Madison – Today a number of bills called for by Governor Walker in the Back to Work Wisconsin Special Session passed the Legislature, and now await his signature.
“Because of the Legislature’s actions today—moving forward additional bills I called for in Special Session, we are another step closer to ensuring the private sector can create 250,000 new jobs by 2015,” said Governor Walker. “Today bills authored by Senators Zipperer, Leibham, and Schultz and Representatives Strachota, Petryk, and Marklein received final passage. I thank the authors for working to gather the support necessary to move these through committee, pass each Legislative chamber, and ultimately be delivered to my desk.”
Special Session Bill 23 (Zipperer/Strachota) Passed the Senate 17-15: This bill makes numerous changes to the procedural statutes governing the actions of the Department of Revenue in providing advice, conducting audits, imposing penalties, issuing refunds, promulgating administrative rules and litigating tax disputes.
Special Session Senate Bill 2, Leibham/Petryk, Passed the Senate 33-0 – Makes several changes to the Wisconsin Housing and Economic Development Authority’s small business development loan guarantee program. The cap on the amount of a loan that may be guaranteed under the program is raised from $200,000 or 80 percent of the principal of the loan (whichever is less), to $750,000 or 80 percent of the principal of the loan (whichever is less). The definition of “small business” is expanded from businesses that employ up to 50 full?time employees to businesses that employ up to 250 full?time employees. It removes the requirement that the owner of a small business be actively engaged in the small business in order to qualify for the program and it also removes the requirement that loans used to start a small business in a downtown store front must be used in a rural community.
Special Session Senate Bill 3, Schultz/Marklein, Passed the Senate 33-0 – Reduces the film tax credit application fee from 2 percent of the person’s production expenditures or $5,000 (whichever is less), to 2 percent of the person’s production expenditures or $500 (whichever is less).