AB75: Bill Text

AB75,1499,7 (am) The department board shall enter into a written agreement with the dentist, in which the dentist agrees to practice at least 32 clinic hours per week for 3 years in one or more dental health shortage areas in this state. The dentist shall also agree to care for patients who are insured or for whom dental health benefits are payable under medicare, medical assistance, or any other governmental program.

AB75,1499,10 (b) The agreement shall specify that the responsibility of the department board to make the payments under the agreement is subject to the availability of funds in the appropriations under s. 20.143 20.285 (1) (jc), (jm) and (kr) (ks).

AB75, s. 3039 Section 3039. 560.183 (4) of the statutes is renumbered 36.60 (4), and 36.60 (4) (intro.), as renumbered, is amended to read:

AB75,1499,15 36.60 (4) Loan repayment. (intro.) Principal and interest due on loans, exclusive of any penalties, may be repaid by the department board at the following rate:

AB75, s. 3040 Section 3040. 560.183 (5) of the statutes is renumbered 36.60 (5), and 36.60 (5) (a) and (b) (intro.) and 6., as renumbered, are amended to read:

AB75,1499,20 36.60 (5) (a) The obligation of the department board to make payments under an agreement entered into under sub. (3) (b) is subject to the availability of funds in the appropriations under s. 20.143 20.285 (1) (jc), (jm) and (kr) (ks).

AB75,1499,25 (b) (intro.) If the cost of repaying the loans of all eligible applicants, when added to the cost of loan repayments scheduled under existing agreements, exceeds the total amount in the appropriations under s. 20.143 20.285 (1) (jc), (jm) and (kr) (ks), the department board shall establish priorities among the eligible applicants based upon the following considerations:

AB75,1500,1 6. Other considerations that the department board may specify by rule.

AB75, s. 3041 Section 3041. 560.183 (6) of the statutes is renumbered 36.60 (6) and amended to read:

AB75,1500,7 36.60 (6) Local participation. The department board shall encourage contributions to the program under this section by counties, cities, villages, and towns. Funds received under this subsection shall be deposited in the appropriation under s. 20.143 (1) (jm) 20.285 (1) (jc).

AB75, s. 3042 Section 3042. 560.183 (6m) of the statutes is renumbered 36.60 (6m), and 36.60 (6m) (a) (intro.) and (b), as renumbered, are amended to read:

AB75,1500,12 36.60 (6m) (a) (intro.) The department board shall, by rule, establish penalties to be assessed by the department board against physicians and dentists who breach agreements entered into under sub. (3). The rules shall do all of the following:

AB75,1500,14 (b) Any penalties assessed and collected under this subsection shall be credited to the appropriation account under s. 20.143 20.285 (1) (jc).

AB75, s. 3043 Section 3043. 560.183 (8) (intro.), (b), (d), (e) and (f) of the statutes are renumbered 36.60 (8) (intro.), (b), (d), (e) and (f), and 36.60 (8) (intro.), (b) and (d), as renumbered, are amended to read:

AB75,1500,23 36.60 (8) Administrative contract Administration. (intro.) From the appropriation under s. 20.143 (1) (kr), the department shall contract with the board of regents of the University of Wisconsin System for administrative services from the office of rural health of the department of professional and community development of the University of Wisconsin Medical School. Under the contract, the office of rural health The board shall do all of the following:

AB75,1501,2 (b) Advise the department and rural health development council on the identification of Identify eligible practice areas with an extremely high need for medical care and dental health shortage areas with an extremely high need for dental care.

AB75,1501,4 (d) Assist the department to publicize Publicize the program under this section to physicians, dentists, and eligible communities.

AB75, s. 3044 Section 3044. 560.183 (8) (g) of the statutes is repealed.

AB75, s. 3045 Section 3045. 560.183 (9) of the statutes is renumbered 36.60 (9), and 36.60 (9) (intro.), as renumbered, is amended to read:

AB75,1501,14 36.60 (9) Expanded loan assistance program. (intro.) The department board may agree to repay loans as provided under this section on behalf of a physician or dentist under an expanded physician and dentist loan assistance program that is funded through federal funds in addition to state matching funds. To be eligible for loan repayment under the expanded physician and dentist loan assistance program, a physician or dentist must fulfill all of the requirements for loan repayment under this section, as well as all of the following:

AB75, s. 3046 Section 3046. 560.184 (title) of the statutes is renumbered 36.61 (title).

AB75, s. 3047 Section 3047. 560.184 (1) of the statutes is renumbered 36.61 (1), and 36.61 (1) (ac), (ag), (bp) and (d), as renumbered, are amended to read:

AB75,1501,18 36.61 (1) (ac) "Clinic hours" has the meaning given in s. 560.183 36.60 (1) (ac).

