Senate Bill 460
Providing loans, loan guarantees, tax benefits, and procurement preferences to employee-owned companies, establishing a center for employee ownership in the University of Wisconsin System, and granting rule-making authority. (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
Oct 18, 2017
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Committee, stopped here
Stopped here. No public hearing was held.
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Senate vote, not reached
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Assembly vote, not reached
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Governor, not reached
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Law, not reached
Latest entry in the official record, Mar 28, 2018: “Failed to pass pursuant to ”
It never got a hearing in the Senate Committee on Economic Development, Commerce and Local Government. 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 requires the Board of Regents of the University of Wisconsin System to establish and maintain a center for employee ownership to provide education and outreach to inform business owners about the benefits of employee ownership successions, including providing initial consultations to business owners exploring the possibility of transferring full or partial ownership to employees. In addition, the bill requires the Wisconsin Economic Development Corporation to establish an economic development program to make employee ownership loans or loan guarantees to finance an eligible transaction. Under the bill, an “eligible transaction” is the transfer of shares of a corporation or member interests of a limited liability company to an employee stock ownership plan, an employee ownership trust, or a direct share ownership plan.
The bill also provides certain income and franchise tax benefits to an employee-owned business, such as excluding from taxation the income of an employee ownership trust. Under the bill, an employee ownership trust has the exclusive purposes of creating employee ownership by obtaining and holding shares or member interests of an employer and of promoting the financial and nonfinancial interests of all tenured employees. The bill defines “tenured employee” to mean any employee or independent contractor who has provided at least 1,000 hours of service to the employer within the immediately preceding 12-month period.
Read the full summary Show less
Finally, the bill provides that the Department of Administration must attempt to ensure that 5 percent of the total amount expended to procure tangible personal property and services is paid to businesses in which a certain percentage of the employer stock or membership interest is held by an employee stock ownership plan or employee ownership trust or held through a direct share ownership plan.
Who's behind it
5 senators are its . All 5 are Democrats.
8 more lawmakers .
See all 13 names Hide the names
Authors (5)
- Janet Bewley · Democrat, Senate
- Tim Carpenter · Democrat, Senate
- Dave Hansen · Democrat, Senate
- Mark Miller · Democrat, Senate
- Janis Ringhand · Democrat, Senate
Signed on in support (8)
- Jimmy Anderson · Democrat, Assembly
- Terese Berceau · Democrat, Assembly
- Chris Taylor · Democrat, Assembly
- David Crowley · Democrat, Assembly
- Eric Genrich · Democrat, Assembly
- Tod Ohnstad · Democrat, Assembly
- Mark Spreitzer · Democrat, Senate
- Don Vruwink · Democrat, Assembly
What it would cost
State agencies filed a . Each opens as a PDF from the Legislature.
What happened
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Mar 28, 2018
The session ended, and the bill died with it.
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Nov 16, 2017
A state agency sent in its estimate of the cost.
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Oct 31, 2017
A state agency sent in its estimate of the cost.
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Oct 18, 2017
Sent to the Senate Committee on Economic Development, Commerce and Local Government.
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Oct 18, 2017
Introduced in the Senate.
See the official record, word for word Hide the official record
- Oct 18, 2017 · Senate
Introduced by Senators Hansen, Bewley, Carpenter, Miller and Ringhand; cosponsored by Representatives Genrich, Anderson, Berceau, Crowley, Ohnstad, Spreitzer, C. Taylor and Vruwink
- Oct 18, 2017 · Senate
Read first time and referred to Committee on Economic Development, Commerce and Local Government
- Oct 31, 2017 · Senate
Fiscal estimate received
- Nov 16, 2017 · Senate
Fiscal estimate received
- Nov 16, 2017 · Senate
Fiscal estimate received
- Mar 28, 2018 · 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