560.19(2)
(2) From the appropriation under
s. 20.143 (1) (em), the department may contract with the board of regents of the University of Wisconsin System for educational services from the University of Wisconsin-Extension solid and hazardous waste education center. If the department enters into a contract under this subsection, the contract shall provide that the solid and hazardous waste center shall do all of the following:
560.19(2)(a)
(a) Expand its educational program to include business assessment activities that are specified in the contract and that have the following purposes:
560.19(2)(a)1.
1. Determining the full costs of using and producing hazardous substances, toxic pollutants and solid or hazardous waste.
560.19(2)(a)2.
2. Identifying processes that use or produce hazardous substances, toxic pollutants or solid or hazardous waste and the composition of the hazardous substances, toxic pollutants or solid or hazardous waste.
560.19(2)(b)
(b) Consider all of the following in conducting the business assessment activities under the contract:
560.19(2)(b)1.
1. The need for a pollution prevention assessment and a program participant's willingness to participate in an assessment.
560.19(2)(b)2.
2. The technical and financial ability of a program participant to implement pollution prevention.
560.19(2)(b)3.
3. The potential for others to use the information gained from a pollution prevention assessment.
560.19(3)
(3) In coordination with the solid and hazardous waste education center under
s. 36.25 (30) and the department of natural resources, the department shall conduct an education, environmental management and technical assistance program to promote pollution prevention among businesses in the state.
560.204
560.204
Hardware and software used to maintain medical records. 560.204(2)
(2) If the department certifies a health care provider under
sub. (1), the department shall determine the amount of credits to allocate to the health care provider. The total amount of electronic medical records credits allocated to health care providers in any year may not exceed $10,000,000.
560.204(3)
(3) The department shall inform the department of revenue of every health care provider certified under
sub. (1) and the amount of credits allocated to the health care provider.
560.204(4)
(4) The department, in consultation with the department of revenue, shall promulgate rules to administer this section.
560.204 History
History: 2007 a. 20.
560.205
560.205
Early stage business investment program. 560.205(1)(1)
Angel investment tax credits. The department shall implement a program to certify businesses for purposes of
s. 71.07 (5d). A business desiring certification shall submit an application to the department in each taxable year for which the business desires certification. Unless otherwise provided under the rules of the department, a business may be certified under this subsection, and may maintain such certification, only if the business satisfies all of the following conditions:
560.205(1)(b)
(b) At least 51 percent of the employees employed by the business are employed in this state.
560.205(1)(f)
(f) It is engaged in, or has committed to engage in, manufacturing, agriculture, or processing or assembling products and conducting research and development or developing a new product or business process.
560.205(1)(g)
(g) It is not engaged in real estate development, insurance, banking, lending, lobbying, political consulting, professional services provided by attorneys, accountants, business consultants, physicians, or health care consultants, wholesale or retail trade, leisure, hospitality, transportation, or construction, except construction of power production plants that derive energy from a renewable resource, as defined in
s. 196.378 (1) (h).
560.205(1)(j)
(j) It has been in operation in this state for not more than 10 consecutive years.
560.205(1)(k)
(k) It has not received more than $1,000,000 in investments that have qualified for tax credits under
s. 71.07 (5d).
560.205(1)(km)
(km) It has not received aggregate private equity investment in cash of more than $10,000,000 prior to being certified under this subsection.
560.205(2)
(2) Early stage seed investment tax credits. The department shall implement a program to certify investment fund managers for purposes of
ss. 71.07 (5b),
71.28 (5b), and
71.47 (5b). An investment fund manager desiring certification shall submit an application to the department. In determining whether to certify an investment fund manager, the department shall consider the investment fund manager's experience in managing venture capital funds, the past performance of investment funds managed by the applicant, the expected level of investment in the investment fund to be managed by the applicant, and any other relevant factors. The department may certify only investment fund managers that commit to consider placing investments in businesses certified under
sub. (1).
560.205(3)(a)(a)
List of certified businesses and investment fund managers. The department shall maintain a list of businesses certified under
sub. (1) and investment fund managers certified under
sub. (2) and shall permit public access to the lists through the department's Internet website.
560.205(3)(b)
(b)
Notification of department of revenue. The department of commerce shall notify the department of revenue of every certification issued under
sub. (1) and
(2) and the date on which any such certification is revoked or expires.
