SB27-SSA1,703,2216 66.1103 (4m) (a) 2. The municipality or county has received an estimate issued
17under s. 560.034 238.11 (5) (a), and the department of commerce Wisconsin Economic
18Development Corporation has estimated whether the project which the municipality
19or county would finance under the revenue agreement is expected to eliminate,
20create, or maintain jobs on the project site and elsewhere in this state and the net
21number of jobs expected to be eliminated, created, or maintained as a result of the
22project.

SB27-SSA1,704,524 66.1103 (4m) (b) Any revenue agreement which an eligible participant enters
25into with a municipality or county to finance a project shall require the eligible

1participant to submit to the department of commerce Wisconsin Economic
2Development Corporation within 12 months after the project is completed or 2 years
3after a revenue bond is issued to finance the project, whichever is sooner, on a form
4prescribed under s. 560.034 238.11 (1), the net number of jobs eliminated, created,
5or maintained on the project site and elsewhere in this state as a result of the project.

SB27-SSA1,704,87 66.1103 (4s) (a) 1. "Department" "Corporation" means the department of
8commerce Wisconsin Economic Development Corporation.

SB27-SSA1,704,1410 66.1103 (4s) (b) 3. The employer shall certify compliance with this subsection
11to the department corporation, to the governing body of each municipality or county
12within which a lost job exists and to any collective bargaining agent in this state with
13which the employer has a collective bargaining agreement at the project site or at a
14site where a lost job exists.

SB27-SSA1,704,2116 66.1103 (4s) (b) 4. The employer shall submit a report to the department
17corporation every 3 months during the first year after the construction of the project
18is completed. The reports shall provide information about new jobs, lost jobs, and
19offers of employment made to persons who were formerly employed at lost jobs. The
204th report shall be the final report. The form and content of the reports shall be
21prescribed by the department corporation under par. (d).

SB27-SSA1,704,2423 66.1103 (4s) (d) The department corporation shall administer this subsection
24and shall prescribe forms for certification and reports under par. (b).

SB27-SSA1,705,9

166.1103 (10) (c) A copy of the initial resolution together with a statement
2indicating when the public notice required under par. (b) was published shall be filed
3with the secretary of commerce Wisconsin Economic Development Corporation
4within 20 days following publication of notice. Prior to the closing of the bond issue,
5the secretary corporation may require additional information from the eligible
6participant or the municipality or county. After the closing of the bond issue, the
7secretary corporation shall be notified of the closing date, any substantive changes
8made to documents previously filed with the secretary corporation, and the principal
9amount of the financing.

SB27-SSA1,705,1411 66.1103 (10) (g) Bonds may not be issued unless prior to adoption of an initial
12resolution a document which provides a good faith estimate of attorney fees which
13will be paid from bond proceeds is filed with the clerk of the municipality or county
14and the department of commerce Wisconsin Economic Development Corporation.

SB27-SSA1,706,317 66.1105 (4) (gm) 4. c. Except as provided in subs. (10) (c), (16) (d), and (17), the
18equalized value of taxable property of the district plus the value increment of all
19existing districts does not exceed 12 percent of the total equalized value of taxable
20property within the city. In determining the equalized value of taxable property
21under this subd. 4. c., the department of revenue shall base its calculations on the
22most recent equalized value of taxable property of the district that is reported under
23s. 70.57 (1m) before the date on which the resolution under this paragraph is
24adopted. If the department of revenue determines that a local legislative body
25exceeds the 12 percent limit described in this subd. 4. c., the department shall notify

1the city of its noncompliance, in writing, not later than December 31 of the year in
2which the department receives the completed application or amendment forms
3described in sub. (5) (b).

SB27-SSA1,706,145 66.1105 (5) (bt) If the city of New Lisbon amends, or attempts to amend, the
6project plan of Tax Incremental District Number 12 on January 1, 2012, based on
7actions taken by the common council between July 1, 2011, and December 31, 2011,
8the tax incremental base of the district shall be redetermined by the department of
9revenue as if the district's project plan had been amended on January 1, 2012, except
10that the department of revenue may not certify a value increment under par. (b), that
11reflects the amendment to the district's plan, before 2012. In addition, the time limits
12specified for the city clerk in par. (b), and the provisions relating to the 12 percent
13limit findings requirement under sub. (4) (gm) 4. c., do not apply to an amendment
14to the project plan of Tax Incremental District Number 12 in the city of New Lisbon.

SB27-SSA1,707,716 66.1105 (6) (a) (intro.) If the joint review board approves the creation of the tax
17incremental district under sub. (4m), and subject to par. (ae), positive tax increments
18with respect to a tax incremental district are allocated to the city which created the
19district or, in the case of a city or village that annexes or attaches a district created
20under sub. (16), to the annexing or attaching city or village, for each year
21commencing after the date when a project plan is adopted under sub. (4) (g). The
22department of revenue may not authorize allocation of tax increments until it
23determines from timely evidence submitted by the city that each of the procedures
24and documents required under sub. (4) (d) to (f) has been completed and all related
25notices given in a timely manner. The department of revenue may authorize

1allocation of tax increments for any tax incremental district only if the city clerk and
2assessor annually submit to the department all required information on or before the
32nd Monday in June. The facts supporting any document adopted or action taken
4to comply with sub. (4) (d) to (f) are not subject to review by the department of revenue
5under this paragraph. After the allocation of tax increments is authorized, the
6department of revenue shall annually authorize allocation of the tax increment to
7the city that created the district until the soonest of the following events: