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Bills · 2015-2016 Regular Session

AB 718

Died at session end Official bill text Atom feed

Relating to: qualified new business venture eligibility. (FE)

Business Corporation — Taxation Economic development corporation, wisconsin

  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

This bill expands eligibility for certain businesses receiving investments that

qualify the investors for tax credits under the angel and early stage seed investment

tax credit programs administered by the Wisconsin Economic Development

Corporation (WEDC). Under current law, certain investors may receive tax credits

under those programs for investments in businesses certified by WEDC as "qualified

new business ventures." WEDC may certify a business as a qualified new business

venture if, among other requirements, for taxable years beginning after December

31, 2010, the business has not received more than $8,000,000 in investments that

qualified for tax credits under the programs. The bill raises that threshold to

$12,000,000 for taxable years beginning after December 31, 2015.

What it would cost

Fiscal estimates filed by state agencies, as official PDFs

Sponsors

Introduced by: Czaja (R) , E. Brooks (R) , Edming (R) , Kahl (D) , Kuglitsch (R) , Petryk (R) , Quinn (R) , R. Brooks (R) , Rohrkaste (R) , Sanfelippo (R) , Schraa (R)

1 cosponsors

Subeck (D)

Votes

Assembly: Report passage recommended by Committee on Jobs and the Economy, Ayes 12, Noes 2

Passed 12–2 Feb 8, 2016 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. Jan 15, 2016 · Assembly

    Introduced by Representatives Kuglitsch, Schraa, Kahl, R. Brooks, Petryk, Czaja, Rohrkaste, Sanfelippo, Quinn, Edming and E. Brooks

  2. Jan 15, 2016 · Assembly

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

  3. Jan 22, 2016 · Assembly

    Representative Subeck added as a coauthor

  4. Jan 27, 2016 · Assembly

    Fiscal estimate received

  5. Jan 27, 2016 · Assembly

    Public hearing held

  6. Feb 3, 2016 · Assembly

    Fiscal estimate received

  7. Feb 4, 2016 · Assembly

    Executive action taken

  8. Feb 8, 2016 · Assembly

    Report passage recommended by Committee on Jobs and the Economy, Ayes 12, Noes 2

  9. Feb 8, 2016 · Assembly

    Referred to committee on Rules

  10. Apr 13, 2016 · Assembly

    Failed to pass pursuant to Senate Joint Resolution 1