AB50: Bill Text

AB50,2430 Section 2430. 234.662 (1) (c) 1. of the statutes is created to read:

AB50,1221,24 234.662 (1) (c) 1. A person other than a city, village, town, or county.

AB50,2431 Section 2431. 234.662 (1) (c) 2. of the statutes is created to read:

AB50,1222,2 234.662 (1) (c) 2. A tribal housing authority created by a tribal council.

AB50,2432 Section 2432. 234.662 (1) (d) of the statutes is amended to read:

AB50,1222,6 234.662 (1) (d) “Eligible political subdivision” governmental unit” means the city, village, town, or county governmental unit having jurisdiction over an eligible project, as determined by the authority.

AB50,2433 Section 2433. 234.662 (1) (e) 3. of the statutes is repealed.

AB50,2434 Section 2434. 234.662 (1) (e) 4. of the statutes is repealed.

AB50,2435 Section 2435. 234.662 (1) (em) of the statutes is created to read:

AB50,1222,11 234.662 (1) (em) “Governmental unit” means a city, village, town, county, or federally recognized American Indian tribe or band in this state.

AB50,2436 Section 2436. 234.662 (1) (f) of the statutes is renumbered 234.662 (1) (f) (intro.) and amended to read:

AB50,1222,15 234.662 (1) (f) (intro.) “Residential housing” means single-family or multifamily housing for rent or sale that to which any of the following applies:

AB50,1222,16 1. The housing is subject to taxation under ch. 70.

AB50,2437 Section 2437. 234.662 (1) (f) 2. of the statutes is created to read:

AB50,1222,20 234.662 (1) (f) 2. The housing is not subject to taxation under ch. 70 because it is designated as reservation lands, as defined in s. 165.92 (1) (a), or trust lands, as defined in s. 165.92 (1) (d).

AB50,2438 Section 2438. 234.662 (1) (g) of the statutes is amended to read:

AB50,1222,23 234.662 (1) (g) “Residential housing development” means residential housing that consists of 16 6 or more dwelling units.

AB50,2439 Section 2439. 234.662 (3) (b) (intro.) of the statutes is amended to read:

AB50,1223,8 234.662 (3) (b) (intro.) From the commercial-to-housing conversion revolving loan fund, the authority may award loans to developers to cover construction costs for an eligible project, including demolition. Any developer may apply to the authority for a loan in accordance with the application process established by the authority under par. (c), but the authority may not award the loan unless the developer and the eligible political subdivision governmental unit demonstrate to the satisfaction of the authority in one or more forms prescribed by the authority that all of the following apply:

AB50,2440 Section 2440. 234.662 (3) (b) 3. of the statutes is amended to read:

AB50,1224,2 234.662 (3) (b) 3. The eligible political subdivision governmental unit has reduced the cost of residential housing in connection with the eligible project by voluntarily revising zoning ordinances, subdivision regulations, or other land development regulations to increase development density, expedite approvals, reduce impact, water connection, and inspection fees, or reduce parking, building, or other development costs with respect to the development of residential housing supported by the project. For purposes of this subdivision, the political subdivision governmental unit in cooperation with the developer shall submit to the authority a cost reduction analysis in a form prescribed by the authority and signed by the developer and the head of the political subdivision’s governmental unit’s governing body that shows the cost reduction measures, including time saving measures, undertaken by the political subdivision governmental unit on or after January 1, 2023 2015, that have reduced the cost of residential housing in connection with the eligible project. The signed analysis shall clearly show for each time saving or cost reduction measure the estimated time or dollar amount saved by the developer and the estimated percentage reduction in housing costs.

AB50,2441 Section 2441. 234.662 (3) (b) 4. of the statutes is amended to read:

AB50,1224,6 234.662 (3) (b) 4. The eligible political subdivision governmental unit is in compliance with the requirements under ss. 66.1001, 66.10013, and 66.10014, to the extent those requirements apply to the political subdivision governmental unit.

AB50,2442 Section 2442. 234.662 (3) (b) 5. of the statutes is repealed.

AB50,2443 Section 2443. 234.662 (3) (c) of the statutes is amended to read:

AB50,1224,16 234.662 (3) (c) The authority shall establish a semiannual application process for the award of loans under this subsection. If in any application cycle there are insufficient moneys available in the commercial-to-housing conversion revolving loan fund to fund all applications that meet the requirements under par. (b) and are otherwise acceptable to the authority, the authority shall prioritize funding loans for eligible projects in eligible political subdivisions governmental units that have reduced the cost of residential housing as described in par. (b) 3. but with respect to the political subdivision governmental unit as a whole.

AB50,2444 Section 2444. 234.662 (3) (d) 2. of the statutes is amended to read:

AB50,1224,20 234.662 (3) (d) 2. No loan awarded under this subsection may exceed $1,000,000 per eligible project or 20 33 percent of the total project costs, including any land purchase, whichever is less.

AB50,2445 Section 2445. 234.662 (5) (b) 4. of the statutes is amended to read:

AB50,1224,23 234.662 (5) (b) 4. An identification of the eligible political subdivision governmental unit with respect to which the loan was awarded.

