Senate Bill 122
The Wisconsin Small Company Advancement program, requiring the Wisconsin Economic Development Corporation to issue bonds and notes to raise capital for investment by venture capital funds in Wisconsin businesses, allowing refunds for the early stage seed and angel investment tax credits, authorizing positions for the University of Wisconsin, and making appropriations
Topics: Business, Corporation: Taxation, Economic Development Corporation, Wisconsin, Franchise: Taxation, Income tax: Credit, Industrial development, Organization, Miscellaneous, University of Wisconsin: Madison, University of Wisconsin: Milwaukee, University of Wisconsin: Regents
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
Jun 3, 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 Economic Development and Veterans and Military Affairs. 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, 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.
Current law requires the Board of Regents (board) of the University of Wisconsin (UW) System to make grants to the WiSys Technology Foundation, Inc.
Read the full summary Show less
(foundation), for the Wisconsin Small Company Advancement program (program) to provide intellectual property management services to UW-Extension and all institutions and college campuses, except for UW-Madison and UW-Milwaukee.
The amount of each grant must be $250,000, but the board may make a grant only if the foundation secures matching funds from sources other than the state. Current law appropriates a sum sufficient not to exceed $2,000,000 for the grants, as well as for certain administrative costs. This bill changes the appropriation to a sum certain appropriation, and appropriates $1,400,000 in fiscal year 2011-12 and $1,400,000 in fiscal year 2012-13 for the grants and administrative costs.
The bill authorizes faculty, academic advisor, and support staff positions at the UW-Milwaukee School of Public Health and the UW-Milwaukee School of Freshwater Sciences beginning in fiscal year 2012-13, and authorizes faculty positions at the UW-Madison Institute for Discovery beginning on the bill's effective date.
The bill also requires the Wisconsin Economic Development Corporation (corporation) to issue bonds and notes to raise not more than $100,000,000 for investment in Wisconsin businesses on behalf of the corporation by up to ten venture capital funds. The corporation must provide the capital to venture capital funds that agree to invest the capital on behalf of the corporation in Wisconsin businesses in various industry sectors and in different stages of development; to require a business in which the capital is to be invested to raise funds from sources other than the state or the corporation in an amount equal to four times the amount of capital to be invested on behalf of the corporation; and to maintain offices, staff, and investment in this state.
Who's behind it
6 senators are its . All 6 are Democrats.
10 more lawmakers .
See all 16 names Hide the names
Authors (6)
- Chris Larson · Democrat, Senate
- Jon Erpenbach · Democrat, Senate
- Jim Holperin · Democrat, Senate
- Julie M. Lassa · Democrat, Senate
- Mark Miller · Democrat, Senate
- Lena Taylor · Democrat, Senate
Signed on in support (10)
- Peter Barca · Democrat, Assembly
- Terese Berceau · Democrat, Assembly
- Andy Jorgensen · Democrat, Assembly
- Sandy Pasch · Democrat, Assembly
- Janis Ringhand · Democrat, Senate
- Kelda Roys · Democrat, Senate
- Donna Seidel · Democrat, Assembly
- Tony Staskunas · Democrat, Assembly
- John Steinbrink · Democrat, Assembly
- Robert Turner · Democrat, 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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Jul 21, 2011
A state agency sent in its estimate of the cost.
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Jun 27, 2011
A state agency sent in its estimate of the cost.
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Jun 3, 2011
Sent to the Senate Committee on Economic Development and Veterans and Military Affairs.
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Jun 3, 2011
Introduced in the Senate.
See the official record, word for word Hide the official record
- Jun 3, 2011 · Senate
Introduced by Senators Lassa, C. Larson, Taylor, Holperin, Miller and Erpenbach;Cosponsored by Representatives Pasch, Jorgensen, Roys, Barca, Staskunas, Turner, Berceau, Seidel, Ringhand and Steinbrink
- Jun 3, 2011 · Senate
Read first time and referred to committee on Economic Development and Veterans and Military Affairs
- Jun 27, 2011 · Senate
Fiscal estimate received
- Jul 21, 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