238.34 Change in boundary and size of development zones.
(1) Except as provided under sub. (6), at any time after a development zone is designated by the corporation, a local governing body may submit an application to change the boundaries of the development zone. If the boundary change reduces the size of a development zone, the local governing body shall explain why the area excluded should no longer be in a development zone. The corporation may require the local governing body to submit additional information.
(2) The corporation may approve an application for a boundary change if the development zone, as affected by the boundary changes, meets the applicable requirements of s. 238.335 and 3 of the criteria under s. 238.31 (1) (e) 4.
(3) If the corporation approves an application for a boundary change under sub. (2), it shall do all of the following:
(a) Redetermine the limit on the tax benefits for the development zone established under s. 238.345 (2) (a).
(b) Notify the local governing body which submitted the application of the change in the boundary or tax benefits limit of the development zone.
(4) The change in the boundaries or tax benefits limit of a development zone shall be effective on the day the corporation notifies the local governing body under sub. (3) (b).
(5) No change in the boundaries of a development zone may affect the duration of an area as a development zone under s. 238.345 (1) (a). The corporation may consider a change in the boundary of a development zone when evaluating an application for an extension of the designation of an area as a development zone under s. 238.345 (1) (b).
(6) The corporation may not accept any applications under sub. (1) to change the boundaries of a development zone designated under s. 238.31 on or after March 6, 2009.
History: 1987 a. 328; 1995 a. 209; 1997 a. 103; 2009 a. 2; 2011 a. 32 s. 3425; Stats. 2011 s. 238.34.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 238 - Wisconsin economic development corporation.
238.02 - Creation and organization of corporation.
238.045 - Establishment of nonprofit organization.
238.046 - Private interest in public contract.
238.07 - Submission of annual reports to legislature.
238.08 - Records of the corporation.
238.09 - Procurement policies and procedures.
238.10 - Allocation of volume cap on tax-exempt bonds.
238.11 - Employment impact estimates.
238.115 - Tax credit reporting.
238.12 - Repayment of grants, loans, and tax benefits.
238.125 - Notification of position openings; compliance.
238.127 - State main street program.
238.13 - Brownfields grant program.
238.133 - Brownfield site assessment grants.
238.135 - Grants to regional economic development organizations.
238.14 - St. Croix Valley Business Incubator.
238.15 - Early stage business investment program.
238.155 - Talent attraction and retention initiatives.
238.17 - Historic rehabilitation tax credit.
238.25 - Assistance to loan recipients.
238.26 - Report to investment board.
238.28 - Refundable tax credits.
238.301 - Certification for tax benefits.
238.302 - Eligible activities.
238.303 - Limits on tax benefits and claiming tax benefits.
238.3045 - Transferability of tax benefits.
238.305 - Revocation of certification.
238.306 - Responsibilities of the corporation.
238.308 - Business development tax credit.
238.31 - Designation of development zone.
238.315 - Invitation to nominate area.
238.32 - Application by local governing bodies.
238.325 - Evaluation by corporation.
238.335 - Boundaries and size of development zones.
238.34 - Change in boundary and size of development zones.
238.345 - Duration, renewal and expiration.
238.35 - Additional duties of the corporation.
238.363 - Duties of local governing bodies.
238.365 - Certification for tax benefits.
238.368 - Limits on tax benefit to certified person.
238.37 - Revocation of certification.
238.38 - Certification prohibited in certain cases.
238.385 - Rules on eligibility for tax benefits.
238.395 - Development opportunity zones.
238.396 - Electronics and information technology manufacturing zone.
238.397 - Enterprise development zone program.