SB21,1462,1611 235.17 (1) (b) The authority may not certify a person for a tax credit under this
12subsection if the person is not subject to the taxes imposed under s. 71.02, 71.08,
1371.23, or 71.43, except that the authority may certify a nonprofit entity described
14under section 501 (c) (3) of the Internal Revenue Code for a tax credit under this
15subsection if the entity intends to sell or otherwise transfer the credit, as provided
16under s. 71.07 (9m) (h), 71.28 (6) (h), or 71.47 (6) (h).

SB21,1462,1918 235.17 (2) The authority may certify up to $10,000,000 in tax credits under sub.
19(1) in any calendar year.

SB21,1462,2321 235.17 (3) In determining whether to certify a person for a tax credit under sub.
22(1), the authority shall consider all of the following with respect to the activity for
23which the tax credit is claimed:

SB21,1462,2424 (a) The number of full-time jobs that may be created.

SB21,1463,2

1(b) The anticipated benefit to the state of the activity relative to the cost to the
2state of the tax credit.

SB21,1463,33 (c) The projected impact of the activity on the local economy.

SB21,1463,54 (d) Whether the activity or investments associated with the activity would
5occur without the tax credit.

SB21,1463,76 (e) The number of tax credits that have been certified under sub. (1) in the same
7county or municipality in prior years.

SB21,1463,169 235.17 (4) For 4 years following receipt of a tax credit under sub. (1), the
10original claimant shall report to the authority the total number of full-time jobs
11created by the activity for which the credit was claimed. The authority shall report
12to the department of revenue, at least once each calendar quarter, any claimant
13whose activity created fewer full-time jobs than projected under sub. (3) (a). The
14authority shall report to the department of revenue the name, address, and tax
15identification number of the claimant, and the number of full-time jobs projected
16and created.

SB21,1463,1918 235.17 (5) The authority shall adopt policies and procedures for the
19administration of this section, including all of the following:

SB21,1463,2020 (a) Process by which applicants may apply for certification under sub. (1).

SB21,1463,2121 (b) Certification of the tax credit, in accordance with sub. (3).

SB21,1463,2222 (c) Reporting requirements for certified claimants.

SB21,1463,2323 (d) Process and criteria for revocation of certification.

SB21,1464,2

1235.30 (7) (e) In s. 235.308, "tax benefits" means the business development tax
2credit under ss. 71.07 (3y), 71.28 (3y), and 71.47 (3y).