560.2055(5)(a)(a) The department of commerce shall notify the department of revenue when the department of commerce certifies a person to receive tax benefits.
560.2055(5)(b)
(b) The department of commerce shall notify the department of revenue within 30 days of revoking a certification made under
sub. (2).
560.2055(5)(c)
(c) The department may require a person to repay any tax benefits the person claims for a year in which the person failed to maintain employment required by an agreement under
sub. (2) (b).
560.2055(5)(d)
(d) The department shall determine the maximum amount of the tax credits under
ss. 71.07 (3q),
71.28 (3q), and
71.47 (3q) that a certified business may claim and shall notify the department of revenue of this amount.
560.2055(5)(f)
(f) The department shall promulgate rules for the implementation and operation of this section, including rules relating to the following:
560.2055(5)(f)1.
1. The definitions of a tier I county or municipality and a tier II county or municipality. The department may consider all of the following information when establishing the definitions required under this subdivision:
560.2055(5)(f)1.e.
e. Other significant or irregular indicators of economic distress, such as a natural disaster or mass layoff.
560.2055(5)(f)2.
2. A schedule of additional tax benefits for which a person who is certified under
sub. (2) and who incurs costs related to job training under
sub. (3) (c) may be eligible.
560.2055 History
History: 2009 a. 28,
265.
560.2056
560.2056
Food processing plant and food warehouse investment credit. 560.2056(1)(1) The department of commerce shall implement a program to certify taxpayers as eligible for the food processing plant and food warehouse investment credit under
ss. 71.07 (3rn),
71.28 (3rn), and
71.47 (3rn).
560.2056 Note
NOTE: The cross-references to ss. 71.07 (3rn), 71.28 (3rn), and 71.47 (3rn) were changed from ss. 71.07 (3rm), 71.28 (3rm), and 71.47 (3rm) by the legislative reference bureau under s. 13.92 (1) (bm) 2. to reflect the renumbering under s. 13.92 (1) (bm) 2. of ss. 71.07 (3rm), 71.28 (3rm), and 71.47 (3rm), as created by
2009 Wis. Act 295.
560.2056(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 food processing plant and food warehouse investment credits allocated to taxpayers in fiscal year 2009-10 may not exceed $600,000 and the total amount of food processing plant and food warehouse investment credits allocated to taxpayers in fiscal year 2010-11, and in each fiscal year thereafter, may not exceed $700,000.
560.2056(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.
560.2056(4)
(4) The department of commerce, in consultation with the department of revenue, shall promulgate rules to administer this section.
560.2056 History
History: 2009 a. 295; s. 13.92 (1) (bm) 2.
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, including taxpayers who are members of dairy cooperatives, 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 who are not members of dairy cooperatives in fiscal year 2008-09, and in each fiscal year thereafter, may not exceed $700,000. The total amount of dairy manufacturing facility investment credits allocated to taxpayers who are members of dairy cooperatives in fiscal year 2009-10 may not exceed $600,000 and the total amount of dairy manufacturing facility investment credits allocated to taxpayers who are members of dairy cooperatives in fiscal year 2010-11, 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;
2009 a. 2.
560.207 Cross-reference
Cross-reference: See also s. Comm 132, Wis. adm. code.
560.208
560.208
Meat processing facility investment credit. 560.208(1)(1) The department of commerce shall implement a program to certify taxpayers as eligible for the meat processing facility investment credit under
ss. 71.07 (3r),
71.28 (3r), and
71.47 (3r).
560.208(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 meat processing facility investment credits allocated to taxpayers in fiscal year 2009-10 may not exceed $300,000 and the total amount of meat processing facility investment credits allocated to taxpayers in fiscal year 2010-11, and in each fiscal year thereafter, may not exceed $700,000.
560.208(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.
560.208(4)
(4) The department of commerce, in consultation with the department of revenue, shall promulgate rules to administer this section.
560.208 History
History: 2009 a. 2.
560.208 Cross-reference
Cross-reference: See also s. Comm 134, Wis. adm. code.
560.2085
560.2085
Qualified new business ventures. 560.2085(1)
(1) The department shall implement a program to certify qualified new business ventures for purposes of
s. 71.05 (24). A business desiring certification shall submit an application to the department in each taxable year for which the business desires certification. Subject to
sub. (2), a business may be certified under this subsection, and may maintain such certification, only if the business is engaged in one of the following:
560.2085(1)(b)
(b) Manufacturing, agriculture, or processing or assembling products and conducting research and development.
560.2085(2)
(2) The department may not certify a business under
sub. (1) if the business is engaged in real estate development, insurance, banking, lending, lobbying, political consultation, professional services provided by attorneys, accountants, business consultants, physicians, or health care consultants, wholesale or retail sales, leisure, hospitality, transportation, or construction.
560.2085(3)(a)(a) The department shall maintain a list of businesses certified under
sub. (1) and shall permit public access to the lists through the department's Internet Web site.
560.2085(3)(b)
(b) The department of commerce shall notify the department of revenue of every certification issued under
sub. (1) and the date on which a certification under
sub. (1) is revoked or expires.
560.2085 History
History: 2009 a. 28 s.
3073;
2009 a. 276 s.
83.
560.209
560.209
Woody biomass harvesting and processing credit. 560.209(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 woody biomass harvesting and processing credits allocated to taxpayers in any fiscal year may not exceed $900,000. In each fiscal year, the department of commerce shall allocate $450,000 in tax credits to businesses that, individually, have no more than $5,000,000 in gross receipts from doing business in this state for the taxable year in which the credit is claimed.
560.209(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.
560.209(4)
(4) The department of commerce, in consultation with the department of revenue, shall promulgate rules to administer this section.
560.209 History
History: 2009 a. 269.
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.
560.255
560.255
Grants to Wisconsin Angel Network. Annually, from the appropriation under
s. 20.143 (1) (bk), the department shall make a grant to the Wisconsin Angel Network of $60,000. The department shall enter into an agreement with the Wisconsin Angel Network that specifies the uses for the grant proceeds and reporting and auditing requirements. The department shall promulgate rules necessary to administer this section.
560.255 History
History: 2009 a. 28.
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(1)(c)
(c) Annually, beginning in fiscal year 2010-11, the department shall award a grant of $100,000 from the appropriation under
s. 20.143 (1) (d) to the high-technology business development corporation. The department shall enter into an agreement with the high-technology business development corporation requiring the grant proceeds to be used for employing a grant writer to assist businesses to apply for federal small business innovation research grants. The department shall submit annually to the legislature under
s. 13.172 (2) a report detailing the number of grant applications assisted by the grant writer, the number of applications assisted by the grant writer that won grants and the total amount of the grants, and the number of any jobs created as a result of the grant writer's activities.
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:
