Assembly Bill 186
An income and franchise tax credit for investments in a community development financial institution, increasing the credit amounts for the dairy manufacturing facility, meat processing facility, and food processing facility investment credits, and granting rule-making authority
Topics: Commerce, Department of, Corporation: Taxation, Dairy plants, Financial institution, Food, Franchise: Taxation, Income tax: Credit, Livestock and meat, Warehouse
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
Jun 16, 2011
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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, Mar 23, 2012: “Failed to pass pursuant to ”
It never got a hearing in the Assembly Committee on Jobs, Economy and Small Business. 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 this bill, the Department of Commerce (Commerce) may certify a person who makes a qualified investment in a registered community development financial institution (CDFI) to receive a credit against state income and franchise taxes and against license fees paid by insurers. The bill defines a CDFI as an entity that is organized under the laws of this state and has been certified by the Community Development Financial Institutions Fund established under federal law (fund) as meeting certain eligibility requirements. The bill permits Commerce to register a CDFI that applies to Commerce and complies with annual reporting requirements.
The bill defines a "qualified investment" as a loan or deposit that pays no interest of at least $10,000 that is made for a minimum of 60 months and over which the CDFI retains complete control for the duration of the investment period.
Read the full summary Show less
Commerce may revoke the registration of a CDFI that fails to comply with annual reporting requirements or that no longer meets the eligibility requirement for certification by the fund. Commerce may certify up to $500,000 in tax credits in any calendar year.
A person certified to receive tax credits may claim 10 percent of the person's qualified investment, if the investment is at least $10,000, but not more than $150,000, or 12 percent of the person's qualified investment, if the investment is more than $150,000, but not more than $500,000. If the person withdraws the qualified investment from the CDFI before the end of the investment period and does not reinvest the qualified investment in another CDFI, the person must repay a portion of the credit amounts that the person received by adding the portion to the person's tax or fee liability in a subsequent year. However, the portion that the person must repay depends on when the person withdraws the investment during the investment period. The portion that the person must repay decreases the longer the person holds the investment during the investment period.
Under current law, the maximum amount of dairy manufacturing facility investment credits that may be claimed by all taxpayers, other than members of dairy cooperatives, in a fiscal year is $700,000 and the maximum amount of dairy manufacturing facility investment credits that may be claimed by members of dairy cooperatives in a fiscal year is $700,000.
Under the bill, the maximum amount of dairy manufacturing facility investment credits that may be claimed by all taxpayers, other than members of dairy cooperatives, in a fiscal year is $1,000,000 and the maximum amount of dairy manufacturing facility investment credits that may be claimed by members of dairy cooperatives in a fiscal year is $1,000,000.
Under current law, the maximum amount of meat processing facility investment credits that may be claimed by all taxpayers in a fiscal year is $700,000.
The bill increases the maximum amount of meat processing facility investment credits that may be claimed by all taxpayers in a fiscal year to $1,200,000.
Under current law, for fiscal year beginning on July 1, 2010, the maximum amount of food processing plant and food warehouse investment credits that may be claimed by all taxpayers is $1,200,000. Beginning with fiscal year 2011-12, and in each subsequent fiscal year, the maximum amount of food processing plant and food warehouse investment credits that may be claimed by all taxpayers is $700,000.
Under the bill, the maximum amount of food processing plant and food warehouse investment credits that may be claimed by all taxpayers in a fiscal year is $1,200,000.
Who's behind it
12 lawmakers are its . All 12 are Democrats.
6 more lawmakers .
See all 18 names Hide the names
Authors (12)
- Peter Barca · Democrat, Assembly
- Terese Berceau · Democrat, Assembly
- Fred Clark · Democrat, Assembly
- Steve Doyle · Democrat, Assembly
- Gary Hebl · Democrat, Assembly
- Andy Jorgensen · Democrat, Assembly
- Louis Molepske Jr. · Democrat, Assembly
- Janis Ringhand · Democrat, Senate
- Donna Seidel · Democrat, Assembly
- Jennifer Shilling · Democrat, Senate
- Tony Staskunas · Democrat, Assembly
- Amy Sue Vruwink · Democrat, Assembly
Signed on in support (6)
- Jon Erpenbach · Democrat, Senate
- Dave Hansen · Democrat, Senate
- Jim Holperin · Democrat, Senate
- Julie M. Lassa · Democrat, Senate
- Mark Miller · Democrat, Senate
- Lena Taylor · Democrat, Senate
What it would cost
State agencies filed a . Each opens as a PDF from the Legislature.
What happened
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Mar 23, 2012
The session ended, and the bill died with it.
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Jul 14, 2011
A state agency sent in its estimate of the cost.
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Jul 6, 2011
A state agency sent in its estimate of the cost.
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Jun 28, 2011
A state agency sent in its estimate of the cost.
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Jun 16, 2011
Sent to the Assembly Committee on Jobs, Economy and Small Business.
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Jun 16, 2011
Introduced in the Assembly.
See the official record, word for word Hide the official record
- Jun 16, 2011 · Assembly
Introduced by Representatives Shilling, Clark, Barca, Berceau, Doyle, Hebl, Jorgensen, Molepske Jr, Ringhand, Seidel, Staskunas and Vruwink;Cosponsored by Senators Lassa, Holperin, Hansen, Erpenbach, Miller and Taylor
- Jun 16, 2011 · Assembly
Read first time and referred to committee on Jobs, Economy and Small Business
- Jun 28, 2011 · Assembly
Fiscal estimate received
- Jul 6, 2011 · Assembly
Fiscal estimate received
- Jul 14, 2011 · Assembly
Fiscal estimate received
- Mar 23, 2012 · 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