Wis. Stat. § 238.301

Current through Acts 2023-2024, ch. 272
Section 238.301 - Certification for tax benefits
(1) APPLICATION. Any person may apply to the corporation on a form prepared by the corporation for certification under this section. The application shall include all of the following:
(a) The name and address of the person.
(b) The federal tax identification number of the person.
(c) The names and addresses of the locations where the person conducts business and a description of the business activities conducted at those locations.
(d) A description of each eligible activity conducted or proposed to be conducted by the person.
(e) Other information required by the corporation or the department of revenue.
(2)
(a) The corporation may certify a person who submits an application under sub. (1) if, after conducting an investigation, the corporation determines that the person is conducting or intends to conduct at least one eligible activity.
(b) The corporation shall provide a person certified under this section with a copy of the certification.
(3) CONTRACT. A person certified under this section shall enter into a written contract with the corporation. The contract shall include provisions that detail all of the following:
(a) A description of each eligible activity being conducted or proposed to be conducted by the person.
(b) Whether any of the eligible activities will occur in an economically distressed area, as designated by the corporation under s. 238.304(1).
(c) Whether any of the eligible activities will benefit members of a targeted group, as determined by the corporation under s. 238.304(2).
(d) A compliance schedule that includes a sequence of anticipated actions to be taken or goals to be achieved by the person before the person may receive tax benefits under s. 238.303.
(e) The reporting requirements with which the person must comply.
(f) If feasible, a determination of the tax benefits the person will be authorized to claim under s. 238.303(2) if the person fulfills the terms of the contract.

Wis. Stat. § 238.301

Amended by Acts 2015 ch, 55,s 4004b, eff. 7/14/2015.
2009 a. 2; 2011 a. 32 s. 3410; Stats. 2011 s. 238.301.