Assembly Bill 318
Creating tax-advantaged first-time home buyer accounts. (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
Jun 27, 2019
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Committee, stopped here
Stopped here. No public hearing was held.
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Assembly vote, not reached
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Senate vote, not reached
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Governor, not reached
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Law, not reached
Latest entry in the official record, Apr 1, 2020: “Failed to pass pursuant to ”
It never got a hearing in the Assembly Committee on Ways and Means. 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 creates a tax-advantaged first-time home buyers savings account.
Under the bill, an individual may create the account and must designate a beneficiary of the account, which may be the account holder. The beneficiary must be an individual who is a first-time home buyer, which is defined as someone who resides in this state and has not owned or purchased a single-family residence during the 36 months before the month in which the individual purchases the residence in this state. An account holder may withdraw funds from the account to pay the down payment and eligible closing costs for the purchase of a single-family residence in this state by the beneficiary or to reimburse the beneficiary for eligible costs. The account holder may not use funds from the account to pay any expenses he or she incurs in administering the account, although the financial institution may deduct a service fee from the account.
Read the full summary Show less
Beginning in taxable year 2020, annually, an account holder may subtract from his or her federal adjusted gross income (FAGI) up to $5,000, or $10,000 if the account holder files a joint income tax return, of the amount he or she contributes to an account, as well as any gain that is redeposited into the account. An account holder may not claim a subtraction for more than a total of $50,000 of deposits into an account for each beneficiary.
Because this bill relates to an exemption from state or local taxes, it may be referred to the Joint Survey Committee on Tax Exemptions for a report to be printed as an appendix to the bill.
Who's behind it
16 lawmakers are its . All 16 are Republicans.
1 more lawmaker .
See all 17 names Hide the names
Authors (16)
- Mark Born · Republican, Assembly
- Janel Brandtjen · Republican, Assembly
- Barbara Dittrich · Republican, Assembly
- Mary Felzkowski · Republican, Senate
- Cody Horlacher · Republican, Assembly
- Mike Kuglitsch · Republican, Assembly
- Bob Kulp · Republican, Assembly
- Tony Kurtz · Republican, Assembly
- Gae Magnafici · Republican, Assembly
- Dave Murphy · Republican, Assembly
- John Nygren · Republican, Assembly
- Rob Summerfield · Republican, Assembly
- Jeremy Thiesfeldt · Republican, Assembly
- Chuck Wichgers · Republican, Assembly
- Bob Wittke · Republican, Assembly
- Shannon Zimmerman · Republican, Assembly
Signed on in support (1)
- Tip McGuire · Democrat, Assembly
What it would cost
State agencies filed a . Each opens as a PDF from the Legislature.
What happened
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Apr 1, 2020
The session ended, and the bill died with it.
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Aug 14, 2019
1 more representative signed on in support.
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Jul 9, 2019
A state agency sent in its estimate of the cost.
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Jun 27, 2019
Sent to the Assembly Committee on Ways and Means.
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Jun 27, 2019
Introduced in the Assembly.
See the official record, word for word Hide the official record
- Jun 27, 2019 · Assembly
Introduced by Representatives Murphy, Summerfield, Zimmerman, Magnafici, Kulp, Dittrich, Nygren, Horlacher, Felzkowski, Thiesfeldt, Wittke, Kuglitsch, Kurtz, Born, Wichgers and Brandtjen
- Jun 27, 2019 · Assembly
Read first time and referred to Committee on Ways and Means
- Jul 9, 2019 · Assembly
Fiscal estimate received
- Aug 14, 2019 · Assembly
Representative McGuire added as a coauthor
- Apr 1, 2020 · Assembly
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