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Tuesday, April 12, 2011

 4:11 PM 

Assembly passes bill creating enterprise zones in rural areas

The Assembly passed legislation that creates two enterprise zones in locations with a population of less than 5,000, and two more zones in locations with populations between 5,000 and 30,000.

The bill passed on a 79-12 vote.

Under the bill, a business that retains jobs in a rural zone and makes a "significant capital investment" in property within the zones would be eligible for tax credits.

Assembly Majority Leader Scott Suder, R-Abbotsford, said the bill furthers the nonpartisan goal of job creation.

An amendment from Rep. Penny Bernard Schaber, D-Appleton, that she said would ensure that the program be maintained when the Department of Commerce transitions into the public-private hybrid Wisconsin Economic Development Corporation was defeated on a 58-35 vote.


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