560.785(1)(bm)
(bm) Allow a person to claim up to $8,000 in tax benefits during the time that an area is designated as an enterprise development zone for retaining a full-time job if the department determines that the person made a significant capital investment to retain the full-time job.
560.785(1)(c)
(c) Allow a person to claim up to $6,000 in tax benefits during the time that an area is designated as a development zone, as a development opportunity zone or as an enterprise development zone for any of the following:
560.785(1)(c)1.
1. Creating a full-time job that is filled by an individual who is a Wisconsin resident and who is not a member of the target population.
560.785(1)(c)2.
2. Retaining a full-time job that is filled by an individual who is a Wisconsin resident and who is not a member of the target population.
560.785(1)(e)
(e) Require at least one-third of the tax benefits claimed by a person that are based on creating full-time jobs to be based on creating full-time jobs that are filled by members of the target population.
560.785(1)(f)
(f) Specify how long a full-time job that is created or retained by a person must be maintained in order for the person to claim tax benefits for the full-time job.
560.785(1)(g)
(g) Generally provide incentives for the retention of employees filling full-time jobs upon which tax benefits are based.
560.785(2)
(2) The department may by rule specify circumstances under which the department may grant exceptions to any of the following:
560.785(2)(c)
(c) The requirement under
ss. 560.70 (2m) and
560.797 (1) (am) that an individual's position must be regular, nonseasonal and full-time and that the individual must be required to work at least 2,080 hours per year, including paid leave and holidays.
560.785 History
History: 1997 a. 27,
41;
1999 a. 9.
560.795
560.795
Development opportunity zones. 560.795(1)
(1)
Designation of development opportunity zones. The following areas are designated as development opportunity zones:
560.795(1)(a)
(a) An area in the city of Beloit, the legal description of which is provided to the department by the local governing body of the city of Beloit.
560.795(1)(b)
(b) An area in the city of West Allis, the legal description of which is provided to the department by the local governing body of the city of West Allis.
560.795(1)(c)
(c) An area in the city of Eau Claire, the legal description of which is provided to the department by the local governing body of the city of Eau Claire.
560.795(1)(d)
(d) An area in the city of Kenosha, the legal description of which is provided to the department by the local governing body of the city of Kenosha.
560.795(1)(e)
(e) An area in the city of Milwaukee, the legal description of which is provided to the department by the local governing body of the city of Milwaukee.
560.795(1)(f)
(f) For the Gateway Project, an area in the city of Beloit, the legal description of which is provided to the department by the local governing body of the city of Beloit.
560.795(2)(a)(a) Except as provided in
par. (d), the designation of each area under
sub. (1) (a),
(b), and
(c) as a development opportunity zone shall be effective for 36 months, with the designation of the areas under
sub. (1) (a) and
(b) beginning on April 23, 1994, and the designation of the area under
sub. (1) (c) beginning on April 28, 1995. Except as provided in
par. (d), the designation of each area under
sub. (1) (d),
(e), and
(f) as a development opportunity zone shall be effective for 84 months, with the designation of the area under
sub. (1) (d) beginning on January 1, 2000, and the designations of the areas under
sub. (1) (e) and
(f) beginning on September 1, 2001.
560.795(2)(b)1.1. The limit for tax benefits for the development opportunity zone under
sub. (1) (a) is $7,000,000.
560.795(2)(b)2.
2. The limit for tax benefits for the development opportunity zone under
sub. (1) (b) is $3,000,000.
560.795(2)(b)3.
3. The limit for tax benefits for the development opportunity zone under
sub. (1) (c) is $3,000,000.
560.795(2)(b)4.
4. The limit for tax benefits for the development opportunity zone under
sub. (1) (d) is $7,000,000.
560.795(2)(b)5.
5. The limit for tax benefits for the development opportunity zone under
sub. (1) (e) is $4,700,000.
560.795(2)(b)6.
6. The limit for tax benefits for the development opportunity zone under
sub. (1) (f) is $4,700,000.
560.795(2)(c)
(c) Annually, the department shall estimate the amount of forgone state revenue because of tax benefits claimed by corporations or persons in each development opportunity zone.
560.795(2)(d)1.1. Notwithstanding
par. (a), the designation of an area as a development opportunity zone shall expire 90 days after the day on which the department determines that the forgone tax revenues under
par. (c) will equal or exceed the limit for the development opportunity zone.
560.795(2)(d)2.
2. The department shall immediately notify the local governing body of the city in which the development opportunity zone is located of a change in the expiration date of the development opportunity zone under this paragraph.
560.795(3)
(3) Application and entitlement to tax benefits. 560.795(3)(a)1.1. Any corporation that is conducting or that intends to conduct economic activity in a development opportunity zone under
sub. (1) (a) or
(b) and that, in conjunction with the local governing body of the city in which the development opportunity zone is located, submits a project plan as described in
par. (b) to the department no later than 6 months after April 23, 1994, shall be entitled to claim tax benefits while the area is designated as a development opportunity zone.
560.795(3)(a)2.
2. Any corporation that is conducting or that intends to conduct economic activity in a development opportunity zone under
sub. (1) (c) and that, in conjunction with the local governing body of the city in which the development opportunity zone is located, submits a project plan as described in
par. (b) to the department no later than 6 months after April 28, 1995, shall be entitled to claim tax benefits while the area is designated as a development opportunity zone.
