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Bills · Sep 2011 Special Session

SB 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 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

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 Senate Organization , Representative Barca , Senator Lassa , by request of Governor Scott Walker

2 cosponsors

Barca (D) , Lassa (D)

Full history

  1. Oct 11, 2011 · Senate

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

  2. Oct 11, 2011 · Senate

    Read first time and referred to committee on Public Health, Human Services, and Revenue

  3. Oct 11, 2011 · Senate

    Senator Lassa added as a coauthor

  4. Oct 11, 2011 · Senate

    Representative Barca added as a cosponsor

  5. Oct 19, 2011 · Senate

    Fiscal estimate received

  6. Dec 13, 2011 · Senate

    Failed to pass pursuant to Senate Joint Resolution 1