560.93(2)(b)
(b) Help one or more organizations located in this state in developing a specific application for the funds and any subsequent proposal or documentation.
560.93(2)(c)
(c) Present to persons providing funding, or coordinate the presentation of, an application for funds; and show to persons providing funding the facility or site where the technology development or transfer program is proposed to be conducted.
560.93 History
History: 1989 a. 31.
560.935
560.935
Manufacturing modernization. 560.935(1)
(1) The department shall develop one or more programs to assist manufacturing businesses that are located in this state in adopting readily available and reasonably standardized new manufacturing processes and techniques. The programs shall minimize the duplication of assistance provided by suppliers of the manufacturing processes and techniques, consultants, public and private educators and other persons who provide assistance to businesses. The department shall give preference to assisting businesses under this section with fewer than 500 employees.
560.935(2)
(2) The department and its contractors may charge a reasonable fee for services provided to businesses that participate in programs established under this section.
560.935 History
History: 1989 a. 31.
560.96
560.96
Technology zones. 560.96(1)(1) In this section, "tax credit" means a credit under
s. 71.07 (2di),
(2dm),
(2dx), or
(3g),
71.28 (1di),
(1dm),
(1dx), or
(3g), or
71.47 (1di),
(1dm),
(1dx), or
(3g).
560.96(2)(a)(a) The department may designate up to 8 areas in the state as technology zones. A business that is located in a technology zone and that is certified by the department under
sub. (3) is eligible for a tax credit as provided in
sub. (3).
560.96(2)(b)
(b) The designation of an area as a technology zone shall be in effect for 10 years from the time that the department first designates the area. However, not more than $5,000,000 in tax credits may be claimed in a technology zone. The department may change the boundaries of a technology zone during the time that its designation is in effect. A change in the boundaries of a technology zone does not affect the duration of the designation of the area or the maximum tax credit amount that may be claimed in the technology zone.
560.96(3)(a)(a) The department may certify for tax credits in a technology zone a business that satisfies all of the following requirements:
560.96(3)(b)
(b) In determining whether to certify a business under this subsection, the department shall consider all of the following:
560.96(3)(b)2.
2. The extent and nature of the high technology used by the business.
560.96(3)(b)3.
3. The likelihood that the business will attract related enterprises.
560.96(3)(b)4.
4. The amount of capital investment that the business is likely to make in the state.
560.96(3)(c)
(c) When the department certifies a business under this subsection, the department shall establish a limit on the amount of tax credits that the business may claim. Unless its certification is revoked, and subject to the limit on the tax credit amount established by the department under this paragraph, a business that is certified may claim a tax credit for 3 years, except that a business that experiences growth, as determined for that business by the department under
par. (d) and
sub. (5) (e), may claim a tax credit for up to 5 years.
560.96(3)(d)
(d) The department shall enter into an agreement with a business that is certified under this subsection. The agreement shall specify the limit on the amount of tax credits that the business may claim, the extent and type of growth, which shall be specific to the business, that the business must experience to extend its eligibility for a tax credit, the business' baseline against which that growth will be measured, any other conditions that the business must satisfy to extend its eligibility for a tax credit, and reporting requirements with which the business must comply.
560.96(4)(a)(a) The department of commerce shall notify the department of revenue of all the following:
560.96(4)(a)2.
2. A business's certification and the limit on the amount of tax credits that the business may claim.
560.96(4)(a)3.
3. The extension or revocation of a business's certification.
560.96(4)(b)
(b) The department shall annually verify information submitted to the department under
ss. 71.07 (2di),
(2dm),
(2dx), and
(3g),
71.28 (1di),
(1dm),
(1dx), and
(3g), and
71.47 (1di),
(1dm),
(1dx), and
(3g).
560.96(5)
(5) The department shall promulgate rules for the operation of this section, including rules related to all the following:
560.96(5)(a)
(a) Criteria for designating an area as a technology zone.
560.96(5)(b)
(b) A business's eligibility for certification, including definitions for all of the following:
560.96(5)(d)
(d) Standards for establishing the limit on the amount of tax credits that a business may claim.
560.96(5)(e)
(e) Standards for extending a business's certification, including what measures, in addition to job creation, the department will use to determine the growth of a specific business and how the department will establish baselines against which to measure growth.
560.96(5)(f)
(f) Reporting requirements for certified businesses.
560.96(5)(g)
(g) The exchange of information between the department of commerce and the department of revenue.
560.96(5)(h)
(h) Reasons for revoking a business's certification.
560.96(5)(i)
(i) Standards for changing the boundaries of a technology zone.
560.96 History
History: 2001 a. 16,
104.
