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Bills · 2013-2014 Regular Session

AB 375

Died at session end Official bill text Atom feed

Relating to: development opportunity zones for areas experiencing mass layoffs or business closings. (FE)

Business County Economic development corporation, wisconsin Industrial development Unemployment

  1. Introduced, stopped here
  2. Passes Assembly, not reached
  3. Passes Senate, not reached
  4. Governor signs, not reached
  5. Law, not reached

Unfamiliar terms? Glossary

What this bill does

Plain-language analysis by the nonpartisan Legislative Reference Bureau

Current law designates certain areas in the state, usually confined to a city, as

development opportunity zones. Taxpayers that conduct business or intend to

conduct business in a development opportunity zone may receive certain tax credits

after submitting a qualifying project plan to the Wisconsin Economic Development

Corporation (WEDC).

This bill authorizes WEDC to designate as a development opportunity zone an

area in a county in this state that experiences a mass layoff or business closing.

Under the bill, the mass layoff or business closing must affect at least 25 percent of

the employer's workforce or 100 employees, whichever is greater, at an employment

site or within a county, not including new or low-hour employees. The bill also

authorizes WEDC to reallocate unallocated tax credits from the existing

development opportunity zones in the cities of Janesville, Kenosha, and Beloit for

use in a development opportunity zone that WEDC designates in connection with a

mass layoff or business closing.

What it would cost

Fiscal estimates filed by state agencies, as official PDFs

Sponsors

Introduced by: A. Ott (R) , Bies (R) , Born (R) , Genrich (D) , Jacque (R) , Kahl (D) , Kleefisch (R) , Klenke (R) , Knodl (R) , Mursau (R) , Nygren (R) , Weininger (R)

2 cosponsors

Hansen (D) , Lasee (R)

Full history

  1. Sep 17, 2013 · Assembly

    Introduced by Representatives Weininger, Bies, Jacque, Kleefisch, Kahl, Nygren, Born, Klenke, A. Ott, Knodl, Genrich and Mursau; cosponsored by Senators Lasee and Hansen

  2. Sep 17, 2013 · Assembly

    Read first time and referred to Committee on Jobs, Economy and Mining

  3. Oct 3, 2013 · Assembly

    Fiscal estimate received

  4. Oct 8, 2013 · Assembly

    Fiscal estimate received

  5. Apr 8, 2014 · Assembly

    Failed to pass pursuant to Senate Joint Resolution 1