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Bills · Jan 2011 Special Session

AB 7

Became law Official bill text Atom feed

an income and franchise tax credit for small businesses.

  1. Introduced, completed
  2. Passes Assembly, completed
  3. Passes Senate, completed
  4. Governor signs, completed
  5. Law, completed

Unfamiliar terms? Glossary

What this bill does

Plain-language analysis by the nonpartisan Legislative Reference Bureau

This bill creates an income and franchise tax credit for small businesses. Under

the bill, a business that has less than $500,000 in gross receipts in the taxable year

may claim as a credit a percentage of the taxpayer's tax liability based on the amount

of the gross receipts that exceed $250,000. If the business has no more than $250,000

in gross receipts in the taxable year, the business may claim a credit equal to 15

percent of its tax liability. Under the bill, the taxpayer does not receive a refund, but

may apply any remaining credit amounts to subsequent taxable years.

What it would cost

Fiscal estimates filed by state agencies, as official PDFs

Sponsors

Introduced by: Committee on Assembly Organization , Representative Vos , Senator Moulton , by request of Governor Scott Walker

2 cosponsors

Moulton (R) , Vos (R)

Votes

Assembly: Report passage recommended by committee on Jobs, Economy and Small Business, Ayes 9, Noes 6

Passed 9–6 Jan 14, 2011 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Assembly: Report Assembly Substitute Amendment 1 adoption recommended by joint committee on Finance, Ayes 12, Noes 4

Passed 12–4 Jan 20, 2011 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Assembly: Assembly amendment 5 to Assembly substitute amendment 1 laid on table, Ayes 58, Noes 36

Passed 58–36 Jan 25, 2011 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Assembly: Assembly amendment 6 to Assembly substitute amendment 1 laid on table, Ayes 61, Noes 33

Passed 61–33 Jan 25, 2011 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Assembly: Assembly substitute amendment 3 laid on table, Ayes 58, Noes 36

Passed 58–36 Jan 25, 2011 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Assembly: Assembly substitute amendment 5 laid on table, Ayes 59, Noes 36

Passed 59–36 Jan 25, 2011 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Assembly: Read a third time and passed, Ayes 60, Noes 33, Paired 2

Passed 60–33 Jan 25, 2011 official source full page

Aye · 60

Not voting · 1

Senate: Read a third time and concurred in, Ayes 25, Noes 8

Passed 25–8 Jan 27, 2011 official source full page

Full history

  1. Jan 11, 2011 · Assembly

    Introduced by committee on Assembly Organization, by request of Governor Scott Walker, Representative Vos, and Senator Moulton

  2. Jan 11, 2011 · Assembly

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

  3. Jan 11, 2011 · Assembly

    Representative Vos added as a coauthor

  4. Jan 11, 2011 · Assembly

    Senator Moulton added as a cosponsor

  5. Jan 11, 2011 · Assembly

    Fiscal estimate received

  6. Jan 11, 2011 · Assembly

    Public hearing held

  7. Jan 13, 2011 · Assembly

    Executive action taken

  8. Jan 14, 2011 · Assembly

    Report passage recommended by committee on Jobs, Economy and Small Business, Ayes 9, Noes 6

  9. Jan 14, 2011 · Assembly

    Referred to joint committee on Finance

  10. Jan 20, 2011 · Assembly

    Assembly substitute amendment 1 offered by joint committee on Finance

  11. Jan 20, 2011 · Assembly

    Assembly substitute amendment 2 offered by joint committee on Finance

  12. Jan 20, 2011 · Assembly

    Assembly amendment 1 to Assembly substitute amendment 1 offered by joint committee on Finance

  13. Jan 20, 2011 · Assembly

    Assembly amendment 2 to Assembly substitute amendment 1 offered by joint committee on Finance

  14. Jan 20, 2011 · Assembly

    Assembly amendment 3 to Assembly substitute amendment 1 offered by joint committee on Finance

  15. Jan 20, 2011 · Assembly

    Assembly amendment 4 to Assembly substitute amendment 1 offered by joint committee on Finance

  16. Jan 20, 2011 · Assembly

    Report Assembly Substitute Amendment 1 adoption recommended by joint committee on Finance, Ayes 12, Noes 4

  17. Jan 20, 2011 · Assembly

    Report passage as amended, with emergency statement attached, pursuant to s. 16.47 (2), Wisconsin Statutes, recommended by joint committee on Finance

  18. Jan 20, 2011 · Assembly

    Referred to committee on Rules

  19. Jan 20, 2011 · Assembly

    Placed on calendar 1-25-2011 by committee on Rules

  20. Jan 20, 2011 · Assembly

    Executive action taken

  21. Jan 25, 2011 · Assembly

    Read a second time

  22. Jan 25, 2011 · Assembly

    Assembly substitute amendment 5 offered by Representatives Young, E. Coggs and Kessler

  23. Jan 25, 2011 · Assembly

    Assembly substitute amendment 5 laid on table, Ayes 59, Noes 36

  24. Jan 25, 2011 · Assembly

    Assembly substitute amendment 4 offered by Representative Hintz

  25. Jan 25, 2011 · Assembly

    Assembly substitute amendment 4 withdrawn and returned to author

  26. Jan 25, 2011 · Assembly

    Assembly substitute amendment 3 offered by Representatives Seidel and Barca

  27. Jan 25, 2011 · Assembly

    Assembly substitute amendment 3 laid on table, Ayes 58, Noes 36

  28. Jan 25, 2011 · Assembly

    Assembly amendment 5 to Assembly substitute amendment 1 offered by Representative Vruwink

  29. Jan 25, 2011 · Assembly

    Assembly amendment 5 to Assembly substitute amendment 1 laid on table, Ayes 58, Noes 36

  30. Jan 25, 2011 · Assembly

    Assembly amendment 6 to Assembly substitute amendment 1 offered by Representative Radcliffe

  31. Jan 25, 2011 · Assembly

    Assembly amendment 6 to Assembly substitute amendment 1 laid on table, Ayes 61, Noes 33

  32. Jan 25, 2011 · Assembly

    Assembly substitute amendment 1 adopted

  33. Jan 25, 2011 · Assembly

    Ordered to a third reading

  34. Jan 25, 2011 · Assembly

    Rules suspended

  35. Jan 25, 2011 · Assembly

    Read a third time and passed, Ayes 60, Noes 33, Paired 2

  36. Jan 25, 2011 · Assembly

    Ordered immediately messaged

  37. Jan 26, 2011 · Senate

    Received from Assembly

  38. Jan 26, 2011 · Senate

    Read first time and referred to committee on Senate Organization

  39. Jan 26, 2011 · Senate

    Available for scheduling

  40. Jan 27, 2011 · Senate

    Rules suspended to withdraw from committee on Senate Organization and take up

  41. Jan 27, 2011 · Senate

    Read a second time

  42. Jan 27, 2011 · Senate

    Ordered to a third reading

  43. Jan 27, 2011 · Senate

    Rules suspended

  44. Jan 27, 2011 · Senate

    Read a third time and concurred in, Ayes 25, Noes 8

  45. Jan 27, 2011 · Senate

    Ordered immediately messaged

  46. Jan 27, 2011 · Assembly

    Received from Senate concurred in

  47. Jan 28, 2011 · Assembly

    Report correctly enrolled

  48. Feb 3, 2011 · Assembly

    Presented to the Governor on 2-3-2011

  49. Feb 4, 2011 · Assembly

    Report approved by the Governor on 2-4-2011. 2011 Wisconsin Act 5

  50. Feb 8, 2011 · Assembly

    Published 2-18-2011