Assembly Bill 775
The fees for a foreign corporation's certificate of authority, withdrawal of a certificate of authority, and annual report. (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
Jan 22, 2016
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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
Cost estimate
A state agency's estimate of what a bill would cost or save.
Official term: Fiscal estimate. 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 eliminates, for Wisconsin-headquartered foreign corporations meeting certain criteria, the portion of the fee for a certificate of authority to transact business in this state that is based on the amount of the foreign corporation's capital in this state.
Under current law, a foreign corporation may not transact business in this state until it obtains a certificate of authority from the Department of Financial Institutions (DFI). Generally a "foreign corporation" is a for-profit corporation incorporated under the law of another state or country. The fee for an application for a certificate of authority to transact business in this state is $100, plus $3 for every $1,000 of the foreign corporation's capital exceeding $60,000 employed or to be employed in this state (additional capital-based fee). A foreign corporation authorized to transact business in this state must file with DFI an annual report that includes certain information, including information related to the foreign corporation's capital. The fee for the annual report is $65 plus, if the annual report shows a deficiency in the foreign corporation's additional capital-based fee that was previously paid, a fee that makes up for this deficiency. A foreign corporation authorized to transact business in this state may not withdraw from this state until it obtains a certificate of withdrawal from DFI. The application for a certificate of withdrawal must include certain information, including information related to the foreign corporation's capital. The fee for an application for a certificate of withdrawal is $40 plus, if the application shows a deficiency in the foreign corporation's additional capital-based fee that was previously paid, a fee that makes up for this deficiency.
Read the full summary Show less
This bill eliminates, for a foreign corporation that is a qualified new business venture (described below), the additional capital-based fee for a certificate of authority, along with any fee for an annual report or certificate of withdrawal that makes up for a deficiency in the additional capital-based fee. Therefore, under the bill, the fee for a certificate of authority for such a foreign corporation is always $100, and the fees for a certificate of withdrawal and an annual report are always, respectively, $40 and $65. The bill defines a qualified new business venture as a foreign corporation that is certified by the Wisconsin Economic Development Corporation as meeting certain criteria, including all of the following: 1) it has its headquarters in Wisconsin; 2) it has fewer than 100 employees and at least 51 percent of its employees are employed in Wisconsin; 3) it has been in operation in Wisconsin for no more than ten consecutive years; 4) it has the potential for increasing jobs in Wisconsin or increasing capital investment in Wisconsin, or both, and meets other criteria related to innovation or technology.
Who's behind it
16 lawmakers are its . 15 are Republicans and 1 is a Democrat.
1 more lawmaker .
See all 17 names Hide the names
Authors (16)
- Joan Ballweg · Republican, Senate
- Mary Czaja · Republican, Assembly
- Cindi Duchow · Republican, Assembly
- Edward Brooks · Republican, Assembly
- James Edming · Republican, Assembly
- Cody Horlacher · Republican, Assembly
- Robb Kahl · Democrat, Assembly
- Dan Knodl · Republican, Assembly
- Jesse Kremer · Republican, Assembly
- Mike Kuglitsch · Republican, Assembly
- Bob Kulp · Republican, Assembly
- John Murtha · Republican, Assembly
- Romaine Quinn · Republican, Senate
- Rob Brooks · Republican, Assembly
- Michael Schraa · Republican, Assembly
- Gary Tauchen · Republican, Assembly
Signed on in support (1)
- Chris Kapenga · Republican, Senate
What it would cost
State agencies filed a . Each opens as a PDF from the Legislature.
What happened
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Apr 13, 2016
The session ended, and the bill died with it.
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Jan 27, 2016
A state agency sent in its estimate of the cost.
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Jan 22, 2016
Sent to the Assembly Committee on Financial Institutions.
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Jan 22, 2016
Introduced in the Assembly.
See the official record, word for word Hide the official record
- Jan 22, 2016 · Assembly
Introduced by Representatives Kuglitsch, Schraa, Kahl, Tauchen, R. Brooks, Kulp, Czaja, Horlacher, Kremer, Ballweg, Murtha, Quinn, E. Brooks, Edming, Duchow and Knodl; cosponsored by Senator Kapenga
- Jan 22, 2016 · Assembly
Read first time and referred to Committee on Financial Institutions
- Jan 27, 2016 · Assembly
Fiscal estimate received
- 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
Cost estimate
A state agency's estimate of what a bill would cost or save.
Official term: Fiscal estimate. 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