560.205(3)(d)
(d)
Rules. The department of commerce, in consultation with the department of revenue, shall promulgate rules to administer this section. The rules shall further define "bona fide angel investment" for purposes of
s. 71.07 (5d) (a) 1. The rules shall limit the aggregate amount of tax credits under
s. 71.07 (5d) that may be claimed for investments in businesses certified under
sub. (1) at $3,000,000 per calendar year for calendar years beginning after December 31, 2004, and $5,500,000 per calendar year for calendar years beginning after December 31, 2007. The rules shall also limit the aggregate amount of the tax credits under
ss. 71.07 (5b),
71.28 (5b), and
71.47 (5b) that may be claimed for investments paid to fund managers certified under
sub. (2) at $3,500,000 per calendar year for calendar years beginning after December 31, 2004, and $6,000,000 per calendar year for calendar years beginning after December 31, 2007. The rules shall also provide that, for calendar years beginning after December 31, 2007, no person may receive a credit under
ss. 71.07 (5b) and
(5d),
71.28 (5b), or
71.47 (5b) unless the person's investment is kept in a certified business, or with a certified fund manager, for no less than 3 years.
560.205 Cross-reference
Cross Reference: See also ch.
Comm 129, Wis. adm. code.
560.206
560.206
Film production tax credits. 560.206(1)
(1) The department shall implement a program to accredit productions for purposes of
ss. 71.07 (5f) and
(5h),
71.28 (5f) and
(5h), and
71.47 (5f) and
(5h). Application for accreditation shall be made to the department in each taxable year for which accreditation is desired.
560.206(2)
(2) If the department accredits a production under
sub. (1), the department shall determine the amount of the production's production expenditures, as defined in
s. 71.07 (5f) (a) 3.
560.206(3)
(3) The department shall notify the department of revenue of every production accredited under
sub. (1) and the amount of the production's production expenditures.
560.206(4)
(4) The department of commerce, in consultation with the department of revenue, shall promulgate rules to administer this section.
560.206 History
History: 2005 a. 483.
560.207
560.207
Dairy manufacturing facility investment credit. 560.207(1)(1) The department of commerce shall implement a program to certify taxpayers as eligible for the dairy manufacturing facility investment credit under
ss. 71.07 (3p),
71.28 (3p), and
71.47 (3p).
560.207(2)
(2) If the department of commerce certifies a taxpayer under
sub. (1), the department of commerce shall determine the amount of credits to allocate to that taxpayer. The total amount of dairy manufacturing facility investment credits allocated to taxpayers in fiscal year 2007-08 may not exceed $600,000 and the total amount of dairy manufacturing facility investment credits allocated to taxpayers in fiscal year 2008-09, and in each fiscal year thereafter, may not exceed $700,000.
560.207(3)
(3) The department of commerce shall inform the department of revenue of every taxpayer certified under
sub. (1) and the amount of credits allocated to the taxpayer.
560.207(4)
(4) The department of commerce, in consultation with the department of revenue, shall promulgate rules to administer this section.
560.207 History
History: 2007 a. 20.
560.21
560.21
General fund deposit. 560.21(1)(b)
(b) "Equity investment" means the purchase of common or preferred capital stock or the purchase of an option or other right to acquire common or preferred capital stock.
560.21(2)
(2) The department shall deposit in the general fund all interest and principal received in repayment of loans under s.
560.20 (3), 1999 stats., any proceeds from equity investments made by the community development finance company under s.
234.965, 1991 stats., that are received by the department or the community development finance company, and any unencumbered grant funds returned to the department under
1993 Wisconsin Act 437, section 9115 (1t).
560.21(3)
(3) The community development finance company shall transfer to the department any proceeds that the company receives from equity investments made by the community development finance company under s.
234.965, 1991 stats.
560.21 History
History: 2001 a. 109 ss.
481,
482,
498,
503,
504.
560.25
560.25
Manufacturing extension center grants. 560.25(1)(a)
(a) "Biotechnology" means technology related to life sciences.
560.25(1)(b)
(b) "Business" means a company located in this state, a company that has made a firm commitment to locate a facility in this state or a group of companies at least 80% of which are located in this state.
560.25(1)(d)
(d) "Technology-based nonprofit organization" means a nonprofit corporation, as defined in
s. 181.0103 (17), or an organization described in section
501 (c) (3) of the Internal Revenue Code that is exempt from federal income tax under section
501 (a) of the Internal Revenue Code, and that has as a mission the transfer of technology to businesses in this state.
