Senate Bill 208
Allocation of early stage seed investment credit to offset taxes imposed on insurers. (FE)
Became law
The governor signed it on Nov 26, 2019. It's .
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Introduced, passed
May 15, 2019
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Committee, passed
Approved
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Senate vote, passed
Passed 24 to 9
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Assembly vote, passed
Passed Nov 7, 2019
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Governor, passed
Signed
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Law, here now
2019 Wisconsin Act 61
Latest entry in the official record, Nov 26, 2019: “Published 11-26-2019”
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Terms on this page
Wisconsin Act
The number a bill gets when it becomes law, like 2025 Wisconsin Act 12.
Official term: Act. 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
Roll call
A vote where each lawmaker's yes or no is recorded by name.
Official term: Roll call vote. More in the glossary
What it does
Summary by the , the Legislature's nonpartisan drafting office. It's their wording, not ours.
This bill allows the allocation of the early stage seed investment credit to offset certain taxes imposed on insurers.
Under current law, insurers subject to the premium and gross investment income taxes may claim the early stage seed investment credit to offset them. The credit equals 25 percent of the claimant's investment paid to a fund manager who invests in a new business venture that is certified by the Wisconsin Economic Development Corporation. Under the bill, in the case of a partnership, limited liability company, or tax-option corporation, the 25 percent limitation is determined at the entity level, rather than the claimant level, and may be allocated among the claimants according to the entity's organizational documents. The bill also provides that a partnership, limited liability company, or tax-option corporation may not claim the credit against these taxes, but rather must compute the credit amount that each of its partners, members, or shareholders may claim and notify them of the amount. The partners, members, or shareholders may claim the credit according to their ownership interest or as specially allocated in the entity's organizational documents.
Who's behind it
6 senators are its . 5 are Republicans and 1 is a Democrat.
26 more lawmakers .
See all 32 names Hide the names
Authors (6)
- Rob Cowles · Republican, Senate
- Dan Feyen · Republican, Senate
- Lena Taylor · Democrat, Senate
- Howard Marklein · Republican, Senate
- Luther S. Olsen · Republican, Senate
- Thomas Tiffany · Republican, Senate
Signed on in support (26)
- Janel Brandtjen · Republican, Assembly
- Dave Considine · Democrat, Assembly
- David Crowley · Democrat, Assembly
- Jason Fields · Democrat, Assembly
- Kalan Haywood · Democrat, Assembly
- Rob Hutton · Republican, Senate
- Dale Kooyenga · Republican, Senate
- Scott Krug · Republican, Assembly
- Mike Kuglitsch · Republican, Assembly
- Bob Kulp · Republican, Assembly
- Amy Loudenbeck · Republican, Assembly
- John Macco · Republican, Assembly
- Dave Murphy · Republican, Assembly
- Tod Ohnstad · Democrat, Assembly
- Jim Ott · Republican, Assembly
- Romaine Quinn · Republican, Senate
- Timothy Ramthun · Republican, Assembly
- Mike Rohrkaste · Republican, Assembly
- Christine Sinicki · Democrat, Assembly
- Ken Skowronski · Republican, Assembly
- Gary Tauchen · Republican, Assembly
- Jeremy Thiesfeldt · Republican, Assembly
- Don Vruwink · Democrat, Assembly
- Bob Wittke · Republican, Assembly
- JoCasta Zamarripa · Democrat, Assembly
- Shannon Zimmerman · Republican, Assembly
What it would cost
State agencies filed a . Each opens as a PDF from the Legislature.
How lawmakers voted
There were 4 votes on this bill.
Senate Committee on Agriculture vote to recommend it
Passed, 6 to 3 · Sep 19, 2019
No member-by-member record exists for this vote. Committee votes and some older sessions record totals only.
Official motion: “Report passage recommended by Committee on Agriculture, Revenue and Financial Institutions, Ayes 6, Noes 3”. Official record · This vote on its own page
Senate vote
Passed, 3 to 2 · Nov 1, 2019
No member-by-member record exists for this vote. Committee votes and some older sessions record totals only.
Official motion: “Referred to joint committee on Finance by Committee on Senate Organization pursuant to Senate Rule 41 (1)(e), Ayes 3, Noes 2”. Official record · This vote on its own page
Senate vote
Passed, 3 to 2 · Nov 1, 2019
No member-by-member record exists for this vote. Committee votes and some older sessions record totals only.
Official motion: “Withdrawn from joint committee on Finance and made Available for Scheduling by committee on Senate Organization, pursuant to Senate Rule 41 (1)(e), Ayes 3, Noes 2”. Official record · This vote on its own page
Senate vote to pass it
Passed, 24 to 9 · Nov 5, 2019
See how each of the 33 senators voted Hide the names
D: Democrat, R: Republican
Yes (24)
- Alberta Darling (R, 8)
- André Jacque (R, 1)
- Chris Kapenga (R, 33)
- Dale Kooyenga (R, 5)
- Dan Feyen (R, 20)
- David Craig (R, 28)
- Devin LeMahieu (R, 9)
- Duey Stroebel (R, 20)
- Howard Marklein (R, 17)
- Janet Bewley (D, 25)
- Janis Ringhand (D, 15)
- Jennifer Shilling (D, 32)
- Jerry Petrowski (R, 29)
- Kathleen Bernier (R, 23)
- Lena Taylor (D, 4)
- Luther S. Olsen (R, 14)
- Patrick Testin (R, 24)
- Patty Schachtner (D, 10)
- Rob Cowles (R, 2)
- Roger Roth (R, 19)
- Scott L. Fitzgerald (R, 13)
- Steve Nass (R, 11)
- Thomas Tiffany (R, 12)
- Van Wanggaard (R, 21)
No (9)
- Bob Wirch (D, 22)
- Chris Larson (D, 7)
- Dave Hansen (D, 30)
- Fred A. Risser (D, 26)
- Jeff Smith (D, 31)
- Jon Erpenbach (D, 27)
- LaTonya Johnson (D, 6)
- Mark Miller (D, 16)
- Tim Carpenter (D, 3)
Official motion: “PASSAGE”. Official record · This vote on its own page
What happened
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Nov 26, 2019
The new law was published.
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Nov 26, 2019
The governor signed it. It became 2019 Wisconsin Act 61.
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Nov 19, 2019
Sent to the governor.
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Nov 7, 2019
The Assembly passed it too.
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Nov 5, 2019
“Read first time and referred to calendar of 11-7-2019 pursuant to Assembly Rule 42 (1)(a)” (the official wording)
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Nov 5, 2019
The Assembly received it.
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Nov 5, 2019
The Senate passed it, 24 to 9.
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Nov 1, 2019
“Withdrawn from joint committee on Finance and made Available for Scheduling by committee on Senate Organization, pursuant to Senate Rule 41 (1)(e), Ayes 3, Noes 2” (the official wording)
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Nov 1, 2019
Sent to the Joint Committee on Finance.
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Sep 19, 2019
The committee voted to recommend passing it, 6 to 3.
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Sep 12, 2019
1 more representative signed on in support.
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Aug 20, 2019
The committee held a public hearing.
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May 21, 2019
1 more senator signed on in support.
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May 17, 2019
A state agency sent in its estimate of the cost.
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May 17, 2019
1 more representative signed on in support.
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May 15, 2019
Sent to the Senate Committee on Agriculture, Revenue and Financial Institutions.
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May 15, 2019
Introduced in the Senate.
See the official record, word for word Hide the official record
- May 15, 2019 · Senate
Introduced by Senators Marklein, L. Taylor, Cowles, Feyen, Olsen and Tiffany; cosponsored by Representatives Zimmerman, Fields, Brandtjen, Crowley, Haywood, Hutton, Kuglitsch, Kulp, Krug, Loudenbeck, Macco, Murphy, Ohnstad, Ott, Quinn, Ramthun, Rohrkaste, Sinicki, Skowronski, Tauchen, Thiesfeldt, Vruwink and Zamarripa
- May 15, 2019 · Senate
Read first time and referred to Committee on Agriculture, Revenue and Financial Institutions
- May 17, 2019 · Senate
Representative Considine added as a cosponsor
- May 17, 2019 · Senate
Fiscal estimate received
- May 21, 2019 · Senate
Senator Kooyenga added as a coauthor
- Aug 20, 2019 · Senate
Public hearing held
- Sep 12, 2019 · Senate
Representative Wittke added as a cosponsor
- Sep 18, 2019 · Senate
Executive action taken
- Sep 19, 2019 · Senate
Report passage recommended by Committee on Agriculture, Revenue and Financial Institutions, Ayes 6, Noes 3
- Sep 19, 2019 · Senate
Available for scheduling
- Nov 1, 2019 · Senate
Referred to joint committee on Finance by Committee on Senate Organization pursuant to Senate Rule 41 (1)(e), Ayes 3, Noes 2
- Nov 1, 2019 · Senate
Withdrawn from joint committee on Finance and made Available for Scheduling by committee on Senate Organization, pursuant to Senate Rule 41 (1)(e), Ayes 3, Noes 2
- Nov 1, 2019 · Senate
Placed on calendar 11-5-2019 pursuant to Senate Rule 18(1)
- Nov 5, 2019 · Senate
Read a second time
- Nov 5, 2019 · Senate
Ordered to a third reading
- Nov 5, 2019 · Senate
Rules suspended
- Nov 5, 2019 · Senate
Read a third time and passed, Ayes 24, Noes 9
- Nov 5, 2019 · Senate
Ordered immediately messaged
- Nov 5, 2019 · Assembly
Received from Senate
- Nov 5, 2019 · Assembly
Read first time and referred to calendar of 11-7-2019 pursuant to Assembly Rule 42 (1)(a)
- Nov 7, 2019 · Assembly
Rules suspended to withdraw from calendar and take up
- Nov 7, 2019 · Assembly
Read a second time
- Nov 7, 2019 · Assembly
Ordered to a third reading
- Nov 7, 2019 · Assembly
Rules suspended
- Nov 7, 2019 · Assembly
Read a third time and concurred in
- Nov 7, 2019 · Assembly
Ordered immediately messaged
- Nov 8, 2019 · Senate
Received from Assembly concurred in
- Nov 13, 2019 · Senate
LRB correction
- Nov 13, 2019 · Senate
Report correctly enrolled
- Nov 19, 2019 · Senate
Presented to the Governor on 11-19-2019 by directive of the President, pursuant to Senate Rule 44m (3)
- Nov 26, 2019 · Senate
Report approved by the Governor on 11-25-2019. 2019 Wisconsin Act 61
- Nov 26, 2019 · Senate
Published 11-26-2019
Terms on this page
Wisconsin Act
The number a bill gets when it becomes law, like 2025 Wisconsin Act 12.
Official term: Act. 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
Roll call
A vote where each lawmaker's yes or no is recorded by name.
Official term: Roll call vote. More in the glossary
From the Wisconsin Legislature's official record, checked Sep 15, 2026. See the source
Wisconsin Act
The number a bill gets when it becomes law, like 2025 Wisconsin Act 12.
Official term: Act
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
Roll call
A vote where each lawmaker's yes or no is recorded by name.
Official term: Roll call vote