Senate Bill 353
Federalizing the treatment of capital losses
Topics: Income 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
Oct 16, 2009
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Committee, stopped here
Stopped here. No public hearing was held.
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Senate vote, not reached
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Assembly 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 Senate Committee on Health, Health Insurance, Privacy, Property Tax Relief, and Revenue. 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 the maximum amount of a capital loss that may be deducted from income each year is $500; the federal limit is $3,000.
For taxable years beginning on January 1, 2009, this bill federalizes the treatment of capital losses by eliminating the $500 annual limit on capital loss deductions.
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
4 senators are its . All 4 are Republicans.
24 more lawmakers .
See all 28 names Hide the names
Authors (4)
- Alan Lasee · Republican, Senate
- Alberta Darling · Republican, Senate
- Neal Kedzie · Republican, Senate
- Luther S. Olsen · Republican, Senate
Signed on in support (24)
- Alvin Ott · Republican, Assembly
- Joan Ballweg · Republican, Senate
- Garey Bies · Republican, Assembly
- Scott Gunderson · Republican, Assembly
- Mark Gundrum · Republican, Assembly
- Mark Honadel · Republican, Assembly
- Jim Ott · Republican, Assembly
- Dean Kaufert · Republican, Assembly
- Samantha Kerkman · Republican, Assembly
- Steve Kestell · Republican, Assembly
- Dan Knodl · Republican, Assembly
- Daniel LeMahieu · Republican, Assembly
- Thomas Lothian · Republican, Assembly
- Jeff Mursau · Republican, Assembly
- Steve Nass · Republican, Senate
- John Nygren · Republican, Assembly
- Jerry Petrowski · Republican, Senate
- Keith Ripp · Republican, Assembly
- Richard Spanbauer · Republican, Assembly
- Pat Strachota · Republican, Assembly
- Scott Suder · Republican, Assembly
- John Townsend · Republican, Assembly
- Robin Vos · Republican, Assembly
- Bob Ziegelbauer · Independent, Assembly
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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Oct 24, 2009
A state agency sent in its estimate of the cost.
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Oct 16, 2009
Sent to the Senate Committee on Health, Health Insurance, Privacy, Property Tax Relief, and Revenue.
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Oct 16, 2009
Introduced in the Senate.
See the official record, word for word Hide the official record
- Oct 16, 2009 · Senate
Introduced by Senators Kedzie, Darling, Olsen and A. Lasee;Cosponsored by Representatives J. Ott, Petrowski, Kestell, Gunderson, A. Ott, Kaufert, Ripp, Mursau, Kerkman, LeMahieu, Townsend, Nygren, Gundrum, Honadel, Bies, Spanbauer, Nass, Ballweg, Lothian, Knodl, Ziegelbauer, Suder, Vos and Strachota
- Oct 16, 2009 · Senate
Read first time and referred to committee on Health, Health Insurance, Privacy, Property Tax Relief, and Revenue
- Oct 24, 2009 · Senate
Fiscal estimate received
- Apr 28, 2010 · Senate
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