Assembly Bill 619 aims to promote the manufacturing of aviation biofuels in Wisconsin by establishing a tax credit system and authorizing the state to contract public debt for funding a grant related to aviation biofuel projects. The bill allows the Wisconsin Economic Development Corporation (WEDC) to create an aviation biofuel manufacturing zone and certify businesses within this zone to claim income and franchise tax credits, with a total cap of $60 million in credits. Businesses must commit to significant investments and adhere to sourcing requirements for biomass used in production. The bill also mandates that certified businesses submit quarterly reports on their workforce impact and outlines conditions under which WEDC can revoke tax credit certifications.

Additionally, the bill authorizes the state to contract public debt up to $150 million to fund a grant for an aviation biofuel project, with specific conditions for the grantee, including the requirement to use the facility solely for aviation biofuel manufacturing and to source 80% of biomass locally. If these conditions are violated, the grantee must repay the grant amount. The legislation emphasizes the importance of aviation biofuel manufacturing for job creation and the forest products industry in Wisconsin, reflecting a commitment to supporting this emerging sector.

Statutes affected:
Bill Text: 25.29(1)(a), 25.29