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;
2007 a. 183.
HOUSING ASSISTANCE
560.9801
560.9801
Definitions. In this subchapter:
560.9801(1)
(1) "Community-based organization" means an organization operating in a specific geographic area that is organized primarily to provide housing opportunities for persons or families of low or moderate income, and that is one of the following:
560.9801(1)(c)
(c) A federally recognized American Indian tribe or band in this state or an entity established by a federally recognized American Indian tribe or band.
560.9801(2)
(2) "Housing authority" means any of the following:
560.9801(2)(c)
(c) A housing authority organized by the elected governing body of a federally recognized American Indian tribe or band in this state.
560.9801(3)
(3) "Housing costs" means whichever of the following applies:
560.9801(3)(a)
(a) For housing occupied by the owner, any of the following:
560.9801(3)(a)1.
1. The principal and interest on a mortgage loan that finances the purchase of the housing.
560.9801(3)(a)2.
2. Closing costs and other costs associated with a mortgage loan.
560.9801(3)(a)7.
7. If the housing is owned and occupied by members of a cooperative or an unincorporated cooperative association, fees paid to a person for managing the housing.
560.9801(6)
(6) "Utility-related costs" means costs related to power, heat, gas, light, water and sewerage.
560.9801 Cross-reference
Cross Reference: See also ch.
Comm 153, Wis. adm. code.
560.9802
560.9802
State housing strategy plan. 560.9802(1)(a)(a) The department shall prepare a comprehensive 5-year state housing strategy plan. The department shall submit the plan to the federal department of housing and urban development.
560.9802(1)(b)
(b) In preparing the plan, the department may obtain input from housing authorities, community-based organizations, the private housing industry and others interested in housing assistance and development.
560.9802(2)
(2) The state housing strategy plan shall include all of the following:
560.9802(2)(a)
(a) A statement of housing policies and recommendations.
560.9802(2)(b)
(b) An evaluation and summary of housing conditions and trends in this state, including housing stock and housing cost analyses, general population and household composition demographic analyses and housing and demographic forecasts.
560.9802(2)(c)
(c) An evaluation of housing assistance needs, based in part on the evaluation under
par. (b).
560.9802(2)(d)
(d) A discussion of major housing issues, including housing production, housing and neighborhood conservation, housing for persons with special needs, fair housing and accessibility and housing affordability.
560.9802(2)(e)
(e) Housing policies that set the general framework for this state's housing efforts.
560.9802(2)(f)
(f) Strategies for utilizing federal funding and for coordinating federal and state housing efforts.
560.9802(2)(g)
(g) Specific recommendations for public and private action that contribute to the attainment of housing policies under the plan.
560.9802(3)
(3) The department shall annually update the state housing strategy plan.
560.9802(4)
(4) Before October 1 of each year, the department shall submit the state housing strategy plan to the governor and to the chief clerk of each house of the legislature for distribution to the legislature under
s. 13.172 (2).
560.9802 History
History: 1991 a. 39;
1997 a. 27;
2003 a. 33 s.
152; Stats. 2003 s. 560.9802.
560.9803
560.9803
Housing cost grants and loans. 560.9803(1)
(1) The department shall do all of the following:
560.9803(1)(a)
(a) Subject to
sub. (2), make grants or loans, directly or through agents designated under
s. 560.9804, from the appropriation under
s. 20.143 (2) (b) to persons or families of low or moderate income to defray housing costs of the person or family.
560.9803(1)(b)
(b) Determine the rate of interest, repayment terms or any other term of a loan made under this section.
560.9803(1)(c)
(c) Set minimum standards for housing that is occupied by a person or family of low or moderate income who receives a grant or loan under this section.
560.9803(2)
(2) In connection with grants and loans under
sub. (1), the department shall do all of the following:
560.9803(2)(a)
(a) Base the amount of the grant or loan on the ratio between the recipient's housing costs and income.
560.9803(2)(c)
(c) Ensure that the funds for the grants and loans are reasonably balanced among geographic areas of this state.
560.9803(2)(d)
(d) Ensure that the funds for the grants and loans are reasonably balanced among the varying housing needs of persons or families of low or moderate income.
560.9803(2)(e)
(e) Give priority for grants and loans to all of the following:
560.9803(2)(e)5.
5. Families in which at least one minor child but only one parent live together.
560.9803(2)(e)7.
7. Other persons or families that the department determines have particularly severe housing problems.
560.9803(3)(b)
(b) The department may administer and disburse funds from a grant or loan under
sub. (1) (a) on behalf of the recipient of the grant or loan.
560.9803 History
History: 1989 a. 31;
1991 a. 39;
2001 a. 109;
2003 a. 33 s.
153; Stats. 2003 s. 560.9803.
560.9803 Cross-reference
Cross Reference: See also ch.
Comm 153, Wis. adm. code.
