Skip to content

Bills · 2011-2012 Regular Session

AB 20

Died at session end Official bill text Atom feed

allowing refunds for the early stage seed and angel investment tax credits and making an appropriation.

  1. Introduced, stopped here
  2. Passes Assembly, not reached
  3. Passes Senate, 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

Under current law, a taxpayer may claim early stage seed and angel investment

income and franchise tax credits for the taxpayer's investments in qualified new

businesses. If the credit amounts exceed the taxpayer's tax liability, the taxpayer

does not receive a refund, but, instead, may apply the amount of the unused credits

to subsequent taxable years. Under this bill, if the credit amounts exceed the

taxpayer's tax liability, the taxpayer receives a refund.

What it would cost

Fiscal estimates filed by state agencies, as official PDFs

Sponsors

Introduced by: Barca (D) , Berceau (D) , Bernard Schaber (D) , Clark (D) , D. Cullen (D) , Danou (D) , Fields (D) , Hebl (D) , Hintz (D) , Jorgensen (D) , Milroy (D) , Molepske Jr (D) , Pasch (D) , Pope-Roberts (D) , Seidel (D) , Shilling (D) , Sinicki (D) , Turner (D) , Vruwink (D)

3 cosponsors

Erpenbach (D) , Lassa (D) , S. Coggs (D)

Votes

Suspending the rules (to take a vote immediately) needs a two-thirds majority — a higher bar than passing the bill, which needs a simple majority. That's why a suspension motion can show more Ayes than the passage vote that follows it. Glossary

Assembly: Refused to suspend rules to withdraw from committee on Jobs, Economy and Small Business and take up, Ayes 37, Noes 60

Failed 37–60 Jun 21, 2011 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Assembly: Report passage recommended by committee on Jobs, Economy and Small Business, Ayes 9, Noes 5

Passed 9–5 Oct 14, 2011 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Full history

  1. Feb 8, 2011 · Assembly

    Introduced by Representatives Barca, Seidel, Hintz, Vruwink, Milroy, Pasch, Molepske Jr, Danou, Turner, Sinicki, Fields, Berceau, Shilling, Clark, Pope-Roberts, Jorgensen, Bernard Schaber, D. Cullen and Hebl;Cosponsored by Senators Lassa, S. Coggs and Erpenbach

  2. Feb 8, 2011 · Assembly

    Read first time and referred to committee on Jobs, Economy and Small Business

  3. Feb 23, 2011 · Assembly

    Fiscal estimate received

  4. Feb 28, 2011 · Assembly

    Fiscal estimate received

  5. Mar 28, 2011 · Assembly

    Fiscal estimate received

  6. Jun 21, 2011 · Assembly

    Refused to suspend rules to withdraw from committee on Jobs, Economy and Small Business and take up, Ayes 37, Noes 60

  7. Oct 4, 2011 · Assembly

    Public hearing held

  8. Oct 11, 2011 · Assembly

    Executive action taken

  9. Oct 11, 2011 · Assembly

    Assembly amendment 1 offered by committee on Jobs, Economy and Small Business

  10. Oct 14, 2011 · Assembly

    Referred to joint committee on Finance

  11. Oct 14, 2011 · Assembly

    Report passage recommended by committee on Jobs, Economy and Small Business, Ayes 9, Noes 5

  12. Mar 23, 2012 · Assembly

    Failed to pass pursuant to Senate Joint Resolution 1