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Bills · 2015-2016 Regular Session

SB 111

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 Senate, not reached
  3. Passes Assembly, 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: C. Larson (D) , Carpenter (D) , Harris Dodd (D) , Lassa (D) , Ringhand (D) , Wirch (D)

27 cosponsors

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) , Shankland (D) , Sinicki (D) , Spreitzer (D) , Stuck (D) , Subeck (D) , Wachs (D) , Young (D) , Zamarripa (D)

Full history

  1. Apr 8, 2015 · Senate

    Introduced by Senators Lassa, C. Larson, Ringhand, Harris Dodd, Wirch and Carpenter; cosponsored 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

  2. Apr 8, 2015 · Senate

    Read first time and referred to Committee on Economic Development and Commerce

  3. Apr 17, 2015 · Senate

    Fiscal estimate received

  4. Apr 21, 2015 · Senate

    Fiscal estimate received

  5. Oct 19, 2015 · Senate

    Representative Shankland added as a cosponsor

  6. Apr 13, 2016 · Senate

    Failed to pass pursuant to Senate Joint Resolution 1