Senate Bill 693
An income and franchise tax credit for investments in a community development financial institution. (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.
-
Introduced, passed
Feb 1, 2016
-
Committee, stopped here
Stopped here. No public hearing was held.
-
Senate vote, not reached
-
Assembly vote, not reached
-
Governor, not reached
-
Law, not reached
Latest entry in the official record, Apr 13, 2016: “Failed to pass pursuant to ”
It never got a hearing in the Senate Committee on Revenue, Financial Institutions, and Rural Issues. See every bill that never got a hearing this session.
Following saves it on this device. New actions show on your Following page. You can also get updates in a feed reader.
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.
Under this bill, a person who makes a qualified investment in a registered community development financial institution (CDFI) may receive a credit against state income and franchise taxes, for taxable years beginning after December 31, 2014, and before January 1, 2017, and against license fees paid by insurers. The bill defines a CDFI as an entity that is organized under the laws of this state and has been certified by the Community Development Financial Institutions Fund established under federal law (fund) as meeting certain eligibility requirements.
The bill defines a "qualified investment" as a loan or deposit that pays no interest of at least $10,000 that is made for a minimum of 60 months and over which the CDFI retains complete control for the duration of the investment period.
Read the full summary Show less
A person may claim 10 percent of the person's qualified investment, if the investment is at least $10,000, but not more than $150,000, or 12 percent of the person's qualified investment, if the investment is more than $150,000, but not more than $500,000. If the person withdraws the qualified investment from the CDFI before the end of the investment period and does not reinvest the qualified investment in another CDFI, the person must repay a portion of the credit amounts that the person received by adding the portion to the person's tax or fee liability in a subsequent year. However, the portion that the person must repay depends on when the person withdraws the investment during the investment period. The portion that the person must repay decreases the longer the person holds the investment during the investment period.
Who's behind it
4 senators are its . All 4 are Democrats.
12 more lawmakers .
See all 16 names Hide the names
Authors (4)
- Chris Larson · Democrat, Senate
- Jon Erpenbach · Democrat, Senate
- Nikiya Harris Dodd · Democrat, Senate
- Julie M. Lassa · Democrat, Senate
Signed on in support (12)
- Peter Barca · Democrat, Assembly
- Terese Berceau · Democrat, Assembly
- Dave Considine · Democrat, Assembly
- Chris Danou · Democrat, Assembly
- Steve Doyle · Democrat, Assembly
- Eric Genrich · Democrat, Assembly
- Tod Ohnstad · Democrat, Assembly
- Katrina Shankland · Democrat, Assembly
- Christine Sinicki · Democrat, Assembly
- Mark Spreitzer · Democrat, Senate
- Lisa Subeck · Democrat, Assembly
- Josh Zepnick · Democrat, Assembly
What it would cost
State agencies filed a . Each opens as a PDF from the Legislature.
What happened
-
Apr 13, 2016
The session ended, and the bill died with it.
-
Feb 24, 2016 to Mar 3, 2016
2 more representatives signed on in support.
-
Feb 17, 2016
A state agency sent in its estimate of the cost.
-
Feb 2, 2016
1 more representative signed on in support.
-
Feb 1, 2016
Sent to the Senate Committee on Revenue, Financial Institutions, and Rural Issues.
-
Feb 1, 2016
Introduced in the Senate.
See the official record, word for word Hide the official record
- Feb 1, 2016 · Senate
Introduced by Senators Lassa, Erpenbach, Harris Dodd and C. Larson; cosponsored by Representatives Shankland, Barca, Genrich, Zepnick, Subeck, Berceau, Considine, Ohnstad and Danou
- Feb 1, 2016 · Senate
Read first time and referred to Committee on Revenue, Financial Institutions, and Rural Issues
- Feb 2, 2016 · Senate
Representative Sinicki added as a cosponsor
- Feb 17, 2016 · Senate
Fiscal estimate received
- Feb 24, 2016 · Senate
Representative Spreitzer added as a cosponsor
- Mar 3, 2016 · Senate
Representative Doyle added as a cosponsor
- Apr 13, 2016 · Senate
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