AU7 SB1: Bill Text

SB1,24,22 183.0304 (1) The debts, obligations and liabilities of a limited liability company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the limited liability company. Except as provided in ss. 73.0300, 183.0502, and 183.0608, a member or manager of a limited liability company is not personally liable for any debt, obligation or liability of the limited liability company, except that a member or manager may become personally liable by his or her acts or conduct other than as a member or manager.

SB1,39 Section 39. 196.192 (1) of the statutes is renumbered 196.192 (1) (intro.) and amended to read:

SB1,24,25 196.192 (1) (intro.) In this section, “ electric:

SB1,25,2 (a) “Electric public utility" means a public utility whose purpose is the generation, distribution and sale of electric energy.

SB1,40 Section 40. 196.192 (1) (b) of the statutes is created to read:

SB1,25,5 196.192 (1) (b) “Electronics and information technology manufacturing zone” means a zone designated under s. 238.396 (1m).

SB1,41 Section 41. 196.192 (2) of the statutes is renumbered 196.192 (2) (am).

SB1,42 Section 42. 196.192 (2m) of the statutes is created to read:

SB1,25,15 196.192 (2m) (a) No later than January 1, 2020, an electric public utility providing service to an electronics and information technology manufacturing zone shall file with the commission tariffs that include market-based pricing and options that allow a new retail customer within the electronics and information technology manufacturing zone to receive market benefits and take market risks for some or all of the customer's purchases of capacity or energy, subject to the maximum capacity or energy purchase limits that shall be established by the commission, and shall include the following requirements in the tariffs:

SB1,25,18 1. The electric public utility shall verify that the customer is eligible for an electronics and information technology manufacturing zone credit under s. 71.07 (3wm).

SB1,25,20 2. The customer shall annually nominate the amount of capacity and energy subject to the market-based tariff.

SB1,25,22 3. The customer shall provide not less than 12 months' notice to terminate service under the market-based tariff.

SB1,25,23 4. The term of the market-based tariff may not be less than 10 years.

SB1,26,3 5. The customer shall pay the difference, if any, between the otherwise applicable retail rate and the market-based tariff rate if the customer does any of the following:

SB1,26,5 a. Supplies false or misleading information regarding its applicability for the market-based tariff.

SB1,26,8 b. Leaves the electronics and information technology manufacturing zone to conduct substantially the same business outside the electronics and information technology manufacturing zone.

SB1,26,12 c. Ceases operations in the electronics and information technology manufacturing zone and does not renew operation of the business or a similar business within the electronics and information technology manufacturing zone within 12 months.

SB1,26,14 (b) The commission shall approve market-based rates that are consistent with par. (a).

SB1,43 Section 43. 196.192 (3) (a) of the statutes is renumbered 196.192 (2) (bm) and amended to read:

SB1,26,21 196.192 (2) (bm) The commission shall approve market-based rates that are consistent with the options specified in sub. (2) par. (am), except that the commission may not approve a market-based rate unless the commission determines that the rate will not harm shareholders of the investor-owned electric public utility or customers who are not subject to the rate.

SB1,44 Section 44. 196.192 (3) (b) of the statutes is renumbered 196.192 (3m) and amended to read:

SB1,27,3 196.192 (3m) Nothing in s. 196.20, 196.22, 196.37, 196.60 or 196.604 prohibits the commission from approving a filing under sub. (2) (am) or (2m) (a) or approving market-based rates under par. (a) sub. (2) (bm) or (2m) (b).

SB1,45 Section 45. 196.192 (4) of the statutes is renumbered 196.192 (2) (c) and amended to read:

SB1,27,9 196.192 (2) (c) Subject to any approval of the commission that is necessary, an electric public utility that is not an investor-owned electric public utility may implement market-based rates approved under sub. (3) (a) par. (bm) or implement the options in filings under sub. (2) par. (am) that are approved by the commission.

SB1,46 Section 46. 196.49 (5g) (ar) 3. of the statutes is created to read:

SB1,27,12 196.49 (5g) (ar) 3. The project is within an electronics and information technology manufacturing zone designated under s. 238.396 (1m).

SB1,47 Section 47. 196.491 (1) (f) of the statutes is amended to read:

SB1,27,20 196.491 (1) (f) Except as provided in subs. (2) (b) 8. and (3) (d) 3m., “high-voltage transmission line" means a conductor of electric energy exceeding one mile in length designed for operation at a nominal voltage of 100 kilovolts or more, together with associated facilities, and does not include transmission line relocations that are within an electronics and information technology manufacturing zone designated under s. 238.396 (1m) or that the commission determines are necessary to facilitate highway or airport projects.

SB1,48 Section 48. 230.08 (2) (xt) of the statutes is created to read:

SB1,27,23 230.08 (2) (xt) The economic development liaison in the department of administration.

