone.

SB77, s. 4521 Section 4521. 560.78 (2) (a) of the statutes is amended to read:

SB77,1736,3 560.78 (2) (a) The total number of full-time jobs provided by the person in this state would be reduced if the person were not certified under s. 560.765 (3) or if the person's certification were revoked.

SB77, s. 4522 Section 4522. 560.78 (3) (b) of the statutes is amended to read:

SB77,1736,9 560.78 (3) (b) Only the department may determine whether sub. (2) (a) or (b) applies to a business relocation described in par. (a) if the business relocation would likely result in the loss of full-time jobs at or transfer of employes from a business location that is in this state but outside the limits of any city, village, town or federally recognized American Indian reservation in which the development zone is located.

SB77, s. 4523 Section 4523. 560.785 of the statutes is created to read:

SB77,1736,14 560.785 Rules on eligibility for tax benefits. (1) For the development zone program under ss. 560.70 to 560.78 and the enterprise development zone program under s. 560.797, the department shall promulgate rules that further define a person's eligibility for tax benefits. The rules shall do at least all of the following:

SB77,1736,16 (a) Limit a person's eligibility to claim tax benefits for retaining full-time jobs to those jobs that likely would not have been retained but for the tax benefits.

SB77,1736,19 (b) Allow a person to claim up to $6,500 in tax benefits during the time that an area is designated as a development zone or as an enterprise development zone for any of the following:

SB77,1736,20 1. Creating a full-time job that is filled by a member of the target population.

SB77,1736,21 2. Retaining a full-time job that is filled by a member of the target population.

SB77,1736,24 (c) Allow a person to claim up to $4,000 in tax benefits during the time that an area is designated as a development zone or as an enterprise development zone for any of the following:

SB77,1737,2 1. Creating a full-time job that is filled by an individual who is not a member of the target population.

SB77,1737,4 2. Retaining a full-time job that is filled by an individual who is not a member of the target population.

SB77,1737,6 (d) Require at least 25% of the tax benefits claimed by a person to be based on creating or retaining full-time jobs.

SB77,1737,9 (e) Require at least one-third of the tax benefits claimed by a person that are based on creating or retaining full-time jobs to be based on creating or retaining full-time jobs that are filled by members of the target population.

SB77,1737,11 (f) Specify how long a full-time job that is created or retained by a person must be maintained in order for the person to claim tax benefits for the full-time job.

SB77,1737,13 (g) Generally provide incentives for the retention of employes filling full-time jobs upon which tax benefits are based.

SB77,1737,15 (2) The department may by rule specify circumstances under which the department may grant exceptions to any of the following:

SB77,1737,16 (a) The requirements specified under sub. (1) (d) and (e).

SB77,1737,18 (b) The requirement under ss. 560.70 (2m) and 560.797 (1) (am) that an individual's pay must equal at least 150% of the federal minimum wage.

SB77, s. 4524 Section 4524. 560.795 (3) (b) 6. of the statutes is amended to read:

SB77,1737,22 560.795 (3) (b) 6. The number of full-time jobs that will be created, retained or substantially upgraded as a result of the corporation's economic activity in relation to the amount of tax benefits estimated for the corporation.

SB77, s. 4525 Section 4525. 560.795 (3) (d) of the statutes is amended to read:

SB77,1738,3 560.795 (3) (d) The department annually shall verify information submitted to the department under s. 71.07 (2dx), 71.28 (1di) (d) 2., (1dj) (e) 3., (1dL) (f), (1ds) (d) 2. and (4) (am) (1dx) or 71.47 (1dx).

SB77, s. 4526 Section 4526. 560.797 (1) (am) of the statutes is created to read:

SB77,1738,5 560.797 (1) (am) "Full-time job" has the meaning given in s. 560.70 (2m).

SB77, s. 4527 Section 4527. 560.797 (2) (b) 4. of the statutes is amended to read:

SB77,1738,8 560.797 (2) (b) 4. The number of full-time jobs that are likely to be created as a result of the project.

SB77, s. 4528 Section 4528. 560.797 (2) (b) 5. of the statutes is amended to read:

SB77,1738,11 560.797 (2) (b) 5. The number of full-time jobs that are likely to be available to the target population as a result of the project.

SB77, s. 4529 Section 4529. 560.797 (3) (b) 6. of the statutes is amended to read:

SB77,1738,15 560.797 (3) (b) 6. The estimated number of full-time jobs that will be created, retained or substantially upgraded as a result of the person's project in relation to the amount of tax benefits estimated for the person.

SB77, s. 4530 Section 4530. 560.797 (3) (b) 8. of the statutes is amended to read:

SB77,1738,18 560.797 (3) (b) 8. The estimated number of full-time jobs that will be filled by members of the target population.

SB77, s. 4531 Section 4531. 560.797 (3) (b) 9. of the statutes is repealed.