AB50,2446 Section 2446. 238.03 (4) (b) (intro.) and 1. of the statutes are consolidated, renumbered 238.03 (4) (b) and amended to read:

AB50,1225,6 238.03 (4) (b) The board shall establish policies and procedures for maintaining and expending any unassigned balance that satisfy all of the following requirements: 1. The policies and procedures shall be consistent with best practices recommended by the Government Finance Officers Association.

AB50,2447 Section 2447. 238.03 (4) (b) 2. of the statutes is repealed.

AB50,2448 Section 2448. 238.127 (1) (a) of the statutes is renumbered 238.127 (1) (bm) and amended to read:

AB50,1225,12 238.127 (1) (bm) “Business area” means a commercial area existing at the time services under the state main street program are requested and having historic significance downtown area or historic commercial district.

AB50,2449 Section 2449. 238.127 (1) (b) of the statutes is renumbered 238.127 (1) (am) and amended to read:

AB50,1225,16 238.127 (1) (am) “Municipality Applicant” means a city, village or, town, tribal government, chamber of commerce, or nonprofit organization.

AB50,2450 Section 2450. 238.127 (2) (intro.) of the statutes is amended to read:

AB50,1225,23 238.127 (2) (intro.) The corporation shall establish and administer a state main street program to coordinate state and local participation in programs offered by the national main street center, created by the national trust for historic preservation, to assist municipalities applicants in planning, managing and implementing programs for the revitalization of business areas. The corporation shall do all of the following:

AB50,2451 Section 2451. 238.127 (2) (a) of the statutes is repealed.

AB50,2452 Section 2452. 238.127 (2) (c) of the statutes is repealed.

AB50,2453 Section 2453. 238.127 (2) (d) of the statutes is amended to read:

AB50,1226,5 238.127 (2) (d) Coordinate with other state and local public and private entities which provide services to municipalities applicants undertaking projects for the revitalization of business areas.

AB50,2454 Section 2454. 238.127 (2) (e) of the statutes is amended to read:

AB50,1226,16 238.127 (2) (e) Annually select, upon application, up to 5 municipalities applicants to participate in the state main street program. The program for each municipality applicant shall conclude after 3 years, except that the program for each municipality applicant selected after July 29, 1995, shall conclude after 5 years. The corporation shall select program participants representing various geographical regions and populations. A municipality An applicant may apply to participate, and the corporation may select a municipality an applicant for participation, more than one time. In selecting a municipality an applicant, however, the corporation may give priority to those municipalities applicants that have not previously participated.

AB50,2455 Section 2455. 238.127 (2) (f) (intro.) of the statutes is amended to read:

AB50,1226,20 238.127 (2) (f) (intro.) For use in selecting the participants in the state main street program under par. (e), develop objective criteria relating to evaluate and consider at least the following issues:

AB50,2456 Section 2456. 238.127 (2) (f) 1. of the statutes is amended to read:

AB50,1226,23 238.127 (2) (f) 1. Private and public sector interest in and commitment to revitalization of a business area selected by the municipality applicant.

AB50,2457 Section 2457. 238.127 (2) (f) 2. of the statutes is amended to read:

AB50,1227,2 238.127 (2) (f) 2. Potential private sector investment in a business area selected by the municipality applicant.

AB50,2458 Section 2458. 238.127 (2) (f) 3. of the statutes is repealed.

AB50,2459 Section 2459. 238.127 (2) (f) 3m. of the statutes is created to read:

AB50,1227,6 238.127 (2) (f) 3m. Potential to retain small businesses in the business area selected by the applicant.

AB50,2460 Section 2460. 238.127 (2) (f) 4. of the statutes is repealed.

AB50,2461 Section 2461. 238.127 (2) (f) 4m. of the statutes is created to read:

AB50,1227,10 238.127 (2) (f) 4m. Potential to attract new businesses to the business area selected by the applicant.

AB50,2462 Section 2462. 238.127 (2) (f) 5. of the statutes is repealed.

AB50,2463 Section 2463. 238.127 (2) (f) 5m. of the statutes is created to read:

AB50,1227,14 238.127 (2) (f) 5m. Potential to generate new economic activity and grow the tax base in the business area selected by the applicant.

AB50,2464 Section 2464. 238.127 (2) (f) 6. of the statutes is created to read:

AB50,1227,17 238.127 (2) (f) 6. Potential to create employment opportunities in the business area selected by the applicant.

AB50,2465 Section 2465. 238.127 (2) (h) of the statutes is amended to read:

AB50,1227,22 238.127 (2) (h) Provide training, technical assistance and information on the revitalization of business areas to municipalities applicants which do not participate in the state main street program. The corporation may charge reasonable fees for the services and information provided under this paragraph.

