Bills · 2011-2012 Regular Session
an income and franchise tax credit for businesses that purchase goods and services from Wisconsin vendors and making an appropriation.
- Introduced, stopped here
- Passes Assembly, not reached
- Passes Senate, not reached
- Governor signs, not reached
- Law, not reached
Unfamiliar terms? Glossary
What this bill does
Plain-language analysis by the nonpartisan Legislative Reference Bureau
Under current law, a business located in an enterprise zone may claim an
income and franchise tax credit in an amount up to 1 percent of the amount that the
business paid in the taxable year to purchase tangible personal property, goods, or
services from a vendor located in this state. If the credit amount exceeds the tax
liability of the business, the business receives a refund.
Under this bill, a business located in this state, but not in an enterprise zone,
may also claim a credit equal to 1 percent of the amount that the business paid in the
taxable year to purchase tangible personal property, goods, or services from a vendor
located in this state. If the credit amount exceeds the tax liability of the business,
the business receives a refund.
What it would cost
Fiscal estimates filed by state agencies, as official PDFs
Sponsors
Full history
- Feb 4, 2011 · Assembly
Introduced by Representatives Seidel, Barca, Molepske Jr, Turner, Milroy, Fields, Parisi, Hintz, Berceau, Bernard Schaber, Pope-Roberts, Jorgensen and Clark;Cosponsored by Senators Hansen, Holperin and Taylor
- Feb 4, 2011 · Assembly
Read first time and referred to committee on Jobs, Economy and Small Business
- Feb 28, 2011 · Assembly
Fiscal estimate received
- Mar 23, 2012 · Assembly
Failed to pass pursuant to Senate Joint Resolution 1