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AB627-ASA1,6,129 71.47 (3w) (a) 1. a. “Base For taxable years beginning before January 1, 2024,
10“base
year" means the taxable year beginning during the calendar year prior to the
11calendar year in which the enterprise zone in which the claimant is located takes
12effect.
AB627-ASA1,20 13Section 20 . 71.47 (3w) (a) 1. b. of the statutes is created to read:
AB627-ASA1,6,1614 71.47 (3w) (a) 1. b. For taxable years beginning after December 31, 2023, “base
15year” means the 12-month period immediately preceding the date on which the
16claimant is certified under s. 238.399 (5).
AB627-ASA1,21 17Section 21 . 71.47 (3w) (a) 3. of the statutes is renumbered 71.47 (3w) (a) 3. a.
18and amended to read:
AB627-ASA1,6,2119 71.47 (3w) (a) 3. a. “Full-time For taxable years beginning before January 1,
202024, “full-time
employee" means a full-time employee, as defined in s. 238.399 (1)
21(am) or s. 560.799 (1) (am), 2009 stats.
AB627-ASA1,22 22Section 22 . 71.47 (3w) (a) 3. b. of the statutes is created to read:
AB627-ASA1,6,2423 71.47 (3w) (a) 3. b. For taxable years beginning after December 31, 2023,
24“full-time employee” means a full-time employee, as defined in s. 238.399 (1) (ar).
AB627-ASA1,23 25Section 23 . 71.47 (3w) (a) 6. of the statutes is amended to read:
AB627-ASA1,7,4
171.47 (3w) (a) 6. “Zone payroll" means the amount of state payroll that is
2attributable to wages paid to full-time employees for services that are performed
3based in an enterprise zone. “Zone payroll" does not include the amount of wages
4paid to any full-time employees that exceeds $100,000.
AB627-ASA1,24 5Section 24 . 71.47 (3y) (a) 2. of the statutes is amended to read:
AB627-ASA1,7,66 71.47 (3y) (a) 2. “Eligible employee" has the meaning given in s. 238.308 (1) (a).
AB627-ASA1,25 7Section 25. 71.47 (3y) (b) 6. of the statutes is created to read:
AB627-ASA1,7,138 71.47 (3y) (b) 6. For taxable years beginning after December 31, 2023, the
9amount of the investment in workforce housing, as defined in s. 234.66 (1) (i), for
10employees, not to exceed 15 percent of such investment, and the amount of the
11investment made in establishing an employee child care program for employees, not
12to exceed 15 percent of such investment, as determined by the Wisconsin Economic
13Development Corporation.
AB627-ASA1,26 14Section 26 . 71.47 (3y) (c) 3. of the statutes is created to read:
AB627-ASA1,7,1715 71.47 (3y) (c) 3. No credit may be allowed under par. (b) 4. for any amount of
16personal property investment or real property investment used to claim a credit
17under par. (b) 6.
AB627-ASA1,27 18Section 27. 238.30 (2m) (a) of the statutes is amended to read:
AB627-ASA1,7,2519 238.30 (2m) (a) Except as provided in par. (b) and ss. 238.308 (1) (b) and 238.399
20(1) (as)
, “full-time job" means a regular, nonseasonal full-time position in which an
21individual, as a condition of employment, is required to work at least 2,080 hours per
22year, including paid leave and holidays, and for which the individual receives pay
23that is equal to at least 150 percent of the federal minimum wage and benefits that
24are not required by federal or state law. “Full-time job" does not include initial
25training before an employment position begins.
AB627-ASA1,28
1Section 28. 238.308 (1) of the statutes is renumbered 238.308 (1) (intro) and
2amended to read:
AB627-ASA1,8,33 238.308 (1) Definition Definitions. (intro.) In this section, “eligible:
AB627-ASA1,8,5 4(a) “Eligible employee" means a person employed in a full-time job by a person
5certified under sub. (2).
AB627-ASA1,29 6Section 29. 238.308 (1) (b) of the statutes is created to read:
AB627-ASA1,8,107 238.308 (1) (b) For taxable years beginning after December 31, 2023, “full-time
8job” means a nonseasonal job for which the annual pay is more than the amount
9determined by multiplying 2,080 by 150 percent of the federal minimum wage and
10for which the person is offered retirement, health, and other benefits.
AB627-ASA1,30 11Section 30. 238.308 (2) (c) of the statutes is created to read:
AB627-ASA1,8,1412 238.308 (2) (c) The corporation shall approve or deny the certification of a
13person under par. (a) within 90 days after receiving a person's application for
14certification.
