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Bills · 2009-2010 Regular Session

SB 52

Died at session end Official bill text Atom feed

an education tax credit for businesses.

  1. Introduced, stopped here
  2. Passes Senate, not reached
  3. Passes Assembly, not reached
  4. Governor signs, not reached
  5. Law, not reached

Unfamiliar terms? Glossary

What this bill does

Plain-language analysis by the nonpartisan Legislative Reference Bureau

This bill creates an income tax and franchise tax credit for businesses that pay

tuition for an individual to attend a university, college, or technical college. Sole

proprietorships, corporations, and insurers may claim the credit. Partnerships,

limited liability companies, and tax-option corporations compute the credit but pass

it on to the partners, members, and shareholders in proportion to their ownership

interests. The credit is an amount equal to: 1) 50 percent of the tuition paid by a

business for an individual to attend school in a taxable year, if the individual is

enrolled in a degree-granting program; and 2) 75 percent of the tuition paid by a

business for an individual to attend school in a taxable year, if the individual is

enrolled in a degree-granting program and if the individual's taxable income is not

more than 185 percent of the federal poverty line. If the credit claimed by a business

exceeds the business's tax liability, the state will not issue a refund check, but the

business may carry forward any remaining credit to subsequent taxable years.

What it would cost

Fiscal estimates filed by state agencies, as official PDFs

Sponsors

Introduced by: Darling (R) , Harsdorf (R) , Hopper (R) , Kanavas (R) , Kedzie (R) , Lazich (R) , Leibham (R) , Schultz (R)

22 cosponsors

A. Ott (R) , Ballweg (R) , Brooks (R) , Davis (R) , Honadel (R) , Kaufert (R) , Kleefisch (R) , Knodl (R) , Kramer (R) , LeMahieu (R) , Murtha (R) , Nass (R) , Nygren (R) , Petersen (R) , Ripp (R) , Roth (R) , Spanbauer (R) , Strachota (R) , Suder (R) , Townsend (R) , Vos (R) , Zipperer (R)

Full history

  1. Feb 11, 2009 · Senate

    Introduced by Senators Darling, Kanavas, Harsdorf, Hopper, Kedzie, Lazich, Leibham and Schultz;Cosponsored by Representatives Zipperer, Honadel, Ballweg, Brooks, Davis, Kaufert, Kleefisch, Knodl, Kramer, LeMahieu, Murtha, Nass, Nygren, A. Ott, Petersen, Ripp, Roth, Spanbauer, Strachota, Suder, Townsend and Vos

  2. Feb 11, 2009 · Senate

    Read first time and referred to committee on Economic Development

  3. Mar 11, 2009 · Senate

    Fiscal estimate received

  4. Apr 28, 2010 · Senate

    Failed to pass pursuant to Senate Joint Resolution 1