SB1,49 Section 49. 238.396 of the statutes is created to read:

SB1,28,3 238.396 Electronics and information technology manufacturing zone. (1) Definition. In this section, “tax benefits” means the income and franchise tax credits under ss. 71.07 (3wm) and 71.28 (3wm).

SB1,28,5 (1m) Designation of zones; criteria. (a) The corporation may designate not more than one electronics and information technology manufacturing zone.

SB1,28,7 (b) In determining whether to designate an area under par. (a), the corporation shall consider all of the following:

SB1,28,11 1. Indicators of the area's economic need, which may include data regarding household income, average wages, the condition of property, housing values, population decline, job losses, infrastructure and energy support, the rate of business development, and the existing resources available to the area.

SB1,28,14 2. The effect of designation on other initiatives and programs to promote economic and community development in the area, including job retention, job creation, job training, and creating high-paying jobs.

SB1,28,17 (c) The corporation shall specify whether an electronics and information technology manufacturing zone designated under par. (a) is located in a tier I county or municipality or a tier II county or municipality.

SB1,28,19 (d) The corporation shall, to the extent possible, give preference to the greatest economic need.

SB1,28,21 (2) Time limit. A designation under sub. (1m) shall remain in effect for no more than 15 years.

SB1,28,23 (3) Certification. The corporation may certify for tax benefits a business that begins operations in an electronics and information technology manufacturing zone.

SB1,29,6 (3m) Additional tax benefits for significant capital expenditures. If the corporation determines that a business certified under sub. (3) makes a significant capital expenditure in the electronics and information technology manufacturing zone, the corporation may certify the business to receive additional tax benefits in an amount to be determined by the corporation, but not exceeding 15 percent of the business's capital expenditures. The corporation shall, in a manner determined by the corporation, allocate the tax benefits a business is certified to receive under this subsection over a period of 7 years.

SB1,29,9 (3s) Limitations on tax benefits. (a) The corporation may not issue certifications to claim tax benefits under ss. 71.07 (3wm) (b) and 71.28 (3wm) (b) that total more than $1,500,000,000.

SB1,29,11 (b) The corporation may not issue certifications to claim tax benefits under ss. 71.07 (3wm) (bm) and 71.28 (3wm) (bm) that total more than $1,350,000,000.

SB1,29,13 (4) Other duties. (a) The corporation shall revoke a certification under sub. (3) if the business does any of the following:

SB1,29,14 1. Supplies false or misleading information to obtain tax benefits.

SB1,29,16 2. Leaves the electronics and information technology manufacturing zone to conduct substantially the same business outside the zone.

SB1,29,19 3. Ceases operations in the electronics and information technology manufacturing zone and does not renew operation of the business or a similar business in the zone within 12 months.

SB1,29,23 (b) The corporation may require a business to repay any tax benefits the business claims for a year in which the business failed to maintain employment levels or a significant capital investment in property required by an agreement between the business and the corporation.

SB1,30,3 (c) The corporation shall determine the maximum amount of the tax benefits that a certified business may claim and shall notify the department of revenue of this amount.

SB1,30,5 (d) The corporation shall annually verify the information submitted to the corporation under ss. 71.07 (3wm) and 71.28 (3wm).

SB1,30,9 (e) The corporation shall adopt policies and procedures defining a tier I county or municipality and a tier II county or municipality. The corporation may consider all of the following information when establishing the definitions required under this paragraph:

SB1,30,10 1. Unemployment rate.

SB1,30,12 2. Percentage of families with incomes below the poverty line established under 42 USC 9902 (2).

SB1,30,13 3. Median family income.

SB1,30,14 4. Median per capita income.

SB1,30,16 5. Other significant or irregular indicators of economic distress, such as a natural disaster or mass layoff.

SB1,30,18 (f) The corporation shall adopt policies and procedures defining “significant capital expenditure” for purposes of sub. (3m).

SB1,30,22 (5) No environmental impact statement required. The issuance of any permit or approval for a new manufacturing facility within an electronics and information technology manufacturing zone designated under this section is not a major action for the purposes of s. 1.11 (2) (c).

SB1,50 Section 50. 238.399 (3) (a) of the statutes is amended to read:

SB1,30,25 238.399 (3) (a) The corporation may designate not more than 30 35 enterprise zones.

SB1,51 Section 51. 238.399 (3) (e) of the statutes is created to read:

SB1,31,6 238.399 (3) (e) If the corporation revokes all certifications for tax benefits within a designated enterprise zone, the corporation may cancel the designation of that enterprise zone. After canceling the designation of an enterprise zone, the corporation may designate a new enterprise zone subject to the limits of this subsection.

SB1,52 Section 52. 238.399 (4) of the statutes is renumbered 238.399 (4) (a).

