Assembly Bill 77
Increasing the amount of the early stage seed and angel investment credits
Topics: Business, Franchise: Taxation, Income tax: Credit, Industrial development
Stopped in committee
It never got a , so it never came up for a vote. To try again, a lawmaker would have to start a new bill.
-
Introduced, passed
Feb 20, 2009
-
Committee, stopped here
Stopped here. No public hearing was held.
-
Assembly vote, not reached
-
Senate vote, not reached
-
Governor, not reached
-
Law, not reached
Latest entry in the official record, Apr 28, 2010: “Failed to pass pursuant to ”
It never got a hearing in the Assembly Committee on Jobs, the Economy and Small Business. See every bill that never got a hearing this session.
Following saves it on this device. New actions show on your Following page. You can also get updates in a feed reader.
Terms on this page
Committee
A small group of lawmakers that looks at a bill first. Most bills never leave committee.
Public hearing
A meeting where anyone can speak to a committee about a bill, or send written comments.
Senate Joint Resolution 1
The session's calendar. Any bill not passed by its last voting day dies.
Official term: Failed to pass pursuant to SJR 1. More in the glossary
Legislative Reference Bureau
The Legislature's nonpartisan office that drafts bills and writes the summary at the top of each one.
Official term: LRB analysis. More in the glossary
Author
A lawmaker who formally puts a bill forward. The text itself is drafted by the Legislative Reference Bureau.
Official term: Author, coauthor. More in the glossary
Signed on in support
Lawmakers who back a bill without being one of its authors, often from the other chamber.
Official term: Cosponsor. More in the glossary
Cost estimate
A state agency's estimate of what a bill would cost or save.
Official term: Fiscal estimate. More in the glossary
What it would have done
Summary by the , the Legislature's nonpartisan drafting office. It's their wording, not ours.
Under current law, a person may claim an early stage seed investment income and franchise tax credit in an amount equal to 25 percent of the person's initial investment paid to a fund manager that the fund manager invests in a business that is certified by the Department of Commerce (Commerce) to receive such investments.
The total amount of all credits that may be claimed in any calendar year after 2007 is $6,000,000 and the total amount that may be claimed in all taxable years is $52,500,000. Under this bill, the total amount of all early stage seed investment credits that may be claimed in any calendar year after 2008 is $10,225,000 and the total amount that may be claimed in all taxable years is $102,250,000.
Read the full summary Show less
Under current law, an individual may claim an income tax credit in each taxable year for two years, beginning with the taxable year certified by Commerce, in an amount equal to 12.5 percent of the individual's bona fide angel investment in a new business venture. The total amount of all credits that may be claimed in any calendar year after 2007 is $5,500,000 and the total amount that may be claimed in all taxable years is $47,500,000. Under this bill, the total amount of all bona fide angel investment credits that may be claimed in any calendar year after 2008 is $8,775,000 and the total amount that may be claimed in all taxable years is $87,750,000.
Who's behind it
23 lawmakers are its . 20 are Republicans and 3 are Democrats.
8 more lawmakers .
See all 31 names Hide the names
Authors (23)
- Alvin Ott · Republican, Assembly
- Peter Barca · Democrat, Assembly
- Terese Berceau · Democrat, Assembly
- Edward Brooks · Republican, Assembly
- Brett Davis · Republican, Assembly
- Jason Fields · Democrat, Assembly
- Scott Gunderson · Republican, Assembly
- Mark Honadel · Republican, Assembly
- Dan Knodl · Republican, Assembly
- Daniel LeMahieu · Republican, Assembly
- John Murtha · Republican, Assembly
- Scott Newcomer · Republican, Assembly
- John Nygren · Republican, Assembly
- Don Pridemore · Republican, Assembly
- Keith Ripp · Republican, Assembly
- Roger Roth · Republican, Senate
- Richard Spanbauer · Republican, Assembly
- Pat Strachota · Republican, Assembly
- Scott Suder · Republican, Assembly
- John Townsend · Republican, Assembly
- Karl Van Roy · Republican, Assembly
- Robin Vos · Republican, Assembly
- Rich Zipperer · Republican, Senate
Signed on in support (8)
- Jon Erpenbach · Democrat, Senate
- Sheila Harsdorf · Republican, Senate
- Randy Hopper · Republican, Senate
- Theodore Kanavas · Republican, Senate
- Neal Kedzie · Republican, Senate
- Joe Leibham · Republican, Senate
- Luther S. Olsen · Republican, Senate
- Jeffrey Plale · Democrat, Senate
What it would cost
State agencies filed a . Each opens as a PDF from the Legislature.
What happened
-
Apr 28, 2010
The session ended, and the bill died with it.
-
Mar 26, 2009
A state agency sent in its estimate of the cost.
-
Mar 5, 2009
A state agency sent in its estimate of the cost.
-
Feb 20, 2009
Sent to the Assembly Committee on Jobs, the Economy and Small Business.
-
Feb 20, 2009
Introduced in the Assembly.
See the official record, word for word Hide the official record
- Feb 20, 2009 · Assembly
Introduced by Representatives Strachota, Fields, Knodl, Ripp, Barca, Spanbauer, Berceau, Brooks, Vos, Van Roy, Honadel, Zipperer, Suder, Murtha, Davis, Roth, Nygren, A. Ott, Newcomer, Pridemore, Townsend, LeMahieu and Gunderson;Cosponsored by Senators Kanavas, Hopper, Leibham, Kedzie, Erpenbach, Olsen, Harsdorf and Plale
- Feb 20, 2009 · Assembly
Read first time and referred to committee on Jobs, the Economy and Small Business
- Mar 5, 2009 · Assembly
Fiscal estimate received
- Mar 26, 2009 · Assembly
Fiscal estimate received
- Apr 28, 2010 · Assembly
Failed to pass pursuant to Senate Joint Resolution 1
Terms on this page
Committee
A small group of lawmakers that looks at a bill first. Most bills never leave committee.
Public hearing
A meeting where anyone can speak to a committee about a bill, or send written comments.
Senate Joint Resolution 1
The session's calendar. Any bill not passed by its last voting day dies.
Official term: Failed to pass pursuant to SJR 1. More in the glossary
Legislative Reference Bureau
The Legislature's nonpartisan office that drafts bills and writes the summary at the top of each one.
Official term: LRB analysis. More in the glossary
Author
A lawmaker who formally puts a bill forward. The text itself is drafted by the Legislative Reference Bureau.
Official term: Author, coauthor. More in the glossary
Signed on in support
Lawmakers who back a bill without being one of its authors, often from the other chamber.
Official term: Cosponsor. More in the glossary
Cost estimate
A state agency's estimate of what a bill would cost or save.
Official term: Fiscal estimate. More in the glossary
From the Wisconsin Legislature's official record, checked Sep 15, 2026. See the source
Committee
A small group of lawmakers that looks at a bill first. Most bills never leave committee.
Public hearing
A meeting where anyone can speak to a committee about a bill, or send written comments.
Senate Joint Resolution 1
The session's calendar. Any bill not passed by its last voting day dies.
Official term: Failed to pass pursuant to SJR 1
Legislative Reference Bureau
The Legislature's nonpartisan office that drafts bills and writes the summary at the top of each one.
Official term: LRB analysis
Signed on in support
Lawmakers who back a bill without being one of its authors, often from the other chamber.
Official term: Cosponsor
Cost estimate
A state agency's estimate of what a bill would cost or save.
Official term: Fiscal estimate