LRBa0643/1
MPG:kjf:md
2011 - 2012 LEGISLATURE
ASSEMBLY AMENDMENT 3,
TO 2011 ASSEMBLY BILL 13
April 12, 2011 - Offered by Representatives Molepske Jr and Vruwink.
AB13-AA3,1,11 At the locations indicated, amend the bill as follows:
AB13-AA3,1,2 21. Page 1, line 3: after "Beloit" insert "and the village of Whiting".
AB13-AA3,1,3 32. Page 2, line 3: delete " and (i)" and substitute "(i), and (j)".
AB13-AA3,1,4 43. Page 2, line 8: after that line insert:
AB13-AA3,1,5 5" Section 2m. 560.795 (1) (j) of the statutes is created to read:
AB13-AA3,1,76 560.795 (1) (j) An area in the village of Whiting, the legal description of which
7is provided to the department by the local governing body of the village of Whiting.".
AB13-AA3,1,10 84. Page 2, line 24: after " 2010." insert "Except as provided in pars. (d) and (e),
9the designation of the area under sub. (1) (j) shall be effective for 60 months,
10beginning on the effective date of this paragraph .... [LRB inserts date].
".
AB13-AA3,1,11 115. Page 3, line 2: after that line insert:
AB13-AA3,1,12 12" Section 4m. 560.795 (2) (b) 10. of the statutes is created to read:
AB13-AA3,2,2
1560.795 (2) (b) 10. Except as provided in par. (e) 4., the limit for tax benefits
2for the development opportunity zone under sub. (1) (j) is $2,500,000.".
AB13-AA3,2,3 36. Page 3, line 9: after that line insert:
AB13-AA3,2,4 4" Section 5m. 560.795 (2) (e) 4. of the statutes is created to read:
AB13-AA3,2,105 560.795 (2) (e) 4. The department may extend the designation of an area under
6sub. (1) (j) as a development opportunity zone for an additional 60 months if the
7department determines that an extension will support economic development within
8the village. If the department grants an extension under this subdivision, the limit
9for tax benefits for the development opportunity zone under sub. (1) (j) is increased
10by $2,500,000.".
AB13-AA3,2,11 117. Page 3, line 13: delete " or (i)" and substitute "(i), or (j)".
AB13-AA3,2,1212 (End)
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