Senate Bill 707
Creating an income and franchise tax deduction for interest on a loan secured by agricultural real estate. (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
Jan 24, 2020
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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, Apr 1, 2020: “Failed to pass pursuant to ”
It never got a hearing in the Senate Committee on Agriculture, Revenue and Financial Institutions. 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 an income and franchise tax deduction for the interest received by a federally insured depository institution on a loan secured by agricultural real estate or by a leasehold mortgage, with the status as a lien, on agricultural real estate. The bill defines “agricultural real estate” to mean any of the following:
1. Real property located in Wisconsin that is substantially used for the production of agricultural products.
Read the full summary Show less
2. A single family residence that is the principal residence of its occupant, is purchased or improved with the loan's proceeds, and is located in an area in Wisconsin that is outside a federal metropolitan statistical area and has a population of no more than 2,500.
Who's behind it
Howard Marklein, a Republican, is its .
1 more lawmaker .
See all 2 names Hide the names
Author (1)
- Howard Marklein · Republican, Senate
Signed on in support (1)
- Tony Kurtz · Republican, 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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Feb 4, 2020
A state agency sent in its estimate of the cost.
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Jan 24, 2020
Sent to the Senate Committee on Agriculture, Revenue and Financial Institutions.
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Jan 24, 2020
Introduced in the Senate.
See the official record, word for word Hide the official record
- Jan 24, 2020 · Senate
Introduced by Senator Marklein; cosponsored by Representative Kurtz
- Jan 24, 2020 · Senate
Read first time and referred to Committee on Agriculture, Revenue and Financial Institutions
- Feb 4, 2020 · Senate
Fiscal estimate received
- Apr 1, 2020 · 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