LRB-3573/4
JK:wlj:jf
2007 - 2008 LEGISLATURE
February 5, 2008 - Introduced by Senators Kreitlow, Hansen, Harsdorf, Schultz
and Olsen, cosponsored by Representatives Wood, Moulton, Van Roy,
Albers, Davis, Gunderson, Hahn, F. Lasee, Murtha, Mursau, Musser,
Newcomer, Nygren, Suder, Smith, Townsend
and M. Williams. Referred to
Committee on Economic Development.
SB453,1,2 1An Act to amend 560.7995 (3) (b) and 560.96 (2) (b) of the statutes; relating to:
2the total amount of airport development zone and technology zone tax credits.
Analysis by the Legislative Reference Bureau
Under current law, the total amount of income and franchise tax credits that
taxpayers may claim for conducting business in all airport development zones, for
all taxable years, is $9,000,000. Under current law, the total amount of income and
franchise tax credits that taxpayers may claim for conducting business in a
technology zone is $5,000,000.
Under this bill, the Department of Commerce may allocate the amount of
unallocated airport development zone tax credits to technology zones for which the
$5,000,000 maximum allocation is insufficient, except that the total amount
allocated from the airport development zone program to all technology zones may not
exceed $6,000,000.
For further information see the state 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:
SB453, s. 1 3Section 1. 560.7995 (3) (b) of the statutes is amended to read:
SB453,2,74 560.7995 (3) (b) When the department designates an area as an airport
5development zone, the department shall establish a limit, not to exceed $3,000,000,

1for tax benefits applicable to the airport development zone. The total tax benefits
2applicable to all airport development zones may not exceed $9,000,000 , less any
3amount allocated to technology zones under s. 560.96 (2) (b) and except that the total
4amount allocated to all technology zones under s. 560.96 (2) (b) may not exceed
5$6,000,000
. The department may, after 48 months from the month of any
6designation under this section, evaluate the area designated as an airport
7development zone and reallocate the amount of available tax benefits.
SB453, s. 2 8Section 2. 560.96 (2) (b) of the statutes is amended to read:
SB453,2,189 560.96 (2) (b) The designation of an area as a technology zone shall be in effect
10for 10 years from the time that the department first designates the area. However,
11not Not more than $5,000,000 in tax credits may be claimed in a technology zone,
12except that the department may allocate the amount of unallocated airport
13development zone tax credits, as provided under s. 560.7995 (3) (b), to technology
14zones for which the $5,000,000 maximum allocation is insufficient
. The department
15may change the boundaries of a technology zone during the time that its designation
16is in effect. A change in the boundaries of a technology zone does not affect the
17duration of the designation of the area or the maximum tax credit amount that may
18be claimed in the technology zone.
SB453,2,1919 (End)
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