AB75: Bill Text

AB75,1529,4 (4) Ceases operations in the state and does not renew operation of the business or a similar business within 12 months.

AB75, s. 3099 Section 3099. 560.706 of the statutes is created to read:

AB75,1529,7 560.706 Responsibilities of the department. The department shall do all of the following:

AB75,1529,11 (1) Accountability. (a) Annually verify information submitted to the department of revenue under ss. 71.07 (2dy), 71.28 (1dy), 71.47 (1dy), and 76.637 by persons certified under s. 560.701 (2) and eligible to receive tax benefits under s. 560.703.

AB75,1529,13 (b) Notify and obtain written approval from the secretary for any certification under sub. (2) (j).

AB75,1529,14 (2) Rules. Establish by rule all of the following:

AB75,1529,18 (a) A schedule of hourly wage ranges to be paid, and health insurance benefits to be provided, to an employee by a person certified under s. 560.701 (2) and the corresponding per employee tax benefit for which a person certified under s. 560.701 (2) may be eligible.

AB75,1529,24 (b) A definition of "significant investment of capital" for purposes of s. 560.702 (2), together with a corresponding schedule of tax benefits for which a person who is certified under s. 560.701 (2) and who conducts a project described in s. 560.702 (2) may be eligible. The department shall include in the definition required under this paragraph a schedule of investments that takes into consideration the size or nature of the business.

AB75,1530,4 (c) A definition of "significant investments in the training or reeducation of employees" for purposes of s. 560.702 (3), together with a corresponding schedule of tax benefits for which a person who is certified under s. 560.701 (2) and who conducts a project under s. 560.702 (3) may be eligible.

AB75,1530,7 (d) A schedule of tax benefits for which a person who is certified under s. 560.701 (2) and who conducts a project that will result in the location or retention of a person's corporate headquarters in Wisconsin may be eligible.

AB75,1530,11 (e) The methodology for designating an area as economically distressed under s. 560.704 (1). The methodology under this paragraph shall require the department to consider the most current data available for the area and for the state on the following indicators:

AB75,1530,12 1. Unemployment rate.

AB75,1530,14 2. Percentage of families with incomes below the poverty line established under 42 USC 9902 (2).

AB75,1530,15 3. Median family income.

AB75,1530,16 4. Median per capita income.

AB75,1530,17 5. Average annual wage.

AB75,1530,18 6. Real property values.

AB75,1530,20 7. Other significant or irregular indicators of economic distress, such as a natural disaster.

AB75,1530,23 (f) A schedule of additional tax benefits for which a person who is certified under s. 560.701 (2) and who conducts an eligible activity described under s. 560.704 may be eligible.

AB75,1531,3 (g) Reporting requirements, minimum benchmarks, and outcomes expected of a person certified under s. 560.701 (2) before that person may receive tax benefits under s. 560.703.

AB75,1531,5 (h) Policies, criteria, and methodology for allocating a portion of the tax benefits available under s. 560.703 to rural areas.

AB75,1531,7 (i) Policies, criteria, and methodology for allocating a portion of the tax benefits available under s. 560.703 to small businesses.

AB75,1531,9 (j) Policies and criteria for certifying a person who may be eligible for tax benefits greater than or equal to $3,000,000.

AB75,1531,10 (k) Procedures for implementing ss. 560.701 to 560.706.

AB75,1531,16 (3) Reporting. Annually, 6 months after the report has been submitted under s. 560.01 (2) (am), submit to the joint legislative audit committee and to the appropriate standing committees of the legislature under s. 13.172 (3) a comprehensive report assessing the program under ss. 560.701 to 560.706. The report under this subsection shall update the applicable information provided in the report under s. 560.01 (2) (am).

AB75, s. 3100 Section 3100. 560.71 (1) (e) 4. c. of the statutes is amended to read:

AB75,1531,21 560.71 (1) (e) 4. c. The percentage of households in the area receiving unemployment insurance under ch. 108, relief funded by a relief block grant under ch. 49 or aid to families with dependent children under s. 49.19 is higher than the state average.

AB75, s. 3101 Section 3101. 560.71 (4) of the statutes is created to read:

AB75,1531,24 560.71 (4) No development zone may be designated under this section after the effective date of this subsection .... [LRB inserts date].

AB75, s. 3102 Section 3102. 560.737 (4) of the statutes is created to read:

AB75,1532,3 560.737 (4) No premises of a business incubator may be designated as part of a development zone under this section after the effective date of this subsection .... [LRB inserts date].

