LRB-1669/1
CTS:jld:ph
2011 - 2012 LEGISLATURE
March 21, 2011 - Introduced by Representatives T. Larson, Steineke, Williams,
Spanbauer, Nygren, Pridemore, Bies, Petryk, LeMahieu, Brooks, A. Ott and
Rivard, cosponsored by Senators Hopper, Galloway, Lasee and
Moulton.
Referred to Committee on Jobs, Economy and Small Business.
AB53,1,2
1An Act to amend 560.799 (3) (a) of the statutes;
relating to: authorizing the
2creation of 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. Currently, Commerce may designate no more than 12 enterprise zones. This
bill permits Commerce to designate a total of 15 enterprise zones.
For further information see the state 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:
AB53, s. 1
3Section
1. 560.799 (3) (a) of the statutes is amended to read:
AB53,1,54
560.799
(3) (a) The department may designate not more than
12 15 enterprise
5zones.
