"On behalf of the State of Wisconsin, Governor Walker executed a memorandum of understanding with Hon Hai Precision Industry Company, Ltd., also known as " Foxconn Technology Group " (and commonly referred to as " Foxconn") , on July 27, 2017, to outline terms and responsibilities" which, if achieved, would result in a definitive agreement and [Foxconn] locating" a new fabrication facility in Wisconsin. Among other terms, the Governor agreed that the state would immediately pursue legislation to create a special tax credit zone for the project and make specified other changes to current law. As part of a special session on economic development, the Assembly Committee on Organization subsequently introduced a bill that makes changes relating to the terms outlined in the memorandum of understanding, together with other changes to current law. This Information Memorandum summarizes the legislation and provides relevant background information. For other summaries of the legislation, see the analysis of the bill by the Legislative Reference Bureau and a memorandum on LRB - 4050/1, prepared by the Legislative Fiscal Bureau."-- page 1 (viewed Aug. 4, 2017).