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Bills · 2017-2018 Regular Session

AB 39

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 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

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: Anderson (D) , Barca (D) , Berceau (D) , Billings (D) , Bowen (D) , Crowley (D) , Doyle (D) , Fields (D) , Goyke (D) , Hebl (D) , Hesselbein (D) , Mason (D) , Meyers (D) , Milroy (D) , Ohnstad (D) , Pope (D) , Sargent (D) , Shankland (D) , Sinicki (D) , Spreitzer (D) , Stuck (D) , Subeck (D) , Vruwink (D) , Wachs (D) , Zamarripa (D)

4 cosponsors

C. Larson (D) , Erpenbach (D) , L. Taylor (D) , Ringhand (D)

Votes

Suspending the rules (to take a vote immediately) needs a two-thirds majority — a higher bar than passing the bill, which needs a simple majority. That's why a suspension motion can show more Ayes than the passage vote that follows it. Glossary

Assembly: Refused to suspend rules to withdraw from committee on Jobs and the Economy and take up, Ayes 34, Noes 62

Failed 34–62 Jun 14, 2017 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 30, 2017 · Assembly

    Introduced by Representatives Barca, Stuck, Hesselbein, Fields, Doyle, Goyke, Anderson, Ohnstad, Crowley, Sinicki, Vruwink, Pope, Wachs, Mason, Berceau, Sargent, Spreitzer, Zamarripa, Bowen, Milroy, Billings, Shankland, Hebl, Meyers and Subeck; cosponsored by Senators Erpenbach, Ringhand, L. Taylor and C. Larson

  2. Jan 30, 2017 · Assembly

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

  3. Feb 15, 2017 · Assembly

    Fiscal estimate received

  4. Apr 14, 2017 · Assembly

    Fiscal estimate received

  5. Jun 14, 2017 · Assembly

    Refused to suspend rules to withdraw from committee on Jobs and the Economy and take up, Ayes 34, Noes 62

  6. Mar 28, 2018 · Assembly

    Failed to pass pursuant to Senate Joint Resolution 1