Wisconsin § 238.368 Limits on tax benefit to certified person.

Wisconsin Statutes

§ 238.368 — Limits on tax benefit to certified person.

Wisconsin § 238.368

Ch. 238Wisconsin economic development corporation

Subch.subch. II of ch. 238 SUBCHAPTER II

TAX INCENTIVES FOR BUSINESS DEVELOPMENT

This text of Wisconsin § 238.368 (Limits on tax benefit to certified person.) is published on Counsel Stack Legal Research, covering Wisconsin primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wis. Stat. § 238.368 (2026).

Text

238.368 238.368(1) (1) 238.368(1)(a) (a) The corporation shall establish a limit on the maximum amount of tax benefits a person certified under s. 238.365 (3) may claim while an area is designated as a development zone. 238.368(1)(b) (b) When establishing a limit on tax benefits under par.

(a), the corporation shall do all of the following: 238.368(1)(b)1. 1. Consider all of the criteria described in s. 238.365 (3) (a) to (e) . 238.368(1)(b)2. 2. Establish a limit which does not greatly exceed a recommended limit, established under rules adopted by the corporation based on the cost, number and types of full-time jobs that will be created, retained, or upgraded, including full-time jobs available to members of the targeted population, as a result of the economic activity of the person cert

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238.368
238.368(1) (1)
238.368(1)(a) (a) The corporation shall establish a limit on the maximum amount of tax benefits a person certified under s. 238.365 (3) may claim while an area is designated as a development zone.
238.368(1)(b) (b) When establishing a limit on tax benefits under par. (a) , the corporation shall do all of the following:
238.368(1)(b)1. 1. Consider all of the criteria described in s. 238.365 (3) (a) to (e) .
238.368(1)(b)2. 2. Establish a limit which does not greatly exceed a recommended limit, established under rules adopted by the corporation based on the cost, number and types of full-time jobs that will be created, retained, or upgraded, including full-time jobs available to members of the targeted population, as a result of the economic activity of the person certified under s. 238.365 (3) .
238.368(2) (2) The corporation may, upon request, increase a limit on tax benefits established under sub. (1) if the corporation does all of the following:
238.368(2)(a) (a) Complies with sub. (1) (b) with respect to the proposed increase.
238.368(2)(b) (b) Revises the certification required under s. 238.365 (5) and provides a copy of the revised form to the department of revenue and the person whose limit is increased under this subsection.
238.368(3) (3)
238.368(3)(a) (a) The corporation may reduce a limit established under sub. (1) or (2) if the corporation determines that any of the following applies:
238.368(3)(a)1. 1. The limit is not consistent with the criteria listed under s. 238.365 (3) (a) to (e) .
238.368(3)(a)2. 2. The information on which the limit is based was inaccurate or significantly misestimated.
238.368(3)(b) (b) The corporation shall notify the department of revenue and the person whose limit on tax benefits is reduced under par. (a) and provide a written explanation to the person of the reasons for reducing the limit.