Vetoed by Governor Scott Walker

Signed by Governor Scott Walker

Vote Smart's Synopsis:

Vote to pass a bill that establishes an electronics and information technology manufacturing zone in which certain businesses are eligible for tax credit.

Highlights:

• Requires the Wisconsin Economic Development Corporation to verify whether a corporation meets certain criteria to be eligible for a tax credit for beginning operation or making significant capital expenditures in an electronics and information technology manufacturing zone (Sec. 1).

• Authorizes a sum of $252.4 million to fund southeast Wisconsin freeway megaprojects (Sec. 7).

• Authorizes discharging dredged material into non-federal wetlands located within an electronics and information technology manufacturing zone as long as the discharge is related to the construction, access, or operation of a new facility that is located in the zone (Sec. 59).

• Establishes a tax exemption for the sale of building materials, supplies, and equipment used to construct facilities located in a zone if the capital expenditures for constructing the facilities may be claimed as income and franchise tax credits (Sec. 34).

• Establishes special provisions that apply to certain tax incremental financing districts (TIDs) and other industrial sites (Sec. 21).

Full Bill Text

Vote Smart's Synopsis:

Vote to pass a bill that establishes an electronics and information technology manufacturing zone in which certain businesses are eligible for tax credit.

Highlights:

• Authorizes the Wisconsin Economic Development Corporation (WEDC) to create the “Electronics and Information Technology Manufacturing Zone” in which certain businesses are eligible for tax credits (Sec. 7).

• Authorizes income and franchise tax credits for businesses that begin operations and make significant capital expenditures in the zone (Secs. 49-55).

• Authorizes the WEDC to certify up to $2.85 billion in tax credits (Sec. 49).

• Establishes a tax exemption for the sale of building materials, supplies, and equipment used to construct facilities located in the zone if the capital expenditures for constructing the facilities may be claimed as income and franchise tax credits (Sec. 34).

• Authorizes discharging dredged material into a non-federal wetland that is located within the zone if the discharge is related to the construction, access, or operation of a new manufacturing facility that is also located in the zone (Sec. 59).

• Establishes special provisions that apply to certain tax incremental financing districts (TIDs) and other industrial sites (Sec. 49).

• Authorizes certain public utility projects to take place within the zone without a certificate of authority from the Public Service Commission (Sec. 42).

• Authorizes the state to contract up to $252.4 million in public debt for the I-94 corridor project (Sec. 7).

Full Bill Text