Assembly Bill 866
Restoring the treatment of the exclusion of capital gains for individuals and certain other persons that existed before the enactment of 2009 Wisconsin Act 28
Topics: Capital gains tax, Legislature: Tax Exemptions, Joint Survey Committee on
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.
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Introduced, passed
Mar 17, 2010
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Committee, stopped here
Stopped here. No public hearing was held.
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Assembly vote, not reached
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Senate vote, not reached
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Governor, not reached
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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 Rules pursuant to Assembly Rule 42 (3)(c). See every bill that never got a hearing this session.
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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, as affected by 2009 Wisconsin Act 28 , the biennial budget bill, there is an income tax exclusion for individuals, fiduciaries, members of limited liability companies and partnerships, and shareholders of tax-option corporations for 30 percent of the net long-term capital gains realized from the sale of assets held more than one year and the sale of all assets acquired from a decedent, and an exclusion for 60 percent of such gains realized from the sale of farm assets held more than one year and the sale of all farm assets acquired from a decedent. This treatment in Act 28 first applies to taxable years beginning on January 1, 2009.
This bill repeals the changes made to the treatment of capital gains by 2009 Wisconsin Act 28 . The bill restores the income tax exclusion for capital gains to 60 percent of the net long-term capital gains realized from the sale of assets held more than one year and the sale of all assets acquired from a decedent and repeals the separate 60 percent exclusion for farm assets.
Read the full summary Show less
Because this bill relates to an exemption from state or local taxes, it may be referred to the Joint Survey Committee on Tax Exemptions for a report to be printed as an appendix to the bill.
Who's behind it
20 lawmakers are its . 19 are Republicans and 1 is a Independent.
7 more lawmakers .
See all 27 names Hide the names
Authors (20)
- Edward Brooks · Republican, Assembly
- Brett Davis · Republican, Assembly
- Scott Gunderson · Republican, Assembly
- Dean Kaufert · Republican, Assembly
- Samantha Kerkman · Republican, Assembly
- Dan Knodl · Republican, Assembly
- Daniel LeMahieu · Republican, Assembly
- Thomas Lothian · Republican, Assembly
- John Murtha · Republican, Assembly
- John Nygren · Republican, Assembly
- Kevin Petersen · Republican, Assembly
- Jerry Petrowski · Republican, Senate
- Roger Roth · Republican, Senate
- Richard Spanbauer · Republican, Assembly
- Pat Strachota · Republican, Assembly
- Scott Suder · Republican, Assembly
- Gary Tauchen · Republican, Assembly
- John Townsend · Republican, Assembly
- Robin Vos · Republican, Assembly
- Bob Ziegelbauer · Independent, Assembly
Signed on in support (7)
- Alan Lasee · Republican, Senate
- Sheila Harsdorf · Republican, Senate
- Randy Hopper · Republican, Senate
- Neal Kedzie · Republican, Senate
- Mary Lazich · Republican, Senate
- Joe Leibham · Republican, Senate
- Luther S. Olsen · Republican, Senate
What it would cost
State agencies filed a . Each opens as a PDF from the Legislature.
What happened
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Apr 28, 2010
The session ended, and the bill died with it.
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Apr 12, 2010
A state agency sent in its estimate of the cost.
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Apr 9, 2010
Sent to the Assembly Committee on Rules.
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Mar 17, 2010
Sent to the Assembly Committee on Ways and Means.
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Mar 17, 2010
Introduced in the Assembly.
See the official record, word for word Hide the official record
- Mar 17, 2010 · Assembly
Introduced by Representatives Davis, Nygren, Brooks, Gunderson, Kerkman, Knodl, LeMahieu, Lothian, Murtha, Petersen, Petrowski, Roth, Spanbauer, Suder, Tauchen, Townsend, Vos, Ziegelbauer, Kaufert and Strachota;Cosponsored by Senators Leibham, Hopper, Harsdorf, Kedzie, A. Lasee, Lazich and Olsen
- Mar 17, 2010 · Assembly
Read first time and referred to committee on Ways and Means
- Apr 9, 2010 · Assembly
Withdrawn from committee on Ways and Means and referred to committee on Rules pursuant to Assembly Rule 42 (3)(c)
- Apr 12, 2010 · 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