October 10, 2019 - Introduced by Senators Testin, Bernier and Feyen, cosponsored
by Representatives Nygren, Tranel, Summerfield, Born, Dittrich,
Felzkowski, Kerkman, Kitchens, Kulp, Kurtz, Mursau, Oldenburg, Petryk,
Plumer, Quinn, Rohrkaste, Tusler and Zimmerman. Referred to Committee
on Utilities and Housing.

SB484,1,4 1An Act to amend 76.67 (2); and to create 16.309 (4), 71.07 (8f), 71.10 (4) (fd),
271.28 (8f), 71.30 (3) (cu), 71.47 (8f), 71.49 (1) (cu), 76.6395 and 234.045 of the
3statutes; relating to: workforce housing tax credits and economic development
4revolving loan funds.

This bill creates a workforce housing tax credit program administered by the
Wisconsin Housing and Economic Development Authority.

Under the bill, WHEDA may certify a person to claim a nonrefundable credit
to offset income and franchise taxes if all of the following conditions are satisfied:

1. The project for which the credit is issued is an eligible workforce housing
project. Under the bill, a project is an eligible workforce housing project only if the
project is for the construction or renovation of residential real property located in a
county with a population density of less than 155 persons per square mile, there is
a need for additional manufacturing workers in the area in which the project is
located, and a lack of adequate housing in the area is a barrier to filling that need.