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Bills · 2017-2018 Regular Session

SB 75

Became law Official bill text Atom feed

Relating to: creating a corporate income and franchise tax credit for amounts contributed by an employer into an employee's college savings account. (FE)

Corporation — Taxation Employment Franchise — Taxation Income tax — Credit Scholarships and loans

  1. Introduced, completed
  2. Passes Senate, completed
  3. Passes Assembly, completed
  4. Governor signs, completed
  5. Law, completed

Unfamiliar terms? Glossary

What this bill does

Plain-language analysis by the nonpartisan Legislative Reference Bureau

This bill creates a nonrefundable corporate income and franchise tax credit for

certain amounts contributed by an employer into an employee's college savings

account. The credit is nonrefundable, meaning that it may be claimed only up to the

amount of the corporation's income or franchise tax liability.

What it would cost

Fiscal estimates filed by state agencies, as official PDFs

Sponsors

Introduced by: Feyen (R) , Lasee (R) , Olsen (R) , Testin (R) , Wanggaard (R)

9 cosponsors

Allen (R) , Anderson (D) , Horlacher (R) , Kerkman (R) , Kleefisch (R) , Kremer (R) , R. Brooks (R) , Skowronski (R) , Thiesfeldt (R)

Votes

Senate: Report adoption of Senate Amendment 1 recommended by Committee on Revenue, Financial Institutions and Rural Issues, Ayes 5, Noes 0

Passed 5–0 Oct 11, 2017 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Senate: Report passage as amended recommended by Committee on Revenue, Financial Institutions and Rural Issues, Ayes 4, Noes 1

Passed 4–1 Oct 11, 2017 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Senate: PASSAGE

Passed 28–5 Oct 31, 2017 official source full page

Assembly: Report concurrence recommended by Committee on Ways and Means, Ayes 8, Noes 3

Passed 8–3 Jan 24, 2018 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Assembly: Assembly Amendment 1 laid on table, Ayes 60, Noes 35

Passed 60–35 Feb 20, 2018 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. Feb 21, 2017 · Senate

    Introduced by Senators Feyen, Testin, Lasee, Olsen and Wanggaard; cosponsored by Representatives Kremer, Horlacher, Skowronski, Allen, R. Brooks, Thiesfeldt, Anderson, Kleefisch and Kerkman

  2. Feb 21, 2017 · Senate

    Read first time and referred to Committee on Revenue, Financial Institutions and Rural Issues

  3. Mar 2, 2017 · Senate

    Fiscal estimate received

  4. May 17, 2017 · Senate

    Senate Amendment 1 offered by Senator Feyen

  5. May 24, 2017 · Senate

    Public hearing held

  6. Oct 11, 2017 · Senate

    Executive action taken

  7. Oct 11, 2017 · Senate

    Report adoption of Senate Amendment 1 recommended by Committee on Revenue, Financial Institutions and Rural Issues, Ayes 5, Noes 0

  8. Oct 11, 2017 · Senate

    Report passage as amended recommended by Committee on Revenue, Financial Institutions and Rural Issues, Ayes 4, Noes 1

  9. Oct 11, 2017 · Senate

    Available for scheduling

  10. Oct 27, 2017 · Senate

    Placed on calendar 10-31-2017 pursuant to Senate Rule 18(1)

  11. Oct 31, 2017 · Senate

    Read a second time

  12. Oct 31, 2017 · Senate

    Senate Amendment 1 adopted

  13. Oct 31, 2017 · Senate

    Referred to joint committee on Finance

  14. Oct 31, 2017 · Senate

    Rules suspended to withdraw from joint committee on Finance

  15. Oct 31, 2017 · Senate

    Ordered to a third reading

  16. Oct 31, 2017 · Senate

    Rules suspended

  17. Oct 31, 2017 · Senate

    Read a third time and passed, Ayes 28, Noes 5

  18. Oct 31, 2017 · Senate

    Ordered immediately messaged

  19. Oct 31, 2017 · Assembly

    Received from Senate

  20. Nov 14, 2017 · Assembly

    Read first time and referred to committee on Ways and Means

  21. Jan 11, 2018 · Assembly

    Executive action taken

  22. Jan 24, 2018 · Assembly

    Report concurrence recommended by Committee on Ways and Means, Ayes 8, Noes 3

  23. Jan 24, 2018 · Assembly

    Referred to committee on Rules

  24. Feb 15, 2018 · Assembly

    Made a special order of business at 2:23 PM on 2-20-2018 pursuant to Assembly Resolution 26

  25. Feb 20, 2018 · Assembly

    Read a second time

  26. Feb 20, 2018 · Assembly

    Assembly Amendment 1 offered by Representatives Young, Barca, Considine, Pope, Hebl, Ohnstad, Kessler, Subeck, Vruwink, Spreitzer, Hesselbein, Berceau and Genrich

  27. Feb 20, 2018 · Assembly

    Assembly Amendment 1 laid on table, Ayes 60, Noes 35

  28. Feb 20, 2018 · Assembly

    Ordered to a third reading

  29. Feb 20, 2018 · Assembly

    Rules suspended

  30. Feb 20, 2018 · Assembly

    Read a third time and concurred in

  31. Feb 20, 2018 · Assembly

    Ordered immediately messaged

  32. Feb 21, 2018 · Senate

    Received from Assembly concurred in

  33. Mar 2, 2018 · Senate

    Report correctly enrolled

  34. Mar 2, 2018 · Senate

    LRB correction (Senate Amendment 1)

  35. Mar 2, 2018 · Senate

    LRB correction

  36. Apr 2, 2018 · Senate

    Presented to the Governor on 4-2-2018

  37. Apr 3, 2018 · Senate

    Report approved by the Governor on 4-3-2018. 2017 Wisconsin Act 197

  38. Apr 3, 2018 · Senate

    Published 4-4-2018