Assembly Bill 225
Federalizing the treatment of capital losses
Topics: Income tax, Legislature: Tax Exemptions, Joint Survey Committee on
Stopped in committee
It had a but no committee vote, 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
Aug 25, 2011
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Committee, stopped here
Stopped here. It had a hearing but no committee vote.
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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 sat with the Assembly Committee on Jobs, Economy and Small Business.
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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 current law, the maximum amount of a capital loss that may be deducted from income each year is $500; the federal limit is $3,000.
For taxable years beginning on January 1, 2012, this bill federalizes the treatment of capital losses by eliminating the $500 annual limit on capital loss deductions.
Read the full summary Show less
Because this bill relates to an exemption from state or local taxes, it may be referred to the Joint Survey Committee on Tax Exemptions for a report to be printed as an appendix to the bill.
Who's behind it
5 lawmakers are its . 4 are Republicans and 1 is a Independent.
5 more lawmakers .
See all 10 names Hide the names
Authors (5)
- Jim Ott · Republican, Assembly
- André Jacque · Republican, Senate
- Daniel LeMahieu · Republican, Assembly
- Richard Spanbauer · Republican, Assembly
- Bob Ziegelbauer · Independent, Assembly
Signed on in support (5)
- Pam Galloway · Republican, Senate
- Glenn Grothman · Republican, Senate
- Neal Kedzie · Republican, Senate
- Frank G. Lasee · Republican, Senate
- Dale Schultz · Republican, 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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Mar 8, 2012
The committee held a public hearing.
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Nov 2, 2011
A state agency sent in its estimate of the cost.
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Sep 8, 2011
A state agency sent in its estimate of the cost.
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Aug 25, 2011
Sent to the Assembly Committee on Jobs, Economy and Small Business.
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Aug 25, 2011
Introduced in the Assembly.
See the official record, word for word Hide the official record
- Aug 25, 2011 · Assembly
Introduced by Representatives J. Ott, Ziegelbauer, Spanbauer, Jacque and LeMahieu;Cosponsored by Senators Kedzie, Galloway, Grothman, Schultz and Lasee
- Aug 25, 2011 · Assembly
Read first time and referred to committee on Jobs, Economy and Small Business
- Sep 8, 2011 · Assembly
Fiscal estimate received
- Nov 2, 2011 · Assembly
Fiscal estimate received
- Mar 8, 2012 · Assembly
Public hearing held
- 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