Assembly Bill 63
An income and franchise tax credit for investments in a community development financial institution. (FE)
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
Mar 7, 2013
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Committee, stopped here
Stopped here. No public hearing was held.
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Assembly vote, not reached
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Senate vote, not reached
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Governor, not reached
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Law, not reached
Latest entry in the official record, Apr 8, 2014: “Failed to pass pursuant to ”
It never got a hearing in the Assembly Committee on Financial Institutions. 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
Roll call
A vote where each lawmaker's yes or no is recorded by name.
Official term: Roll call vote. 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 this bill, the Wisconsin Economic Development Corporation (WEDC) may certify a person who makes a qualified investment in a registered community development financial institution (CDFI) to receive a credit against state income and franchise taxes, for taxable years beginning after December 31, 2012, and before January 1, 2015, and against license fees paid by insurers. The bill defines a CDFI as an entity that is organized under the laws of this state and has been certified by the Community Development Financial Institutions Fund established under federal law (fund) as meeting certain eligibility requirements. The bill permits WEDC to register a CDFI that applies to WEDC and complies with annual reporting requirements. The bill defines a "qualified investment" as a loan or deposit that pays no interest of at least $10,000 that is made for a minimum of 60 months and over which the CDFI retains complete control for the duration of the investment period.
WEDC may revoke the registration of a CDFI that fails to comply with annual reporting requirements or that no longer meets the eligibility requirement for certification by the fund. WEDC may certify up to $1,000,000 in tax credits in any calendar year.
Read the full summary Show less
A person certified to receive tax credits may claim 10 percent of the person's qualified investment, if the investment is at least $10,000, but not more than $150,000, or 12 percent of the person's qualified investment, if the investment is more than $150,000, but not more than $500,000. If the person withdraws the qualified investment from the CDFI before the end of the investment period and does not reinvest the qualified investment in another CDFI, the person must repay a portion of the credit amounts that the person received by adding the portion to the person's tax or fee liability in a subsequent year. However, the portion that the person must repay depends on when the person withdraws the investment during the investment period. The portion that the person must repay decreases the longer the person holds the investment during the investment period.
Who's behind it
14 lawmakers are its . All 14 are Democrats.
7 more lawmakers .
See all 21 names Hide the names
Authors (14)
- Peter Barca · Democrat, Assembly
- Mandela Barnes · Democrat, Assembly
- Terese Berceau · Democrat, Assembly
- Penny Bernard Schaber · Democrat, Assembly
- Janet Bewley · Democrat, Senate
- Jill Billings · Democrat, Assembly
- Dianne Hesselbein · Democrat, Senate
- Andy Jorgensen · Democrat, Assembly
- Robb Kahl · Democrat, Assembly
- Tod Ohnstad · Democrat, Assembly
- Sondy Pope · Democrat, Assembly
- Katrina Shankland · Democrat, Assembly
- Christine Sinicki · Democrat, Assembly
- Amy Sue Vruwink · Democrat, Assembly
Signed on in support (7)
- Chris Larson · Democrat, Senate
- Jon Erpenbach · Democrat, Senate
- Dave Hansen · Democrat, Senate
- Nikiya Harris Dodd · Democrat, Senate
- Julie M. Lassa · Democrat, Senate
- Mark Miller · Democrat, Senate
- Jennifer Shilling · Democrat, Senate
What it would cost
State agencies filed a . Each opens as a PDF from the Legislature.
How lawmakers voted
There was one vote on this bill. Taking a bill up right away needs two-thirds of the members, a higher bar than passing it, so that vote can draw more yeses than the final one.
Assembly vote to take it up right away
Failed, 39 to 58 · Apr 17, 2013
No member-by-member record exists for this vote. Committee votes and some older sessions record totals only.
Official motion: “Refused to suspend rules to withdraw from committee on Financial Institutions and take up, Ayes 39, Noes 58”. Official record · This vote on its own page
What happened
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Apr 8, 2014
The session ended, and the bill died with it.
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Mar 22, 2013
A state agency sent in its estimate of the cost.
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Mar 19, 2013
A state agency sent in its estimate of the cost.
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Mar 7, 2013
Sent to the Assembly Committee on Financial Institutions.
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Mar 7, 2013
Introduced in the Assembly.
See the official record, word for word Hide the official record
- Mar 7, 2013 · Assembly
Introduced by Representatives Vruwink, Shankland, Bewley, Jorgensen, Barca, Kahl, Billings, Berceau, Pope, Ohnstad, Bernard Schaber, Barnes, Sinicki and Hesselbein; cosponsored by Senators Lassa, Shilling, Erpenbach, C. Larson, Miller, Hansen and Harris
- Mar 7, 2013 · Assembly
Read first time and referred to Committee on Financial Institutions
- Mar 19, 2013 · Assembly
Fiscal estimate received
- Mar 22, 2013 · Assembly
Fiscal estimate received
- Apr 17, 2013 · Assembly
Refused to suspend rules to withdraw from committee on Financial Institutions and take up, Ayes 39, Noes 58
- Apr 8, 2014 · Assembly
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
Roll call
A vote where each lawmaker's yes or no is recorded by name.
Official term: Roll call vote. 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
Roll call
A vote where each lawmaker's yes or no is recorded by name.
Official term: Roll call vote