560.25(2)
(2) Grants. Subject to
sub. (4), the department may make a grant from the appropriation under
s. 20.143 (1) (fj) to a technology-based nonprofit organization to provide support for a manufacturing extension center if all of the following apply:
560.25(2)(a)
(a) The technology-based nonprofit organization submits to the department a plan detailing its proposed expenditures and performance measures related to the project.
560.25(4)
(4) Limit on grants. Beginning with fiscal year 2004-05, the department may award $1,500,000 in grants under this section in each fiscal year.
560.27
560.27
High-technology business development corporation. 560.27(1)(a)(a) The department shall organize and assist in maintaining a high-technology business development corporation as a nonstock, nonprofit corporation under
ch. 181 for the exclusive purpose of promoting and supporting the creation, development and retention of science-based and technology-based businesses in the state. In furtherance of its purpose, the corporation shall establish and implement programs focused on key elements necessary for the success of high-technology firms, including entrepreneurs, businesses, professional services, seed and venture capital, universities and state government.
560.27(1)(b)
(b) From the appropriation under
s. 20.143 (1) (d), the department shall make a one-time grant of $50,000 in fiscal year 2000-01 to the high-technology business development corporation for start-up capital and reasonable administrative expenses of the corporation.
560.27(2)(a)(a) The high-technology business development corporation shall be governed by a board of directors, consisting of the secretary, or his or her designee, the president of the University of Wisconsin System, or his or her designee, the director of the technical college system board, or his or her designee, the president of the Wisconsin Association of Independent Colleges and Universities, or his or her designee, and at least 11 other members, one or more of whom represents each of the following categories:
560.27(2)(a)7.
7. Professionals in the state who are experienced in providing services to persons specified in
subds. 1. to
6.
560.27(2)(b)
(b) The members who are representatives of the categories under
par. (a) 1. to
7. shall serve 5-year terms. Of the initial members who are representatives of the categories under
par. (a) 1. to
7., one shall be appointed by the senate majority leader, one shall be appointed by the speaker of the assembly, one shall be appointed by the senate minority leader, one shall be appointed by the assembly minority leader and at least 7 shall be appointed by the governor. The high-technology business development corporation, in its bylaws, shall specify the method for electing new members who are representatives of the categories under
par. (a) 1. to
7. and for filling vacancies.
560.27(3)(a)(a) Subject to
par. (c), the department may make a grant to the high-technology business development corporation, from the appropriation under
s. 20.143 (1) (d), if all of the following apply:
560.27(3)(a)1.
1. The corporation submits an expenditure plan to the department detailing the proposed use of the grant proceeds and the secretary approves the plan.
560.27(3)(a)2.
2. The corporation enters into a written agreement with the department that specifies the conditions for the use of the grant proceeds, including reporting and auditing requirements.
560.27(3)(a)3.
3. The corporation provides matching funds equal to 50% of the grant proceeds.
560.27(3)(a)4.
4. The corporation provides to the department information requested by the department about private funding the corporation has received or will receive for the purposes detailed in the expenditure plan under
subd. 1.
560.27(3)(a)5.
5. The corporation agrees in writing to submit to the department the report required by
par. (b) by the time required under
par. (b).
560.27(3)(b)
(b) If the corporation receives a grant under this subsection, the corporation shall submit to the department, within 6 months after spending the full amount of the grant, a report detailing how the grant proceeds were used.
560.27(3)(c)
(c) The department may not make grants under this subsection that exceed $200,000 in total in fiscal year 2000-01, or that exceed $250,000 in total in any fiscal year thereafter.
560.27(4)
(4) Annually, the high-technology business development corporation shall provide a report on its activities to the appropriate standing committees of each house of the legislature in the manner provided under
s. 13.172 (3) and to the governor.
560.27(5)
(5) The assets transferred to, and the assets and liabilities of, the high-technology business development corporation shall be separate from all other assets and liabilities of the state, of all political subdivisions of the state and of the department. Neither the state, any political subdivision of the state nor the department guarantees any obligation of or has any obligation to the high-technology business development corporation. Neither the state, any political subdivision of the state nor the department is liable for any debt or liability of the high-technology business development corporation.
