560.798(4)(a)3. 3. The revocation of a business's certification.
560.798(4)(b) (b) The department shall annually verify information submitted to the department under s. 71.07 (2dm) or (2dx), 71.28 (1dm) or (1dx), 71.47 (1dm) or (1dx), or 76.636.
560.798(5) (5) The department shall promulgate rules for the operation of this section, including rules related to all the following:
560.798(5)(a) (a) Criteria for designating an area as an agricultural development zone.
560.798(5)(b) (b) Criteria for certifying a business for tax benefits.
560.798(5)(c) (c) Standards for establishing the limit on the amount of tax benefits that a business may claim.
560.798(5)(d) (d) Reporting requirements for certified businesses.
560.798(5)(e) (e) The exchange of information between the department of commerce and the department of revenue.
560.798(5)(f) (f) Reasons for revoking a business's certification.
560.798(5)(g) (g) Standards for changing the boundaries of an agricultural development zone.
560.798 History History: 2001 a. 16, 104; 2005 a. 259; 2007 a. 183; 2009 a. 2.
560.798 Cross-reference Cross-reference: See also ch. Comm 118, Wis. adm. code.
560.799 560.799 Enterprise zone.
560.799(1)(1)Definitions. In this section:
560.799(1)(am) (am)
560.799(1)(am)1.1. Except as provided in subd. 2., "full-time employee" means an individual who is employed in a regular, nonseasonal job and who, as a condition of employment, is required to work at least 2,080 hours per year, including paid leave and holidays.
560.799(1)(am)2. 2. The department may by rule specify circumstances under which the department may grant exceptions to the requirement under subd. 1. that a full-time employee means an individual who, as a condition of employment, is required to work at least 2,080 hours per year, but under no circumstances may a full-time employee mean an individual who, as a condition of employment, is required to work less than 37.5 hours per week.
560.799(1)(bm) (bm) "Personnel" means all of the following:
560.799(1)(bm)1. 1. A business' employees in an enterprise zone.
560.799(1)(bm)2. 2. Individuals who provide services to a business as independent contractors in this state.
560.799(1)(c) (c) "Tax benefits" means the income and franchise tax credits under ss. 71.07 (3w), 71.28 (3w), and 71.47 (3w).
560.799(3) (3)Designation of enterprise zones; criteria.
560.799(3)(a)(a) The department may designate not more than 12 enterprise zones.
560.799(3)(b) (b) In determining whether to designate an area under par. (a), the department shall consider all of the following:
560.799(3)(b)1. 1. Indicators of the area's economic need, which may include data regarding household income, average wages, the condition of property, housing values, population decline, job losses, infrastructure and energy support, the rate of business development, and the existing resources available to the area.
560.799(3)(b)2. 2. The effect of designation on other initiatives and programs to promote economic and community development in the area, including job retention, job creation, job training, and creating high-paying jobs.
560.799(3)(bm) (bm) The department shall specify whether an enterprise zone designated under par. (a) is located in a tier I county or municipality or a tier II county or municipality.
560.799(3)(c) (c) The department shall, to the extent possible, give preference to the greatest economic need.
560.799(4) (4)Time limits; reporting. A designation under sub. (3) may remain in effect for no more than 12 years.