Skip to content
Bills from the 2011–12 session

Assembly Bill 211

An income and franchise tax credit for investments in a community development financial institution

Topics: Corporation: Taxation, Economic Development Corporation, Wisconsin, Financial institution, Franchise: Taxation, Income tax: Credit

Passed the Assembly, then stopped

The Assembly passed it on Sep 13, 2011, but the Senate never voted on it. A bill has to ⁠. To try again, a lawmaker would have to start a new bill.

  1. Introduced, passed

    Aug 2, 2011

  2. Committee, passed

    Approved

  3. Assembly vote, passed

    Passed Sep 13, 2011

  4. Senate vote, stopped here

    Stopped here. The Senate never voted on it.

  5. Governor, not reached

  6. Law, not reached

Latest entry in the official record, Mar 23, 2012: “Failed to concur in pursuant to ⁠”

Read the bill

Following saves it on this device. New actions show on your Following page. You can also get updates in a feed reader.

What it would have done

Summary by the , the Legislature's nonpartisan drafting office. It's their wording, not ours.

Under this bill, the Wisconsin Economic Development Corporation (WEDC) 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, for taxable years beginning after December 31, 2011, and before January 1, 2014, 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 WEDC to register a CDFI that applies to WEDC 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.

WEDC 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. WEDC may certify up to $500,000 in tax credits in any calendar year.

Read the full summary

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.

Who's behind it

14 lawmakers are its ⁠. 10 are Democrats and 4 are Republicans.

3 more lawmakers ⁠.

See all 17 names

Authors (14)

Signed on in support (3)

  • Hulsey, Jorgensen, Grigsby, Mason, Zamarripa, Young, E. Coggs, Zepnick, Hebl, Barca, Milroy, Toles, Pasch, C. Taylor, Bies, Clark, Richards, Danou, Vos, Steinbrink, Krug, Kerkman, Pocan, Bernier, Knilans and Petryk
  • Julie M. Lassa · Democrat, Senate
  • Lena Taylor · Democrat, Senate

What it would cost

State agencies filed a . Each opens as a PDF from the Legislature.

Versions and amendments

Every text the Legislature printed for this bill, including proposed changes. Each opens on the Legislature's site.

How lawmakers voted

There were 3 votes on this bill.

Assembly Committee on Jobs vote on an amendment

Passed, 14 to 1 · Sep 6, 2011

No member-by-member record exists for this vote. Committee votes and some older sessions record totals only.

Official motion: “Report Assembly Amendment 1 adoption recommended by committee on Jobs, Economy and Small Business, Ayes 14, Noes 1”. Official record · This vote on its own page

Assembly vote to pass it

Passed, 92 to 5 · Sep 13, 2011 · 1 didn't vote

See how each of the 98 representatives voted

D: Democrat, I: Independent, R: Republican

Yes (92)

Didn't vote (1)

Official motion: “Read a third time and passed, Ayes 92, Noes 5”. Official record · This vote on its own page

Senate Committee on Economic Development and Veterans and Military Affairs vote to recommend it

Passed, 7 to 0 · Oct 5, 2011

No member-by-member record exists for this vote. Committee votes and some older sessions record totals only.

Official motion: “Report concurrence recommended by committee on Economic Development and Veterans and Military Affairs, Ayes 7, Noes 0”. Official record · This vote on its own page

What happened

  1. Mar 23, 2012

    The session ended, and the bill died with it.

  2. Oct 5, 2011

    The committee voted to recommend passing it, 7 to 0.

  3. Oct 5, 2011

    A state agency sent in its estimate of the cost.

  4. Sep 27, 2011

    The committee held a public hearing.

  5. Sep 14, 2011

    Sent to the Senate Committee on Economic Development and Veterans and Military Affairs.

  6. Sep 14, 2011

    The Senate received it.

  7. Sep 13, 2011

    26 more representatives signed on in support.

  8. Sep 13, 2011

    The Assembly passed it, 92 to 5.

  9. Sep 13, 2011

    The Assembly adopted it.

  10. Sep 13, 2011

    “Withdrawn from joint committee on Finance and taken up” (the official wording)

  11. Sep 13, 2011

    Sent to the Joint Committee on Finance.

  12. Sep 6, 2011

    Sent to the Assembly Committee on Rules.

  13. Sep 6, 2011

    The committee voted to recommend passing it, 14 to 1.

  14. Aug 9, 2011

    The committee held a public hearing.

  15. Aug 3, 2011

    A state agency sent in its estimate of the cost.

  16. Aug 2, 2011

    Sent to the Assembly Committee on Jobs, Economy and Small Business.

  17. Aug 2, 2011

    Introduced in the Assembly.

