AB21-ASA1,1233,1812 238.303 (1) (a) Except as provided in pars. (am) and (b), and subject to a
13reallocation by the corporation pursuant to rules adopted under s. 238.15 (3) (d), the
14total tax benefits available to be allocated by the corporation under ss. 238.301 to
15238.306 may not exceed the sum of the tax benefits remaining to be allocated under
16s. 560.71 to 560.785, 2009 stats., s. 560.797, 2009 stats., s. 560.798, 2009 stats., s.
17560.7995, 2009 stats., and s. 560.96, 2009 stats., on March 6, 2009, plus
18$100,000,000.

AB21-ASA1,1233,2220 238.303 (3) Notice of eligibility. The corporation shall provide to the person
21and to the department of revenue a notice of eligibility to receive tax benefits that
22reports the amount of tax benefits for which the person is eligible.

AB21-ASA1,1234,324 238.303 (4) Sunset. No tax benefits may be awarded under ss. 238.301 to
25238.306 after December 31, 2015, unless the tax benefits were allocated to a taxpayer

1by the corporation in a contract that the corporation executed before that date or in
2a letter of intent to enter into such a contract that the corporation issued before that
3date.

AB21-ASA1,1234,8 6238.308 Business development tax credit. (1) Definition. In this section,
7"eligible employee" means a person employed in a full-time job by a person certified
8under sub. (2).

AB21-ASA1,1234,10 9(2) Certification. (a) The corporation may certify a person to receive tax
10benefits under this section if all of the following apply:

AB21-ASA1,1234,1111 1. The person is operating or intends to operate a business in this state.

AB21-ASA1,1234,1312 2. The person applies under this section and enters into a contract with the
13corporation.

AB21-ASA1,1234,1514 (b) The certification of a person under par. (a) may remain in effect for no more
15than 10 cumulative years.

AB21-ASA1,1234,21 16(3) Eligibility for tax benefits. A person is eligible to receive tax benefits if,
17in each year for which the person claims tax benefits under this section, the person
18increases net employment in this state in the person's business above the net
19employment in this state in the person's business during the year before the person
20was certified under sub. (2), as determined by the corporation under its policies and
21procedures.

AB21-ASA1,1234,23 22(4) Awards, limits, expiration. (a) The corporation may award all of the
23following tax benefits to a person certified under sub. (2):

AB21-ASA1,1234,2524 1. An amount equal to up to 10 percent of the amount of wages that the person
25paid to an eligible employee in the taxable year.

AB21-ASA1,1235,4

12. In addition to any tax benefits awarded for an eligible employee under subd.
21., an amount equal to up to 5 percent of the amount of wages that the person paid
3to the eligible employee in the taxable year, if the eligible employee is employed in
4an economically distressed area, as determined by the corporation.

AB21-ASA1,1235,95 3. An amount equal to up to 50 percent of the person's training costs incurred
6to undertake activities to enhance an eligible employee's general knowledge,
7employability, and flexibility in the workplace; to develop skills unique to the
8person's workplace or equipment; or to develop skills that will increase the quality
9of the person's product.

AB21-ASA1,1235,1410 4. An amount equal to up to 3 percent of the person's personal property
11investment and up to 5 percent of the person's real property investment in a capital
12investment project, if the project involves a total capital investment of at least
13$1,000,000 or, if less than $1,000,000, the project involves a capital investment that
14is equal to at least $10,000 per eligible employee employed on the project.

AB21-ASA1,1235,2015 5. An amount, as determined by the corporation, equal to a percentage of the
16amount of wages that the person paid to an eligible employee in the taxable year, if
17the position in which the eligible employee was employed was created or retained in
18connection with the person's location or retention of the person's corporate
19headquarters in Wisconsin and the job duties associated with the eligible employee's
20position involve the performance of corporate headquarters functions.

AB21-ASA1,1235,2421 (b) Subject to a reallocation by the corporation under s. 238.15 (3) (d), the
22corporation may allocate up to $17,000,000 in tax benefits under this section in 2016
23and up to $22,000,000 per year thereafter. Any unused allocation may be carried
24forward.

AB21-ASA1,1236,3

1(5) Duties. (a) The corporation may require a person to repay any tax benefits
2the person claims for a year in which the person failed to employ an eligible employee
3required by an agreement under sub. (2) (b).

AB21-ASA1,1236,54 (b) The corporation shall annually verify the information submitted to it by the
5person claiming tax benefits under ss. 71.07 (3y), 71.28 (3y), and 71.47 (3y).

AB21-ASA1,1236,76 (c) The corporation shall adopt policies and procedures for the implementation
7and operation of this section.

AB21-ASA1,1236,1210 238.395 (3) (d) The corporation annually shall verify information submitted to
11the corporation under s. 71.07 (2di), (2dm), or (2dx), 71.28 (1di), (1dm), or (1dx), 71.47
12(1di), (1dm), or (1dx), or 76.636.