SB21,4017 Section 4017. 238.345 of the statutes is renumbered 235.345, and 235.345 (1) (a) and (b), (2) (a), (am), (b), (c) 1. and 2. and (d) and (3) (intro.), (a) and (b), as renumbered, are amended to read:

SB21,1505,23 235.345 (1) (a) The designation of an area as a development zone shall be effective for 240 months, beginning on the day the corporation authority notifies the local governing body under s. 238.325 235.325 (3) of the designation.

SB21,1506,4 (b) The local governing body may apply to the corporation authority for one 60-month extension of the designation. The corporation authority shall adopt rules policies and procedures establishing criteria for approving an extension of a designation of an area as a development zone under this subsection. No applications may be accepted by the corporation authority under this paragraph on or after March 6, 2009.

SB21,1506,7 (2) (a) When the corporation authority designates a development zone under s. 238.31 235.31, it shall establish a limit for tax benefits for the development zone determined by allocating to the development zone a portion of $38,155,000.

SB21,1506,11 (am) Notwithstanding par. (a), the corporation authority may increase the established limit for tax benefits for a development zone. The corporation authority may not increase the limit for tax benefits established for any development zone designated under s. 238.31 235.31 on or after March 6, 2009.

SB21,1506,13 (b) Annually the corporation authority shall estimate the amount of forgone state revenue because of tax benefits claimed by persons in each development zone.

SB21,1506,16 (c) 1. Ninety days after the day on which the corporation authority determines that the forgone tax revenues under par. (b) will equal or exceed the limit for the development zone established under par. (a) or (am).

SB21,1506,18 2. The day that the corporation authority withdraws its designation of an area as a development zone under sub. (3).

SB21,1506,20 (d) The corporation authority shall immediately notify the local governing body of a change in the expiration date of the development zone under par. (c).

SB21,1506,22 (3) (intro.) The corporation authority may withdraw the designation of an area as a development zone if any of the following applies:

SB21,1507,2 (a) No person is certified as eligible to receive tax benefits under s. 238.365 235.365 (3) during the 12-month period beginning on the day the area is designated as a development zone and the corporation authority determines that the local governing body that nominated the zone is not in compliance with s. 238.363 235.363.

SB21,1507,5 (b) No person is certified as eligible to receive tax benefits under s. 238.365 235.365 (3) during the 24-month period beginning on the day the area is designated a development zone.

SB21,4018 Section 4018. 238.35 of the statutes is renumbered 235.35, and 235.35 (intro.), (6), (7), (8) and (10), as renumbered, are amended to read:

SB21,1507,9 235.35 Additional duties of the corporation authority. (intro.) The corporation authority shall do all of the following:

SB21,1507,15 (6) Notify University of Wisconsin System Authority small business development centers, the Wisconsin housing and development centers, the central administration of all University of Wisconsin System Authority campuses and regional planning commissions about the development zone program and encourage those entities to provide advice to the corporation authority or local governing bodies on ways to improve the development zone program.

SB21,1507,16 (7) Prepare forms for the certification described under s. 238.365 235.365 (5).

SB21,1507,18 (8) Annually verify information submitted to the corporation authority under s. 71.07 (2dx), 71.28 (1dx), 71.47 (1dx), or 76.636.

SB21,1507,22 (10) Enter into an agreement with the local governing body of a 1st class city where a development zone is designated under s. 238.31 235.31 (3) (c) 1. to provide efficient administration of the development zone program within the development zone.

SB21,4019 Section 4019. 238.363 of the statutes is renumbered 235.363, and 235.363 (1) (intro.) and (c) and (4), as renumbered, are amended to read:

SB21,1508,3 235.363 (1) (intro.) If an area nominated by a local governing body is designated as a development zone under s. 238.31 235.31, the local governing body shall do all of the following:

SB21,1508,5 (c) Assist the corporation authority in the administration of the development zone program.

SB21,1508,9 (4) The local governing body of a 1st class city where a development zone is designated under s. 238.31 235.31 (3) (c) 1. shall enter into an agreement with the corporation authority to provide efficient administration of the development zone program within the development zone.

SB21,4020 Section 4020. 238.365 of the statutes is renumbered 235.365, and 235.365 (intro.), (2), (3) (intro.), (b) and (j) and (5) (g) and (h), as renumbered, are amended to read:

SB21,1508,14 235.365 Certification for tax benefits. (intro.) The corporation authority shall do all of the following:

SB21,1508,16 (2) Determine whether a person applying for tax benefits engages or will engage in economic activity that violates s. 238.38 235.38 (1).

SB21,1508,19 (3) (intro.) Subject to s. 238.38 235.38, certify persons who are eligible to claim tax benefits while an area is designated as a development zone, according to the following criteria:

SB21,1508,21 (b) The person's commitment not to engage in economic activity that violates s. 238.38 235.38 (1).

SB21,1508,23 (j) Any other criteria established under rules policies and procedures adopted by the corporation authority.