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Bills · Sep 2011 Special Session

AB 15

Died at session end Official bill text Atom feed

allowing refunds for the early stage seed and angel investment tax credits and making an appropriation.

  1. Introduced, stopped here
  2. Passes Assembly, not reached
  3. Passes Senate, 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

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.

What it would cost

Fiscal estimates filed by state agencies, as official PDFs

Sponsors

Introduced by: Committee on Assembly Organization , Representative Barca , Senator Lassa , by request of Governor Scott Walker

2 cosponsors

Barca (D) , Lassa (D)

Votes

Assembly: Refused to withdraw from committee on Jobs, Economy and Small Business and take up, Ayes 36, Noes 59

Failed 36–59 Nov 3, 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. Oct 11, 2011 · Assembly

    Introduced by committee on Assembly Organization, by request of Governor Scott Walker, Representative Barca, and Senator Lassa

  2. Oct 11, 2011 · Assembly

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

  3. Oct 11, 2011 · Assembly

    Representative Barca added as a coauthor

  4. Oct 11, 2011 · Assembly

    Senator Lassa added as a cosponsor

  5. Oct 24, 2011 · Assembly

    Fiscal estimate received

  6. Nov 3, 2011 · Assembly

    Refused to withdraw from committee on Jobs, Economy and Small Business and take up, Ayes 36, Noes 59

  7. Dec 13, 2011 · Assembly

    Failed to pass pursuant to Senate Joint Resolution 1