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Bills · Jan 2011 Special Session

SB 7

Died at session end Official bill text Atom feed

an income and franchise tax credit for small businesses.

  1. Introduced, stopped here
  2. Passes Senate, not reached
  3. Passes Assembly, not reached
  4. Governor signs, not reached
  5. Law, not reached

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 Senate Organization , Representative Vos , Senator Moulton , by request of Governor Scott Walker

4 cosponsors

Honadel, Steineke, Thiesfeldt, Pridemore, Strachota, Nass, Petryk, Spanbauer, LeMahieu and Ziegelbauer , Moulton (R) , Olsen, Leibham, Kedzie, Wirch, Vukmir, Lazich and Schultz , Vos (R)

Votes

Senate: Report introduction and adoption of Senate Amendment 1 recommended by committee on Workforce Development, Small Business, and Tourism, Ayes 5, Noes 0 by committee on Workforce Development, Small Business, and Tourism

Passed 5–0 Jan 13, 2011 official source full page

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

Senate: Report introduction of Senate Amendment 1 to Senate Substitute Amendment 1 recommended by joint committee on Finance, Ayes 16, Noes 0 by joint committee on Finance

Passed 16–0 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.

Full history

  1. Jan 11, 2011 · Senate

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

  2. Jan 11, 2011 · Senate

    Read first time and referred to committee on Workforce Development, Small Business, and Tourism

  3. Jan 11, 2011 · Senate

    Senator Moulton added as a coauthor

  4. Jan 11, 2011 · Senate

    Representative Vos added as a cosponsor

  5. Jan 11, 2011 · Senate

    Senators Olsen, Leibham, Kedzie, Wirch, Vukmir, Lazich and Schultz added as coauthors

  6. Jan 11, 2011 · Senate

    Representatives Honadel, Steineke, Thiesfeldt, Pridemore, Strachota, Nass, Petryk, Spanbauer, LeMahieu and Ziegelbauer added as a cosponsors

  7. Jan 12, 2011 · Senate

    Fiscal estimate received

  8. Jan 12, 2011 · Senate

    Public hearing held

  9. Jan 13, 2011 · Senate

    Report passage as amended recommended by committee on Workforce Development, Small Business, and Tourism, Ayes 5, Noes 0

  10. Jan 13, 2011 · Senate

    Available for scheduling

  11. Jan 13, 2011 · Senate

    Executive action taken

  12. Jan 13, 2011 · Senate

    Report introduction and adoption of Senate Amendment 1 recommended by committee on Workforce Development, Small Business, and Tourism, Ayes 5, Noes 0 by committee on Workforce Development, Small Business, and Tourism

  13. Jan 14, 2011 · Senate

    Referred to joint committee on Finance by committee on Senate Organization pursuant to Senate Rule 41 (1)(e)

  14. Jan 20, 2011 · Senate

    Executive action taken

  15. Jan 20, 2011 · Senate

    Report introduction of Senate Amendment 1 to Senate Substitute Amendment 1 recommended by joint committee on Finance, Ayes 16, Noes 0 by joint committee on Finance

  16. Jan 20, 2011 · Senate

    Report introduction of Senate Amendment 2 to Senate Substitute Amendment 1 recommended by joint committee on Finance, Ayes 16, Noes 0 by joint committee on Finance

  17. Jan 20, 2011 · Senate

    Report introduction of Senate Amendment 3 to Senate Substitute Amendment 1 recommended by joint committee on Finance, Ayes 16, Noes 0 by joint committee on Finance

  18. Jan 20, 2011 · Senate

    Report introduction of Senate Amendment 4 to Senate Substitute Amendment 1 recommended by joint committee on Finance, Ayes 16, Noes 0 by joint committee on Finance

  19. Jan 20, 2011 · Senate

    Report introduction of Senate Substitute Amendment 1 recommended by joint committee on Finance, Ayes 16, Noes 0 by joint committee on Finance

  20. Jan 20, 2011 · Senate

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

  21. Jan 20, 2011 · Senate

    Report introduction of Senate Substitute Amendment 2 recommended by joint committee on Finance, Ayes 16, Noes 0 by joint committee on Finance

  22. Jan 20, 2011 · Senate

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

  23. Jan 20, 2011 · Senate

    Available for scheduling

  24. Jan 25, 2011 · Senate

    Placed on calendar 1-27-2011 pursuant to Senate Rule 18(1)

  25. Jan 27, 2011 · Senate

    LRB correction (Senate Substitute Amendment 1)

  26. Jan 27, 2011 · Senate

    Read a second time

  27. Jan 27, 2011 · Senate

    Laid on the table

  28. Sep 28, 2011 · Senate

    Failed to pass pursuant to Senate Joint Resolution 1