AB50,2466 Section 2466. 238.308 (1) (b) of the statutes is amended to read:

AB50,1228,5 238.308 (1) (b) For taxable years beginning after December 31, 2023, “full- time job” means a nonseasonal job for which the annual pay is more than the amount determined by multiplying 2,080 by 150 percent of the federal minimum wage and for which the person is offered retirement, health, and other benefits $34,220 and benefits that are not required by federal or state law. “Full-time job” does not include initial training before an employment position begins.

AB50,2467 Section 2467. 238.308 (4) (a) 1. of the statutes is amended to read:

AB50,1228,20 238.308 (4) (a) 1. An amount equal to up to 10 percent of the amount of wages that the person paid to an eligible employee in the taxable year. For contracts executed by the corporation after December 31, 2025, the amount of wages taken into account under this subdivision may not exceed $151,300 per eligible employee per year. Beginning on January 1, 2027, the dollar amount under this subdivision shall be increased each year by a percentage equal to the percentage change between the U.S. consumer price index for all urban consumers, U.S. city average, for the month of August of the previous year and the U.S. consumer price index for all urban consumers, U.S. city average, for the month of August of the year before the previous year, as determined by the federal department of labor. Each amount that is revised under this subdivision shall be rounded to the nearest multiple of $10 if the revised amount is not a multiple of $10 or, if the revised amount is a multiple of $5, such an amount shall be increased to the next higher multiple of $10.

AB50,2468 Section 2468. 238.308 (4) (a) 6. of the statutes is amended to read:

AB50,1229,3 238.308 (4) (a) 6. For taxable years beginning after December 31, 2023, and before January 1, 2025, an amount equal to up to 15 percent of the person’s investment in workforce housing, as defined in s. 234.66 (1) (i), for employees and, for taxable years beginning after December 31, 2023, up to 15 percent of the person’s investment in establishing an employee child care program for employees. Such investments may include only capital expenditures made by the person.

AB50,2469 Section 2469. 238.308 (4) (a) 7. of the statutes is created to read:

AB50,1229,9 238.308 (4) (a) 7. For taxable years beginning after December 31, 2024, an amount equal to up to 15 percent of the person’s investment in workforce housing, as defined in s. 234.66 (1) (i). Such investments may include contributions made by the person to a 3rd party responsible for building or rehabilitating workforce housing, including contributions made to a local revolving loan fund program.

AB50,2470 Section 2470. 238.399 (1) (as) of the statutes is amended to read:

AB50,1229,16 238.399 (1) (as) For taxable years beginning after December 31, 2023, “full- time job” means a nonseasonal job for which the annual pay is more than the amount determined by multiplying 2,080 by 150 percent of the federal minimum wage and for which the person is offered retirement, health, and other benefits $34,220 in a tier I county or municipality or more than $45,390 in a tier II county or municipality and benefits that are not required by federal or state law.

AB50,2471 Section 2471. 238.399 (3) (a) of the statutes is amended to read:

AB50,1229,19 238.399 (3) (a) The corporation may designate any number of not more than 30 enterprise zones in this state.

AB50,2472 Section 2472. 238.399 (3) (am) of the statutes is repealed.

AB50,2473 Section 2473. 238.399 (3) (e) of the statutes is created to read:

AB50,1230,3 238.399 (3) (e) If the corporation revokes all certifications for tax benefits within a designated enterprise zone or all certifications for tax benefits within a designated enterprise zone expire, the corporation may cancel the designation of that enterprise zone. After canceling the designation of an enterprise zone, the corporation may designate a new enterprise zone subject to the limits under this subsection.

AB50,2474 Section 2474. 238.399 (6) (h) of the statutes is created to read:

AB50,1230,13 238.399 (6) (h) Beginning on January 1, 2027, the dollar amount in sub. (1) (as) shall be increased each year by a percentage equal to the percentage change between the U.S. consumer price index for all urban consumers, U.S. city average, for the month of August of the previous year and the U.S. consumer price index for all urban consumers, U.S. city average, for the month of August of the year before the previous year, as determined by the federal department of labor. Each amount that is revised under this paragraph shall be rounded to the nearest multiple of $10 if the revised amount is not a multiple of $10 or, if the revised amount is a multiple of $5, such an amount shall be increased to the next higher multiple of $10.

AB50,2475 Section 2475. 250.04 (3) (a) of the statutes is amended to read:

AB50,1230,18 250.04 (3) (a) The department shall establish and maintain surveillance activities sufficient to detect any occurrence of acute, communicable, or chronic diseases and threat of occupational or environmental hazards, injuries, or changes in the health of mothers parents and children.

AB50,2476 Section 2476. 250.15 (1) (b) 7. of the statutes is created to read:

AB50,1230,20 250.15 (1) (b) 7. The organizations are not health center look-alikes.

AB50,2477 Section 2477. 250.15 (1) (c) of the statutes is created to read:

AB50,1231,2 250.15 (1) (c) “Health center look-alike” means a health care entity that is designated by the federal health resources and services administration as a federally qualified health center look-alike.

AB50,2478 Section 2478. 250.15 (2) (d) of the statutes is amended to read:

AB50,1231,5 250.15 (2) (d) Two million two hundred fifty thousand dollars to To free and charitable clinics, $2,500,000.