AB627-ASA1,31 15Section 31. 238.308 (3) of the statutes is renumbered 238.308 (3) (a) and
16amended to read:
AB627-ASA1,8,2217 238.308 (3) (a) A For taxable years beginning before January 1, 2024, a person
18is eligible to receive tax benefits if, in each year for which the person claims tax
19benefits under this section, the person increases net employment in this state in the
20person's business above the net employment in this state in the person's business
21during the year before the person was certified under sub. (2), as determined by the
22corporation under its policies and procedures.
AB627-ASA1,32 23Section 32. 238.308 (3) (b) of the statutes is created to read:
AB627-ASA1,9,3
1238.308 (3) (b) For taxable years beginning after December 31, 2023, a person
2is eligible to receive tax benefits if, in each year for which the person claims tax
3benefits under this section, all of the following conditions are met:
AB627-ASA1,9,64 1. The person makes a capital investment in the person's business, and the
5person either creates new full-time jobs or retains existing full-time jobs, as
6determined by the corporation under its policies and procedures.
AB627-ASA1,9,107 2. The person does not decrease net employment in this state in the person's
8business below the net employment in this state in the person's business during the
9year before the person is certified under sub. (2), as determined by the corporation
10under its policies and procedures.
AB627-ASA1,33 11Section 33. 238.308 (4) (a) 6. of the statutes is created to read:
AB627-ASA1,9,1612 238.308 (4) (a) 6. For taxable years beginning after December 31, 2023, an
13amount equal to up to 15 percent of the person's investment in workforce housing,
14as defined in s. 234.66 (1) (i), for employees and up to 15 percent of the person's
15investment in establishing an employee child care program for employees. Such
16investments may include only capital expenditures made by the person.
AB627-ASA1,34 17Section 34. 238.308 (4) (b) of the statutes is amended to read:
AB627-ASA1,9,2018 238.308 (4) (b) The corporation may allocate up to $22,000,000 in tax benefits
19under this section each year. Any unused allocation may be carried forward,
20including unused allocations from closed awards
.
AB627-ASA1,35 21Section 35. 238.308 (5) (a) of the statutes is amended to read:
AB627-ASA1,9,2422 238.308 (5) (a) The corporation may require a person to repay any tax benefits
23the person claims for a year in which the person failed to employ an eligible employee
24required by an agreement
comply with a contract under sub. (2) (b) (a) 2.
AB627-ASA1,36 25Section 36. 238.399 (1) (am) (intro.) of the statutes is created to read:
AB627-ASA1,10,1
1238.399 (1) (am) (intro.) For taxable years beginning before January 1, 2024:
AB627-ASA1,37 2Section 37. 238.399 (1) (ar) of the statutes is created to read:
AB627-ASA1,10,43 238.399 (1) (ar) For taxable years beginning after December 31, 2023,
4“full-time employee” means an individual employed in a full-time job.
AB627-ASA1,38 5Section 38. 238.399 (1) (as) of the statutes is created to read:
AB627-ASA1,10,96 238.399 (1) (as) For taxable years beginning after December 31, 2023,
7“full-time job” means a nonseasonal job for which the annual pay is more than the
8amount determined by multiplying 2,080 by 150 percent of the federal minimum
9wage and for which the person is offered retirement, health, and other benefits.
AB627-ASA1,39 10Section 39. 238.399 (5) (f) of the statutes is amended to read:
AB627-ASA1,10,1611 238.399 (5) (f) No For taxable years beginning before January 1, 2024, no more
12than one financial services technology business that, after completing a competitive
13corporate relocation process, retains its corporate headquarters in this state and
14retains at least 93 percent of its full-time employees in this state who were identified
15as being full-time employees of the business in the base year, as determined by the
16corporation.
AB627-ASA1,40 17Section 40. 238.399 (6) (d) of the statutes is amended to read:
AB627-ASA1,10,2218 238.399 (6) (d) The corporation may require a business to repay any tax
19benefits the business claims for a year in which the business failed to maintain
20employment levels or a significant capital investment in property required by an
21agreement under sub. (5) (c)
comply with an agreement entered into with the
22corporation
.
AB627-ASA1,41 23Section 41. Initial applicability.
AB627-ASA1,11,2
1(1) The treatment of ss. 71.07 (3w) (a) 6., 71.28 (3w) (a) 6., and 71.47 (3w) (a)
26. first applies to taxable years beginning after December 31, 2023.
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