AB75,1501,20 (ag) "Dental health shortage area" has the meaning given in s. 560.183 36.60 (1) (ad).

AB75,1501,22 (bp) "Health professional shortage area" has the meaning given in s. 560.183 36.60 (1) (aj).

AB75,1501,24 (d) "Primary care shortage area" has the meaning given in s. 560.183 36.60 (1) (cm).

AB75, s. 3048 Section 3048. 560.184 (2) of the statutes is renumbered 36.61 (2) and amended to read:

AB75,1502,7 36.61 (2) Eligibility. The department board may repay, on behalf of a health care provider, up to $25,000 in educational loans obtained by the health care provider from a public or private lending institution for education related to the health care provider's field of practice, as determined by the department board with the advice of the council.

AB75, s. 3049 Section 3049. 560.184 (3) of the statutes is renumbered 36.61 (3) and amended to read:

AB75,1502,16 36.61 (3) Agreement. (a) The department board shall enter into a written agreement with the health care provider. In the agreement, the health care provider shall agree to practice at least 32 clinic hours per week for 3 years in one or more eligible practice areas in this state, except that a health care provider in the expanded loan assistance program under sub. (8) who is not a dental hygienist may only agree to practice at a public or private nonprofit entity in a health professional shortage area.

AB75,1502,19 (b) The agreement shall specify that the responsibility of the department board to make the payments under the agreement is subject to the availability of funds in the appropriations under s. 20.143 20.285 (1) (jc), (jL) and (kr) (ks).

AB75, s. 3050 Section 3050. 560.184 (4) of the statutes is renumbered 36.61 (4), and 36.61 (4) (intro.), as renumbered, is amended to read:

AB75,1502,24 36.61 (4) Loan repayment. (intro.) Principal and interest due on loans, exclusive of any penalties, may be repaid by the department board at the following rate:

AB75, s. 3051 Section 3051. 560.184 (5) of the statutes is renumbered 36.61 (5), and 36.61 (5) (a) and (b) (intro.) and 6., as renumbered, are amended to read:

AB75,1503,5 36.61 (5) (a) The obligation of the department board to make payments under an agreement entered into under sub. (3) is subject to the availability of funds in the appropriations under s. 20.143 20.285 (1) (jc), (jL) and (kr) (ks).

AB75,1503,10 (b) (intro.) If the cost of repaying the loans of all eligible applicants, when added to the cost of loan repayments scheduled under existing agreements, exceeds the total amount in the appropriations under s. 20.143 20.285 (1) (jc), (jL) and (kr) (ks), the department board shall establish priorities among the eligible applicants based upon the following considerations:

AB75,1503,11 6. Other considerations that the department board may specify by rule.

AB75, s. 3052 Section 3052. 560.184 (6) of the statutes is renumbered 36.61 (6) and amended to read:

AB75,1503,17 36.61 (6) Local participation. The department board shall encourage contributions to the program under this section by counties, cities, villages and towns. Funds received under this subsection shall be credited to the appropriation account under s. 20.143 (1) (jL) 20.285 (1) (jc).

AB75, s. 3053 Section 3053. 560.184 (6m) of the statutes is renumbered 36.61 (6m), and 36.61 (6m) (a) (intro.) and (b), as renumbered, are amended to read:

AB75,1503,22 36.61 (6m) (a) (intro.) The department board shall, by rule, establish penalties to be assessed by the department board against health care providers who breach an agreement entered into under sub. (3) (a). The rules shall do all of the following:

AB75,1503,24 (b) Any penalties assessed and collected under this subsection shall be credited to the appropriation account under s. 20.143 20.285 (1) (jc).

AB75, s. 3054 Section 3054. 560.184 (7) (intro.), (a), (b), (c) and (d) of the statutes are renumbered 36.61 (7) (intro.), (a), (b), (c) and (d), and 36.61 (7) (intro.), (a) and (b), as renumbered, are amended to read:

AB75,1504,9 36.61 (7) Administrative contract Administration. (intro.) From the appropriation under s. 20.143 (1) (kr), the department shall contract with the board of regents of the University of Wisconsin System for administrative services from the office of rural health of the department of professional and community development of the University of Wisconsin Medical School. Under the contract, the office of rural health The board shall do all of the following:

AB75,1504,12 (a) Advise the department and council on the identification of Identify communities with an extremely high need for health care, including dental health care.

AB75,1504,14 (b) Assist the department to publicize Publicize the program under this section to health care providers and eligible communities.

AB75, s. 3055 Section 3055. 560.184 (7) (e) of the statutes is repealed.

AB75, s. 3056 Section 3056. 560.184 (8) of the statutes is renumbered 36.61 (8), and 36.61 (8) (intro.), as renumbered, is amended to read:

AB75,1504,24 36.61 (8) Expanded loan assistance program. (intro.) The department board may agree to repay loans as provided under this section on behalf of a health care provider under an expanded health care provider loan assistance program that is funded through federal funds in addition to state matching funds. To be eligible for loan repayment under the expanded health care provider loan assistance program, a health care provider must fulfill all of the requirements for loan repayment under this section, as well as all of the following:

AB75, s. 3057 Section 3057. 560.185 (intro.), (1) and (1m) of the statutes are renumbered 36.62 (intro.), (1) and (2) and amended to read:

AB75,1505,5 36.62 Rural health development council. (intro.) The rural health development council created under s. 15.157 (8) 15.917 (1) shall do all of the following:

AB75,1505,8 (1) Advise the department board on matters related to the physician and dentist loan assistance program under s. 560.183 36.60 and the health care provider loan assistance program under s. 560.184 36.61.

AB75,1505,11 (2) Advise the department board on the amount, up to $25,000, to be repaid on behalf of each health care provider who participates in the health care provider loan assistance program under s. 560.184 36.61.

AB75, s. 3058 Section 3058. 560.185 (2) of the statutes is repealed.

AB75, s. 3059 Section 3059. 560.185 (3) of the statutes is repealed.

AB75, s. 3060 Section 3060. 560.185 (4) of the statutes is repealed.

AB75, s. 3061 Section 3061. 560.205 (1) (intro.) of the statutes is amended to read:

AB75,1505,24 560.205 (1) Angel investment tax credits. (intro.) The department shall implement a program to certify businesses for purposes of s. 71.07 (5d). A business desiring certification shall submit an application to the department in each taxable year for which the business desires certification. The business shall specify in its application the investment amount it wishes to raise and the department may certify the business and determine the amount that qualifies for purposes of s. 71.07 (5d). Unless otherwise provided under the rules of the department, a business may be certified under this subsection, and may maintain such certification, only if the business satisfies all of the following conditions:

AB75, s. 3062 Section 3062. 560.205 (1) (f) of the statutes is repealed and recreated to read:

AB75,1506,2 560.205 (1) (f) It has the potential for increasing jobs in this state, increasing capital investment in this state, or both, and any of the following apply:

AB75,1506,4 1. It is engaged in, or has committed to engage in, innovation in any of the following:

AB75,1506,6 a. Manufacturing, biotechnology, nanotechnology, communications, agriculture, or clean energy creation or storage technology.

AB75,1506,10 b. Processing or assembling products, including medical devices, pharmaceuticals, computer software, computer hardware, semiconductors, any other innovative technology products, or other products that are produced using manufacturing methods that are enabled by applying proprietary technology.

AB75,1506,11 c. Services that are enabled by applying proprietary technology.

AB75,1506,15 2. It is undertaking pre-commercialization activity related to proprietary technology that includes conducting research, developing a new product or business process, or developing a service that is principally reliant on applying proprietary technology.

AB75, s. 3063 Section 3063. 560.205 (1) (g) of the statutes is amended to read:

AB75,1506,22 560.205 (1) (g) 1. It is not primarily engaged in real estate development, insurance, banking, lending, lobbying, political consulting, professional services provided by attorneys, accountants, business consultants, physicians, or health care consultants, wholesale or retail trade, leisure, hospitality, transportation, or construction, except construction of power production plants that derive energy from a renewable resource, as defined in s. 196.378 (1) (h).

AB75, s. 3064 Section 3064. 560.205 (1) (k) of the statutes is amended to read:

AB75,1507,3 560.205 (1) (k) It For taxable years beginning before January 1, 2008, it has not received more than $1,000,000 in investments that have qualified for tax credits under s. 71.07 (5d).

AB75, s. 3065 Section 3065. 560.205 (1) (kn) of the statutes is created to read:

AB75,1507,8 560.205 (1) (kn) For taxable years beginning after December 31, 2007, and before January 1, 2011, it has not received more than $4,000,000 in investments that have qualified for tax credits under ss. 71.07 (5b) and (5d), 71.28 (5b), 71.47 (5b), and 76.638.

AB75, s. 3066 Section 3066. 560.205 (1) (L) of the statutes is created to read:

AB75,1507,12 560.205 (1) (L) For taxable years beginning after December 31, 2010, it has not received more than $8,000,000 in investments that have qualified for tax credits under ss. 71.07 (5b) and (5d), 71.28 (5b), 71.47 (5b), and 76.638.

AB75, s. 3067 Section 3067. 560.205 (2) of the statutes is amended to read:

AB75,1508,2 560.205 (2) Early stage seed investment tax credits. The department shall implement a program to certify investment fund managers for purposes of ss. 71.07 (5b), 71.28 (5b), and 71.47 (5b), and 76.638. An investment fund manager desiring certification shall submit an application to the department. The investment fund manager shall specify in the application the investment amount that the manager wishes to raise and the department may certify the manager and determine the amount that qualifies for purposes of ss. 71.07 (5b), 71.28 (5b), and 71.47 (5b). In determining whether to certify an investment fund manager, the department shall consider the investment fund manager's experience in managing venture capital funds, the past performance of investment funds managed by the applicant, the expected level of investment in the investment fund to be managed by the applicant, and any other relevant factors. The department may certify only investment fund managers that commit to consider placing investments in businesses certified under sub. (1).

AB75, s. 3068 Section 3068. 560.205 (3) (d) of the statutes is amended to read:

AB75,1509,2 560.205 (3) (d) Rules. The department of commerce, in consultation with the department of revenue, shall promulgate rules to administer this section. The rules shall further define "bona fide angel investment" for purposes of s. 71.07 (5d) (a) 1. The rules shall limit the aggregate amount of tax credits under s. 71.07 (5d) that may be claimed for investments in businesses certified under sub. (1) at $3,000,000 per calendar year for calendar years beginning after December 31, 2004, and before January 1, 2008, $5,500,000 per calendar year for calendar years beginning after December 31, 2007, and before January 1, 2011, and $18,000,000 per calendar year for calendar years beginning after December 31, 2010 plus, for taxable years beginning after December 31, 2010, an additional $250,000 in tax credits that may be claimed for investments in nanotechnology businesses certified under sub. (1). The rules shall also limit the aggregate amount of the tax credits under ss. 71.07 (5b), 71.28 (5b), and 71.47 (5b), and 76.638 that may be claimed for investments paid to fund managers certified under sub. (2) at $3,500,000 per calendar year for calendar years beginning after December 31, 2004, and before January 1, 2008, $6,000,000 per calendar year for calendar years beginning after December 31, 2007 , and before January 1, 2011, and $18,500,000 per calendar year for calendar years beginning after December 31, 2010 plus, for taxable years beginning after December 31, 2010, an additional $250,000 in tax credits that may be claimed for investments in nanotechnology businesses certified under sub. (1). The rules shall also provide that, for calendar years beginning after December 31, 2007, no person may receive a credit under ss. 71.07 (5b) and (5d), 71.28 (5b), or 71.47 (5b), or 76.638 unless the person's investment is kept in a certified business, or with a certified fund manager, for no less than 3 years.

AB75, s. 3069 Section 3069. 560.205 (3) (e) of the statutes is created to read:

AB75,1509,15 560.205 (3) (e) Transfer. A person who is eligible to claim a credit under s. 71.07 (5b), 71.28 (5b), 71.47 (5b), or 76.638 may sell or otherwise transfer the credit to another person who is subject to the taxes or fees imposed under s. 71.02, 71.23, or 71.47 or subch. III of ch. 76, if the person receives prior authorization from the investment fund manager and the manager then notifies the department of commerce and the department of revenue of the transfer and submits with the notification a copy of the transfer documents. No person may sell or otherwise transfer a credit as provided in this paragraph more than once in a 12-month period. The department may charge any person selling or otherwise transferring a credit under this paragraph a fee equal to 1 percent of the credit amount sold or transferred. The department shall deposit all fees collected under this paragraph in the appropriation account under s. 20.143 (1) (gm).

AB75, s. 3070 Section 3070. 560.2055 of the statutes is created to read:

AB75,1509,17 560.2055 Jobs tax credit. (1) Definitions. In this section:

AB75,1509,21 (a) 1. Except as provided in subd. 2., "business" means any organization or enterprise operated for profit, including a proprietorship, partnership, firm, business trust, joint venture, syndicate, corporation, limited liability company, or association.

AB75,1509,23 2. "Business" does not include a store or shop in which retail sales is the principal business.

AB75,1509,25 (b) "Eligible employee" means a person employed in a full-time job by a person certified under sub. (2).

AB75,1510,6 (c) "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.

AB75,1510,8 (d) "Tax benefits" means the jobs tax credit under ss. 71.07 (3q), 71.28 (3q), and 71.47 (3q).

AB75,1510,10 (2) Certification. The department may certify a person to receive tax benefits under this section if all of the following apply:

AB75,1510,11 (a) The person is operating or intends to operate a business in this state.

AB75,1510,13 (b) The person applies under this section and enters into a contract with the department.