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Bills · 2015-2016 Regular Session

AB 102

Died at session end Official bill text Atom feed

Relating to: allowing refunds for the early stage seed and angel investment tax credits and making an appropriation. (FE)

Business Economic development corporation, wisconsin Franchise — Taxation Income tax — Credit Income tax — Refund Industrial development

  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: Barca (D) , Barnes (D) , Berceau (D) , Bowen (D) , C. Taylor (D) , Considine (D) , Doyle (D) , Goyke (D) , Hebl (D) , Hintz (D) , Johnson (D) , Jorgensen (D) , Kahl (D) , Kolste (D) , Meyers (D) , Milroy (D) , Ohnstad (D) , Pope (D) , Sargent (D) , Sinicki (D) , Spreitzer (D) , Stuck (D) , Subeck (D) , Wachs (D) , Young (D) , Zamarripa (D)

7 cosponsors

C. Larson (D) , Carpenter (D) , Harris Dodd (D) , Lassa (D) , Ringhand (D) , Shankland (D) , Wirch (D)

Votes

Suspending the rules (to take a vote immediately) needs a two-thirds majority — a higher bar than passing the bill, which needs a simple majority. That's why a suspension motion can show more Ayes than the passage vote that follows it. Glossary

Assembly: Refused to suspend rules to withdraw from committee on Jobs and the Economy and take up, Ayes 36, Noes 61

Failed 36–61 Nov 3, 2015 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. Mar 20, 2015 · Assembly

    Introduced by Representatives Barca, Stuck, Spreitzer, Hebl, Zamarripa, Pope, Jorgensen, Milroy, Hintz, Sinicki, Wachs, Ohnstad, Berceau, Subeck, Considine, Kahl, Kolste, Sargent, C. Taylor, Goyke, Johnson, Barnes, Meyers, Young, Doyle and Bowen; cosponsored by Senators Lassa, C. Larson, Ringhand, Harris Dodd, Wirch and Carpenter

  2. Mar 20, 2015 · Assembly

    Read first time and referred to Committee on Jobs and the Economy

  3. Apr 7, 2015 · Assembly

    Fiscal estimate received

  4. Oct 19, 2015 · Assembly

    Representative Shankland added as a coauthor

  5. Nov 3, 2015 · Assembly

    Refused to suspend rules to withdraw from committee on Jobs and the Economy and take up, Ayes 36, Noes 61

  6. Jan 13, 2016 · Assembly

    Public hearing held

  7. Apr 13, 2016 · Assembly

    Failed to pass pursuant to Senate Joint Resolution 1