AB75, s. 3103 Section 3103. 560.74 (1) of the statutes is amended to read:

AB75,1532,10 560.74 (1) At Except as provided under sub. (6), at any time after a development zone is designated by the department, a local governing body may submit an application to change the boundaries of the development zone. If the boundary change reduces the size of a development zone, the local governing body shall explain why the area excluded should no longer be in a development zone. The department may require the local governing body to submit additional information.

AB75, s. 3104 Section 3104. 560.74 (6) of the statutes is created to read:

AB75,1532,14 560.74 (6) The department may not accept any applications under sub. (1) to change the boundaries of a development zone designated under s. 560.71 on or after the effective date of this subsection .... [LRB inserts date].

AB75, s. 3105 Section 3105. 560.745 (1) (b) of the statutes is amended to read:

AB75,1532,21 560.745 (1) (b) The local governing body may apply to the department for one 60-month extension 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. No applications may be accepted by the department under this paragraph on or after the effective date of this paragraph .... [LRB inserts date].

AB75, s. 3106 Section 3106. 560.745 (2) (am) of the statutes is amended to read:

AB75,1533,2 560.745 (2) (am) Notwithstanding par. (a), the department may increase the established limit for tax benefits for a development zone. The department may not increase the limit for tax benefits established for any development zone designated under s. 560.71 on or after the effective date of this paragraph .... [LRB inserts date].

AB75, s. 3107 Section 3107. 560.78 (1m) of the statutes is created to read:

AB75,1533,5 560.78 (1m) No person may be certified under s. 560.765 (3) on or after the effective date of this subsection .... [LRB inserts date].

AB75, s. 3108 Section 3108. 560.78 (3) (a) of the statutes is amended to read:

AB75,1533,13 560.78 (3) (a) Except as provided in par. pars. (b) and (c), if the economic activity for which a person is seeking certification under s. 560.765 (3) is the relocation of a business into a development zone from a location that is outside the development zone but within the limits of a city, village, town or federally recognized American Indian reservation in which that development zone is located, the local governing body that nominated that area as a development zone under s. 560.72 shall determine whether sub. (2) (a) or (b) applies.

AB75, s. 3109 Section 3109. 560.78 (3) (c) of the statutes is created to read:

AB75,1533,16 560.78 (3) (c) No local governing body may make any determination under this subsection on or after the effective date of this paragraph .... [LRB inserts date].

AB75, s. 3110 Section 3110. 560.785 (1) (intro.) of the statutes is amended to read:

AB75,1533,22 560.785 (1) (intro.) For the development zone program under ss. 560.70 and 560.71 to 560.78, the development opportunity zone program under s. 560.795 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:

AB75, s. 3111 Section 3111. 560.797 (2) (a) (intro.) of the statutes is amended to read:

AB75,1534,3 560.797 (2) (a) (intro.) Subject to pars. (c) and, (d), and (e), the department may designate an area as an enterprise development zone for a project if the department determines all of the following:

AB75, s. 3112 Section 3112. 560.797 (2) (a) 4. c. of the statutes is amended to read:

AB75,1534,8 560.797 (2) (a) 4. c. The percentage of households in the area receiving unemployment insurance under ch. 108, relief funded by a relief block grant under ch. 49 or aid to families with dependent children under s. 49.19 is higher than the state average.

AB75, s. 3113 Section 3113. 560.797 (2) (bg) (intro.) of the statutes is amended to read:

AB75,1534,12 560.797 (2) (bg) (intro.) Notwithstanding par. (a) and subject to pars. (c) and, (d), and (e), the department may designate an area as an enterprise development zone for a project if the department determines all of the following:

AB75, s. 3114 Section 3114. 560.797 (2) (e) of the statutes is created to read:

AB75,1534,16 560.797 (2) (e) The department may not designate any area as an enterprise development zone on or after the effective date of this paragraph .... [LRB inserts date].

AB75, s. 3115 Section 3115. 560.797 (3) (c) of the statutes is created to read:

AB75,1534,20 560.797 (3) (c) The department may not accept or approve any applications or project plans submitted under par. (a) on or after the effective date of this paragraph .... [LRB inserts date].

AB75, s. 3116 Section 3116. 560.797 (4) (a) of the statutes is amended to read:

AB75,1535,2 560.797 (4) (a) If Except as provided in par. (h), if the department approves a project plan under sub. (3) and designates the area in which the person submitting the project plan conducts or intends to conduct the project as an enterprise development zone under the criteria under sub. (2), the department shall certify the person as eligible for tax benefits.