560.795(3)(a)3.
3. Any corporation that is conducting or that intends to conduct economic activity in a development opportunity zone under
sub. (1) (d) and that, in conjunction with the local governing body of the city in which the development opportunity zone is located, submits a project plan as described in
par. (b) to the department no later than July 1, 2000, shall be entitled to claim tax benefits while the area is designated as a development opportunity zone.
560.795(3)(a)4.
4. Any person that is conducting or that intends to conduct economic activity in a development opportunity zone under
sub. (1) (e) and that, in conjunction with the local governing body of the city in which the development opportunity zone is located, submits a project plan as described in
par. (b) to the department shall be entitled to claim tax benefits while the area is designated as a development opportunity zone.
560.795(3)(a)5.
5. Any corporation that is conducting or that intends to conduct economic activity in a development opportunity zone under
sub. (1) (f) and that, in conjunction with the local governing body of the city in which the development opportunity zone is located, submits a project plan as described in
par. (b) to the department shall be entitled to claim tax benefits while the area is designated as a development opportunity zone.
560.795(3)(b)
(b) A project plan under
par. (a) shall include all of the following:
560.795(3)(b)1.
1. The name and address of the corporation's or person's business for which tax benefits will be claimed.
560.795(3)(b)2.
2. The appropriate federal tax identification number of the corporation or person.
560.795(3)(b)3.
3. The names and addresses of other locations outside of the development opportunity zone where the corporation or person conducts business and a description of the business activities conducted at those locations.
560.795(3)(b)4.
4. The amount that the corporation or person proposes to invest in a business, or spend on the construction, rehabilitation, repair, or remodeling of a building, located within the development opportunity zone.
560.795(3)(b)5.
5. The estimated total investment of the corporation or person in the development opportunity zone.
560.795(3)(b)6.
6. The number of full-time jobs that will be created, retained, or substantially upgraded as a result of the corporation's or person's economic activity in relation to the amount of tax benefits estimated for the corporation or person.
560.795(3)(b)7.
7. The corporation's or person's plans to make reasonable attempts to hire employees from the targeted population.
560.795(3)(b)8.
8. A description of the commitment of the local governing body of the city in which the development opportunity zone is located to the corporation's or person's project.
560.795(3)(b)9.
9. Other information required by the department or the department of revenue.
560.795(3)(c)
(c) The department shall notify the department of revenue of all corporations or persons entitled to claim tax benefits under this subsection.
560.795(4)(a)(a) The department shall revoke the entitlement of a corporation or person to claim tax benefits under
sub. (3) if the corporation or person does any of the following:
560.795(4)(a)1.
1. Supplies false or misleading information to obtain the tax benefits.
560.795(4)(a)2.
2. Leaves the development opportunity zone to conduct substantially the same business outside of the development opportunity zone.
560.795(4)(a)3.
3. Ceases operations in the development opportunity zone and does not renew operation of the trade or business or a similar trade or business in the development opportunity zone within 12 months.
560.795(4)(b)
(b) The department shall notify the department of revenue within 30 days after revoking an entitlement under
par. (a).
560.795(5)
(5) Certification based on the activity of another. 560.795(5)(a)(a) The department may certify for tax benefits a person that is conducting economic activity in the development opportunity zone under
sub. (1) (e) or
(f) and that is not otherwise entitled to claim tax benefits if all of the following apply:
560.795(5)(a)1.
1. The person's economic activity is instrumental in enabling another person to conduct economic activity in the development opportunity zone under
sub. (1) (e) or
(f).
560.795(5)(a)2.
2. The department determines that the economic activity of the other person under
subd. 1. would not have occurred but for the involvement of the person to be certified for tax benefits under this subsection.
560.795(5)(a)3.
3. The person to be certified for tax benefits under this subsection will pass the benefits through to the other person conducting the economic activity under
subd. 1., as determined by the department.
560.795(5)(a)4.
4. The other person conducting the economic activity under
subd. 1. does not claim tax benefits under
sub. (3).
560.795(5)(b)
(b) A person intending to claim tax benefits under this subsection shall submit to the department an application, in the form required by the department, containing information required by the department and by the department of revenue.
560.795(5)(c)
(c) The department shall notify the department of revenue of all persons certified to claim tax benefits under this subsection.
560.795(5)(e)
(e) The department shall revoke the entitlement of a person to claim tax benefits under this subsection if the person does any of the following:
560.795(5)(e)1.
1. Supplies false or misleading information to obtain the tax benefits.
560.795(5)(e)3.
3. Does not pass the benefits through to the other person conducting the economic activity under
par. (a) 1., as determined by the department.
560.795(5)(f)
(f) The department shall notify the department of revenue within 30 days after revoking an entitlement under
par. (e).
560.797
560.797
Enterprise development zone program. 560.797(1)(b)
(b) "Project" means economic activity in the state.
560.797(2)
(2) Criteria for designation as an enterprise development zone. 560.797(2)(a)(a) Subject to
pars. (c) and
(d), the department may designate an area as an enterprise development zone for a project if the department determines all of the following:
560.797(2)(a)2.
2. That the project will likely retain or increase employment in the state.
560.797(2)(a)3.
3. That the project is not likely to occur or continue without the department's designation of the area as an enterprise development zone.
560.797(2)(a)4.
4. That the project will likely positively affect an area that meets at least 3 of the following criteria:
