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LRB-4982/1
AJM:amn
2017 - 2018 LEGISLATURE
December 21, 2017 - Introduced by Senators Darling, Feyen, Roth, Shilling,
Olsen, Carpenter, Bewley, Hansen and Cowles, cosponsored by
Representatives Rohrkaste, R. Brooks, Horlacher, Nygren, Born,
Kitchens, Felzkowski, Jacque, Rodriguez, Kerkman, Anderson, Goyke,
Berceau, VanderMeer, Ballweg, Steffen, Thiesfeldt, Ohnstad, Novak,
Genrich, Brostoff, Barca, Ott, Kolste, Subeck, Murphy, Tranel, Bernier,
Riemer, E. Brooks, Fields, Krug, Stuck, Shankland, Spreitzer, Doyle, C.
Taylor
, Billings and Skowronski. Referred to Committee on Revenue,
Financial Institutions and Rural Issues.
SB668,1,2 1An Act to amend 238.17 (2) of the statutes; relating to: the limit on tax credits
2that may be certified under the historic rehabilitation tax credit.
Analysis by the Legislative Reference Bureau
This bill raises the limit on the amount of tax credits that may be certified by
the Wisconsin Economic Development Corporation under the historic rehabilitation
tax credit from $500,000 to $3,500,000. The limit applies to the amount of tax credits
that may be certified for all projects undertaken on the same parcel.
For further information see the state and local fiscal estimate, which will be
printed as an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do
enact as follows:
SB668,1 3Section 1. 238.17 (2) of the statutes, as created by 2017 Wisconsin Act 59, is
4amended to read:
SB668,1,75 238.17 (2) Beginning July 1, 2018, the corporation may not certify persons to
6claim more than a total of $500,000 $3,500,000 in tax credits for all projects
7undertaken on the same parcel.
SB668,1,88 (End)
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