SB1,53 Section 53. 238.399 (4) (b) of the statutes is created to read:

SB1,31,10 238.399 (4) (b) If an enterprise zone designation expires under par. (a), the corporation may designate a new enterprise zone subject to the limits of sub. (3).

SB1,54 Section 54. 238.399 (5) (f) of the statutes is created to read:

SB1,31,16 238.399 (5) (f) No more than one financial services technology business that, after completing a competitive corporate relocation process, retains its corporate headquarters in this state and retains at least 93 percent of its full-time employees in this state who were identified as being full-time employees of the business in the base year, as determined by the corporation.

SB1,55 Section 55. 238.399 (5m) of the statutes is amended to read:

SB1,31,25 238.399 (5m) Additional tax benefits for significant capital expenditures. If the corporation determines that a business certified under sub. (5) makes a significant capital expenditure in the enterprise zone, the corporation may certify the business to receive additional tax benefits in an amount to be determined by the corporation, but not exceeding 10 percent of the business' capital expenditures. The corporation shall, in a manner determined by the corporation, allocate the tax benefits a business is certified to receive under this subsection over the remainder of the time limit of the enterprise zone under sub. (4) (a).

SB1,56 Section 56. 281.346 (4) (c) 2m. of the statutes is amended to read:

SB1,32,6 281.346 (4) (c) 2m. The proposal is consistent with an approved water supply service area plan under s. 281.348 that covers the public water supply system unless the proposal is to provide water to a straddling community that includes an electronics and information technology manufacturing zone designated under s. 238.396 (1m).

SB1,57 Section 57. 281.36 (3b) (b) of the statutes is amended to read:

SB1,32,15 281.36 (3b) (b) No person may discharge dredged material or fill material into a wetland unless the discharge is authorized by a wetland general permit or individual permit issued by the department under this section or the discharge is exempt under sub. (4) or (4m) (a). No person may violate any condition contained in a wetland general or individual permit issued by the department under this section. The department may not issue a wetland general or individual permit under this section unless it determines that the discharge authorized pursuant to the wetland general or individual permit will comply with all applicable water quality standards.

SB1,58 Section 58. 281.36 (3m) (a) of the statutes is amended to read:

SB1,33,2 281.36 (3m) (a) When permit required. Any person wishing to proceed with a discharge into any wetland shall submit an application for a wetland individual permit under this subsection unless the discharge has been authorized under a wetland general permit as provided in sub. (3g) or is exempt under sub. (4) or (4m) (a). Before submitting the application, the department shall hold a meeting with the applicant to discuss the details of the proposed discharge and the requirements for submitting the application and for delineating the wetland. An applicant may include in the application a request for a public informational hearing. The application shall be accompanied by the applicable fee specified in sub. (11) or (12) (a).

SB1,59 Section 59. 281.36 (4m) of the statutes is created to read:

SB1,33,11 281.36 (4m) Exemption and waiver; electronics and information technology manufacturing zone. (a) The permitting requirement under sub. (3b) does not apply to any discharge into a wetland located in an electronics and information technology manufacturing zone designated under s. 238.396 (1m) if the discharge is related to the construction, access, or operation of a new manufacturing facility in the zone and all adverse impacts to functional values of wetlands are compensated at a ratio of 2 acres per each acre impacted through any of the following methods, consistent with the rules promulgated under this section:

SB1,33,12 1. Purchasing credits from a mitigation bank located in this state.

SB1,33,13 2. Participating in the in lieu fee subprogram under sub. (3r).

SB1,33,14 3. Completing mitigation within this state.

SB1,33,15 4. Participating in the escrow subprogram under sub. (3s).

SB1,33,17 (b) The department shall waive water quality certification under 33 USC 1341 (a) 1. for a discharge under par. (a).

SB1,60 Section 60 . Nonstatutory provision.

SB1,33,22 (1) The department of transportation may not expend the proceeds of general obligation bonds issued under section 20.866 (2) (uuz) of the statutes unless the state receives an award of federal moneys for the I 94 north-south corridor project under section 84.0145 (3) (b) 1. of the statutes.

SB1,61 Section 61. Fiscal changes.

SB1,34,4 (1) Economic development liaison. In the schedule under section 20.005 (3) of the statutes for the appropriation to the department of administration under section 20.505 (1) (a) of the statutes, the dollar amount for fiscal year 2017-18 is increased by $183,500 and the dollar amount for fiscal year 2018-19 is increased by $177,500 to increase the authorized FTE positions for the department by 1.0 GPR unclassified economic development liaison position.

SB1,62 Section 62. Initial applicability.

SB1,34,9 (1) Sales and use tax exemption. The treatment of section 77.54 (65) of the statutes first applies to purchases made after the Wisconsin Economic Development Corporation enters into a contract with a business to locate in an electronics and information technology manufacturing zone.

SB1,63 Section 63. Effective dates. This act takes effect on the day after publication, except as follows: