Senate Bill 10
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, and phasing out the taxation of capital gains
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
Jan 21, 2011
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Committee, stopped here
Stopped here. No public hearing was held.
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Senate vote, not reached
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Assembly 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 Senate Committee on Public Health, Human Services, and Revenue. 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 bill, 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.
For taxable year 2012, this bill reverses the changes made to the taxation of capital gains in the 2009-11 biennial budget bill 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
For taxable year 2013, the bill increases this capital gains exclusion to 80 percent, and increases it to 100 percent for taxable year 2014 and beyond.
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 senators are its . All 13 are Republicans.
18 more lawmakers .
See all 31 names Hide the names
Authors (13)
- Alberta Darling · Republican, Senate
- Michael Ellis · Republican, Senate
- Pam Galloway · Republican, Senate
- Randy Hopper · Republican, Senate
- Neal Kedzie · Republican, Senate
- Mary Lazich · Republican, Senate
- Joe Leibham · Republican, Senate
- Terry Moulton · Republican, Senate
- Luther S. Olsen · Republican, Senate
- Dale Schultz · Republican, Senate
- Leah Vukmir · Republican, Senate
- Van Wanggaard · Republican, Senate
- Rich Zipperer · Republican, Senate
Signed on in support (18)
- Garey Bies · Republican, Assembly
- Edward Brooks · Republican, Assembly
- Paul F. Farrow · Republican, Senate
- Mark Honadel · Republican, Assembly
- André Jacque · Republican, Senate
- Chris Kapenga · Republican, Senate
- Dean Kaufert · Republican, Assembly
- Dan Knodl · Republican, Assembly
- Mike Kuglitsch · Republican, Assembly
- Dan Meyer · Republican, Assembly
- Jeff Mursau · Republican, Assembly
- John Nygren · Republican, Assembly
- Keith Ripp · Republican, Assembly
- Roger Rivard · Republican, Assembly
- Richard Spanbauer · Republican, Assembly
- Jeremy Thiesfeldt · Republican, Assembly
- Mary Williams · Republican, Assembly
- Bob Ziegelbauer · Independent, Assembly
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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Feb 16, 2011
A state agency sent in its estimate of the cost.
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Jan 21, 2011
Sent to the Senate Committee on Public Health, Human Services, and Revenue.
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Jan 21, 2011
Introduced in the Senate.
See the official record, word for word Hide the official record
- Jan 21, 2011 · Senate
Introduced by Senators Hopper, Darling, Leibham, Vukmir, Galloway, Zipperer, Wanggaard, Kedzie, Ellis, Moulton, Olsen, Lazich and Schultz;Cosponsored by Representatives Kuglitsch, Thiesfeldt, Ziegelbauer, Williams, Kaufert, Meyer, Bies, Nygren, Mursau, Spanbauer, Brooks, Knodl, Ripp, Jacque, Rivard, Kapenga, Farrow and Honadel
- Jan 21, 2011 · Senate
Read first time and referred to committee on Public Health, Human Services, and Revenue
- Feb 16, 2011 · Senate
Fiscal estimate received
- Mar 23, 2012 · Senate
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