Assembly Bill 60
Creation of a category of limited liability company identified as a low-profit limited liability company
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
Feb 23, 2015
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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 13, 2016: “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
What it would have done
Summary by the , the Legislature's nonpartisan drafting office. It's their wording, not ours.
This bill allows an entity operated for profit and organized as a limited liability company (LLC) to become a low-profit LLC by stating in its articles of organization that it is a low-profit LLC. However, to qualify as a low-profit LLC, an LLC must significantly further the accomplishment of one or more charitable or educational purposes, cannot have the production of income or appreciation of property as its primary purpose, and cannot have any political or legislative purpose. In general, provisions of law applicable to LLCs also apply to low-profit LLCs, although one of the permissible identifiers in the name of a low-profit LLC is "L3C" instead of "LLC."
Who's behind it
21 lawmakers are its . 12 are Democrats and 9 are Republicans.
4 more lawmakers .
See all 25 names Hide the names
Authors (21)
- Peter Barca · Democrat, Assembly
- Terese Berceau · Democrat, Assembly
- Chris Taylor · Democrat, Assembly
- Eric Genrich · Democrat, Assembly
- Evan Goyke · Democrat, Assembly
- Dianne Hesselbein · Democrat, Senate
- Gordon Hintz · Democrat, Assembly
- LaTonya Johnson · Democrat, Senate
- Joel Kleefisch · Republican, Assembly
- Dan Knodl · Republican, Assembly
- Dean Knudson · Republican, Assembly
- Debra Kolste · Democrat, Assembly
- Dale Kooyenga · Republican, Senate
- Jesse Kremer · Republican, Assembly
- Bob Kulp · Republican, Assembly
- John Macco · Republican, Assembly
- Romaine Quinn · Republican, Senate
- Joe Sanfelippo · Republican, Assembly
- Mark Spreitzer · Democrat, Senate
- Lisa Subeck · Democrat, Assembly
- JoCasta Zamarripa · Democrat, Assembly
Signed on in support (4)
- Alberta Darling · Republican, Senate
- Dave Hansen · Democrat, Senate
- Luther S. Olsen · Republican, Senate
- Van Wanggaard · Republican, Senate
What happened
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Apr 13, 2016
The session ended, and the bill died with it.
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Feb 23, 2015
Sent to the Assembly Committee on Financial Institutions.
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Feb 23, 2015
Introduced in the Assembly.
See the official record, word for word Hide the official record
- Feb 23, 2015 · Assembly
Introduced by Representatives Kooyenga, Genrich, Macco, Johnson, Goyke, Knudson, Sanfelippo, Subeck, Kleefisch, C. Taylor, Kulp, Kolste, Quinn, Knodl, Hesselbein, Barca, Berceau, Kremer, Zamarripa, Spreitzer and Hintz; cosponsored by Senators Darling, Wanggaard, Hansen and Olsen
- Feb 23, 2015 · Assembly
Read first time and referred to Committee on Financial Institutions
- Apr 13, 2016 · 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
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