See the official record, word for word
  1. Aug 2, 2011 · Assembly

    Introduced by Representatives Molepske Jr, Williams, Vruwink, Brooks, T. Larson, Spanbauer, Doyle, Bernard Schaber, Berceau, Ringhand, Fields, Bewley, Turner and Pope-Roberts;Cosponsored by Senators Lassa and Taylor

  2. Aug 2, 2011 · Assembly

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

  3. Aug 3, 2011 · Assembly

    Fiscal estimate received

  4. Aug 9, 2011 · Assembly

    Public hearing held

  5. Sep 2, 2011 · Assembly

    Assembly amendment 1 offered by Representatives Molepske Jr and Williams

  6. Sep 2, 2011 · Assembly

    Assembly amendment 2 offered by Representative Molepske Jr

  7. Sep 6, 2011 · Assembly

    Assembly amendment 3 offered by Representative Kapenga

  8. Sep 6, 2011 · Assembly

    Executive action taken

  9. Sep 6, 2011 · Assembly

    Report Assembly Amendment 1 adoption recommended by committee on Jobs, Economy and Small Business, Ayes 14, Noes 1

  10. Sep 6, 2011 · Assembly

    Report Assembly Amendment 2 adoption recommended by committee on Jobs, Economy and Small Business, Ayes 15, Noes 0

  11. Sep 6, 2011 · Assembly

    Report Assembly Amendment 3 adoption recommended by committee on Jobs, Economy and Small Business, Ayes 15, Noes 0

  12. Sep 6, 2011 · Assembly

    Report passage as amended recommended by committee on Jobs, Economy and Small Business, Ayes 14, Noes 1

  13. Sep 6, 2011 · Assembly

    Referred to committee on Rules

  14. Sep 8, 2011 · Assembly

    Placed on calendar 9-13-2011 by committee on Rules

  15. Sep 13, 2011 · Assembly

    Read a second time

  16. Sep 13, 2011 · Assembly

    Referred to joint committee on Finance

  17. Sep 13, 2011 · Assembly

    Withdrawn from joint committee on Finance and taken up

  18. Sep 13, 2011 · Assembly

    Assembly amendment 1 adopted

  19. Sep 13, 2011 · Assembly

    Assembly amendment 2 adopted

  20. Sep 13, 2011 · Assembly

    Assembly amendment 3 adopted

  21. Sep 13, 2011 · Assembly

    Assembly amendment 4 offered by Representatives Barca, Roys, Clark, Berceau, Bernard Schaber, Bewley, E. Coggs, D. Cullen, Danou, Doyle, Grigsby, Hebl, Hintz, Hulsey, Jorgensen, Kessler, Mason, Milroy, Molepske Jr, Pasch, Pocan, Pope-Roberts, Radcliffe, Richards, Ringhand, Seidel, Sinicki, Staskunas, Tauchen, Toles, Turner, Vruwink, Young, Zamarripa and Zepnick

  22. Sep 13, 2011 · Assembly

    Assembly amendment 4 adopted

  23. Sep 13, 2011 · Assembly

    Ordered to a third reading

  24. Sep 13, 2011 · Assembly

    Rules suspended

  25. Sep 13, 2011 · Assembly

    Read a third time and passed, Ayes 92, Noes 5

  26. Sep 13, 2011 · Assembly

    Representatives Hulsey, Jorgensen, Grigsby, Mason, Zamarripa, Young, E. Coggs, Zepnick, Hebl, Barca, Milroy, Toles, Pasch, C. Taylor, Bies, Clark, Richards, Danou, Vos, Steinbrink, Krug, Kerkman, Pocan, Bernier, Knilans and Petryk added as coauthors

  27. Sep 13, 2011 · Assembly

    Ordered immediately messaged

  28. Sep 14, 2011 · Senate

    Received from Assembly

  29. Sep 14, 2011 · Senate

    Read first time and referred to committee on Economic Development and Veterans and Military Affairs

  30. Sep 27, 2011 · Senate

    Public hearing held

  31. Oct 5, 2011 · Senate

    Fiscal estimate received

  32. Oct 5, 2011 · Senate

    Executive action taken

  33. Oct 5, 2011 · Senate

    Report concurrence recommended by committee on Economic Development and Veterans and Military Affairs, Ayes 7, Noes 0

  34. Oct 5, 2011 · Senate

    Available for scheduling

  35. Mar 23, 2012 · Senate

    Failed to concur in pursuant to Senate Joint Resolution 1

Terms on this page

Second chamber's vote

A bill has to pass both the Assembly and the Senate in the same form before it goes to the governor.

Official term: Concurrence. More in the glossary

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

Roll call

A vote where each lawmaker's yes or no is recorded by name.

Official term: Roll call vote. More in the glossary

From the Wisconsin Legislature's official record, checked Sep 15, 2026. See the source

Second chamber's vote

A bill has to pass both the Assembly and the Senate in the same form before it goes to the governor.

Official term: Concurrence

More in the glossary

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

Roll call

A vote where each lawmaker's yes or no is recorded by name.

Official term: Roll call vote

More in the glossary