AB75, s. 3117 Section 3117. 560.797 (4) (h) of the statutes is created to read:

AB75,1535,5 560.797 (4) (h) No person may be certified under this subsection on or after the effective date of this paragraph .... [LRB inserts date].

AB75, s. 3118 Section 3118. 560.798 (2) (a) of the statutes is amended to read:

AB75,1535,11 560.798 (2) (a) The Except as provided under par. (c), the department may designate one area in the state as an agricultural development zone. The area must be located in a rural municipality. An agricultural business that is located in an agricultural development zone and that is certified by the department under sub. (3) is eligible for tax benefits as provided in sub. (3).

AB75, s. 3119 Section 3119. 560.798 (2) (c) of the statutes is created to read:

AB75,1535,14 560.798 (2) (c) No area may be designated as an agricultural development zone on or after the effective date of this paragraph .... [LRB inserts date].

AB75, s. 3120 Section 3120. 560.798 (3) (a) of the statutes is amended to read:

AB75,1535,21 560.798 (3) (a) The Except as provided under par. (c), the department may certify for tax benefits in an agricultural development zone a new or expanding agricultural business that is located in the agricultural development zone. In determining whether to certify a business under this subsection, the department shall consider, among other things, the number of jobs that will be created or retained by the business.

AB75, s. 3121 Section 3121. 560.798 (3) (c) of the statutes is created to read:

AB75,1535,24 560.798 (3) (c) No business may be certified under this subsection on or after the effective date of this paragraph .... [LRB inserts date].

AB75, s. 3122 Section 3122. 560.7995 (2) (a) (intro.) of the statutes is amended to read:

AB75,1536,3 560.7995 (2) (a) (intro.) Subject to par. pars. (c) and (e), the department may designate an area as an airport development zone if the department determines all of the following:

AB75, s. 3123 Section 3123. 560.7995 (2) (d) of the statutes is amended to read:

AB75,1536,9 560.7995 (2) (d) Notwithstanding pars. (a) to (c), and except as provided in par. (e), the department shall designate as an airport development zone the area within the boundaries of Adams, Fond du Lac, Green Lake, Juneau, Langlade, Lincoln, Marathon, Marquette, Menominee, Oneida, Portage, Price, Shawano, Taylor, Waupaca, Waushara, Winnebago, Wood, and Vilas counties.

AB75, s. 3124 Section 3124. 560.7995 (2) (e) of the statutes is created to read:

AB75,1536,13 560.7995 (2) (e) No area may be designated as an airport development zone under this subsection on or after the effective date of this paragraph .... [LRB inserts date].

AB75, s. 3125 Section 3125. 560.7995 (4) (ar) of the statutes is created to read:

AB75,1536,17 560.7995 (4) (ar) The department may not accept or approve any applications or business plans submitted under par. (a) on or after the effective date of this paragraph .... [LRB inserts date].

AB75, s. 3126 Section 3126. 560.7995 (4) (b) of the statutes is renumbered 560.7995 (4) (b) 1. and amended to read:

AB75,1536,23 560.7995 (4) (b) 1. If Except as provided in subd. 2., if the department approves a business plan under par. (a) or (am), the department shall certify the person as eligible for tax benefits. The department shall notify the department of revenue within 30 days of certifying a person under this paragraph.

AB75, s. 3127 Section 3127. 560.7995 (4) (b) 2. of the statutes is created to read:

AB75,1537,2 560.7995 (4) (b) 2. No person may be certified under this paragraph on or after the effective date of this subdivision .... [LRB inserts date].

AB75, s. 3128 Section 3128. Subchapter VII of chapter 560 [precedes 560.80] of the statutes is repealed.

AB75, s. 3129 Section 3129. 560.96 (2) (a) of the statutes is amended to read:

AB75,1537,9 560.96 (2) (a) The Except as provided in par. (c), the department may designate up to 8 areas in the state as technology zones. A business that is located in a technology zone and that is certified by the department under sub. (3) is eligible for a tax credit as provided in sub. (3).

AB75, s. 3130 Section 3130. 560.96 (2) (c) of the statutes is created to read:

AB75,1537,12 560.96 (2) (c) No area may be designated as a technology zone under this subsection on or after the effective date of this paragraph .... [LRB inserts date].

AB75, s. 3131 Section 3131. 560.96 (3) (a) (intro.) of the statutes is amended to read:

AB75,1537,16 560.96 (3) (a) (intro.) The Except as provided in par. (e), the department may certify for tax credits in a technology zone a business that satisfies all of the following requirements:

AB75, s. 3132 Section 3132. 560.96 (3) (e) of the statutes is created to read: