LRB-4206/1
TKK:kjf:md
2009 - 2010 LEGISLATURE
February 23, 2010 - Introduced by Representatives Garthwaite, Dexter, Berceau,
Clark, Hilgenberg, Hixson, Pasch, Soletski, Molepske Jr., Turner and
Zigmunt, cosponsored by Senators Kreitlow, Coggs, Robson, Schultz and
Taylor. Referred to Committee on Jobs, the Economy and Small Business.
AB768,1,2
1An Act to amend 560.799 (3) (a) of the statutes;
relating to: authorizing the
2Department of Commerce to designate two additional enterprise zones.
Analysis by the Legislative Reference Bureau
Under current law, the Department of Commerce (Commerce) may designate
an area as an enterprise zone. Commerce must consider a number of factors related
to the area prior to designating the area as an enterprise zone, including indicators
of the area's economic need and whether designation as an enterprise zone would
promote the retention of jobs in the area. A taxpayer who creates or retains jobs in
an enterprise zone may claim certain credits against state income and franchise
taxes. Commerce may designate no more than ten enterprise zones.
This bill permits Commerce to designate a total of 12 enterprise zones.
For further information see the state and local fiscal estimate, which will be
printed as an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
AB768,2,2
1560.799
(3) (a) The department may designate not more than
10 12 enterprise
2zones.
