Assembly Bill 85
Restoring the treatment of the exclusion of capital gains for individuals and certain other persons that existed before the enactment of 2009 Wisconsin Act 28
Topics: Capital gains tax, Legislature: Tax Exemptions, Joint Survey Committee on
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
Apr 7, 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 current law, as affected by the 2009-11 biennial budget act, there is an income tax exclusion for individuals, fiduciaries, members of limited liability companies and partnerships, and shareholders of tax-option corporations for 30 percent of the net long-term capital gains realized from the sale of assets held more than one year and the sale of all assets acquired from a decedent, and an exclusion for 60 percent of such gains realized from the sale of farm assets held more than one year and the sale of all farm assets acquired from a decedent.
This bill reverses the changes made to the taxation of capital gains in the 2009-11 biennial budget act and restores the income tax exclusion for capital gains to 60 percent of the net long-term capital gains realized from the sale of assets held more than one year and the sale of all assets acquired from a decedent and repeals the separate 60 percent exclusion for farm assets.
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
13 lawmakers are its . 12 are Republicans and 1 is a Independent.
5 more lawmakers .
See all 18 names Hide the names
Authors (13)
- Tyler August · Republican, Assembly
- Garey Bies · Republican, Assembly
- Edward Brooks · Republican, Assembly
- Dean Kaufert · Republican, Assembly
- Daniel LeMahieu · Republican, Assembly
- Jeff Mursau · Republican, Assembly
- Steve Nass · Republican, Senate
- John Nygren · Republican, Assembly
- Warren Petryk · Republican, Assembly
- Roger Rivard · Republican, Assembly
- Richard Spanbauer · Republican, Assembly
- Jeremy Thiesfeldt · Republican, Assembly
- Bob Ziegelbauer · Independent, Assembly
Signed on in support (5)
- André Jacque · Republican, Senate
- Frank G. Lasee · Republican, Senate
- Joe Leibham · Republican, Senate
- Dale Schultz · Republican, Senate
- Van Wanggaard · 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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May 3, 2011
A state agency sent in its estimate of the cost.
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Apr 12, 2011
1 more representative signed on in support.
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Apr 7, 2011
Sent to the Assembly Committee on Jobs, Economy and Small Business.
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Apr 7, 2011
Introduced in the Assembly.
See the official record, word for word Hide the official record
- Apr 7, 2011 · Assembly
Introduced by Representatives Ziegelbauer, August, Bies, Brooks, Kaufert, LeMahieu, Mursau, Nass, Nygren, Petryk, Rivard, Spanbauer and Thiesfeldt;Cosponsored by Senators Leibham, Lasee, Schultz and Wanggaard
- Apr 7, 2011 · Assembly
Read first time and referred to committee on Jobs, Economy and Small Business
- Apr 12, 2011 · Assembly
Representative Jacque added as a coauthor
- May 3, 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