Assembly Bill 932
Modifying the certification criteria to be a qualified new business venture. (FE)
Became law
The governor signed it on Mar 21, 2024. It's .
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Introduced, passed
Jan 12, 2024
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Committee, passed
Approved
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Assembly vote, passed
Passed Feb 22, 2024
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Senate vote, passed
Passed 32 to 0
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Governor, passed
Signed
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Law, here now
2023 Wisconsin Act 144
Latest entry in the official record, Mar 21, 2024: “Published 3-22-2024”
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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 modifies one of the criteria that a business must meet to be certified as a qualified new business venture by the Wisconsin Economic Development Corporation.
Under current law, the angel investment tax credit and the early stage seed investment tax credit are available to claimants making eligible investments in qualified new business ventures that are certified by WEDC. Under current law, one criterion for certification is that the business has the potential for increasing jobs or capital investment in Wisconsin and is either:
Read the full summary Show less
1. Engaged in, or committed to engage in, innovation in any of the following:
a. Manufacturing, biotechnology, nanotechnology, communications, agriculture, or clean energy creation or storage technology.
b. Processing or assembling products, including medical devices, pharmaceuticals, computer software and hardware, semiconductors, and other innovative technology products, or other products that are produced using manufacturing methods that are enabled by applying differentiating technology.
c. Services that are enabled by applying differentiating technology.
2. Undertaking pre-commercialization activity related to differentiating technology that includes conducting research, developing a new product or business process, or developing a service that is principally reliant on applying differentiating technology.
The bill repeals item 1 and maintains item 2. As such, under the bill, one criterion that a business must meet for certification as a qualified new business venture is that it has the potential for increasing jobs or capital investment in Wisconsin and is undertaking pre-commercialization activity related to differentiating technology that includes conducting research, developing a new product or business process, or developing a service that is principally reliant on applying differentiating technology.
Who's behind it
6 representatives are its . All 6 are Republicans.
3 more lawmakers .
See all 9 names Hide the names
Authors (6)
- Dave Armstrong · Republican, Assembly
- Dave Maxey · Republican, Assembly
- Jeff Mursau · Republican, Assembly
- Jerry O'Connor · Republican, Assembly
- Bob Wittke · Republican, Assembly
- Shannon Zimmerman · Republican, Assembly
Signed on in support (3)
- Rob Brooks · Republican, Assembly
- Dan Feyen · Republican, Senate
- Van Wanggaard · Republican, Senate
What it would cost
State agencies filed a . Each opens as a PDF from the Legislature.
Versions and amendments
Every text the Legislature printed for this bill, including proposed changes. Each opens on the Legislature's site.
How lawmakers voted
There were 5 votes on this bill.
Assembly Committee on State Affairs vote on an amendment
Passed, 13 to 0 · Feb 15, 2024
No member-by-member record exists for this vote. Committee votes and some older sessions record totals only.
Official motion: “Report Assembly Substitute Amendment 1 adoption recommended by Committee on State Affairs, Ayes 13, Noes 0”. Official record · This vote on its own page
Assembly Committee on State Affairs vote to recommend it
Passed, 13 to 0 · Feb 15, 2024
No member-by-member record exists for this vote. Committee votes and some older sessions record totals only.
Official motion: “Report passage as amended recommended by Committee on State Affairs, Ayes 13, Noes 0”. Official record · This vote on its own page
Joint Committee on Finance vote to recommend it
Passed, 14 to 0 · Mar 11, 2024
No member-by-member record exists for this vote. Committee votes and some older sessions record totals only.
Official motion: “Report concurrence recommended by Joint Committee on Finance, Ayes 14, Noes 0”. Official record · This vote on its own page
Senate vote
Passed, 3 to 2 · Mar 11, 2024
No member-by-member record exists for this vote. Committee votes and some older sessions record totals only.
Official motion: “Public hearing requirement waived by committee on Senate Organization, pursuant to Senate Rule 18 (1m), Ayes 3, Noes 2”. Official record · This vote on its own page
Senate vote to pass it
Passed, 32 to 0 · Mar 12, 2024
See how each of the 32 senators voted Hide the names
D: Democrat, R: Republican
Yes (32)
- André Jacque (R, 1)
- Bob Wirch (D, 22)
- Brad Pfaff (D, 32)
- Chris Kapenga (R, 33)
- Chris Larson (D, 7)
- Cory Tomczyk (R, 29)
- Dan Feyen (R, 20)
- Dan Knodl (R, 24)
- Devin LeMahieu (R, 9)
- Dianne Hesselbein (D, 27)
- Duey Stroebel (R, 20)
- Eric Wimberger (R, 2)
- Howard Marklein (R, 17)
- Jeff Smith (D, 31)
- Jesse James (R, 23)
- Joan Ballweg (R, 14)
- John Jagler (R, 13)
- Julian Bradley (R, 28)
- Kelda Roys (D, 26)
- LaTonya Johnson (D, 6)
- Mark Spreitzer (D, 15)
- Mary Felzkowski (R, 12)
- Melissa Agard (D, 16)
- Patrick Testin (R, 24)
- Rachael Cabral-Guevara (R, 19)
- Rob Cowles (R, 2)
- Rob Hutton (R, 5)
- Rob Stafsholt (R, 10)
- Romaine Quinn (R, 25)
- Steve Nass (R, 11)
- Tim Carpenter (D, 3)
- Van Wanggaard (R, 21)
Official motion: “CONCURRENCE”. Official record · This vote on its own page
What happened
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Mar 21, 2024
The new law was published.
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Mar 21, 2024
The governor signed it. It became 2023 Wisconsin Act 144.
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Mar 18, 2024
Sent to the governor.
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Mar 12, 2024
The Senate passed it too, 32 to 0.
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Mar 11, 2024
“Public hearing requirement waived by committee on Senate Organization, pursuant to Senate Rule 18 (1m), Ayes 3, Noes 2” (the official wording)
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Mar 11, 2024
The committee voted to recommend passing it, 14 to 0.
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Mar 11, 2024
Sent to the Joint Committee on Finance.
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Mar 6, 2024
Sent to the Senate Committee on Senate Organization.
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Feb 22, 2024
The Senate received it.
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Feb 22, 2024
The Assembly passed it.
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Feb 22, 2024
The Assembly adopted it.
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Feb 15, 2024
Sent to the Assembly Committee on Rules.
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Feb 15, 2024
The committee voted to recommend passing it, 13 to 0.
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Feb 7, 2024
1 more representative signed on in support.
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Jan 24, 2024
The committee held a public hearing.
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Jan 24, 2024
A state agency sent in its estimate of the cost.
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Jan 22, 2024
A state agency sent in its estimate of the cost.
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Jan 12, 2024
Sent to the Assembly Committee on State Affairs.
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Jan 12, 2024
Introduced in the Assembly.
See the official record, word for word Hide the official record
- Jan 12, 2024 · Assembly
Introduced by Representatives Wittke, Zimmerman, Armstrong, Mursau, Maxey, O'Connor and Jacobson; cosponsored by Senators Feyen and Wanggaard
- Jan 12, 2024 · Assembly
Read first time and referred to Committee on State Affairs
- Jan 22, 2024 · Assembly
Fiscal estimate received
- Jan 24, 2024 · Assembly
Fiscal estimate received
- Jan 24, 2024 · Assembly
Public hearing held
- Feb 7, 2024 · Assembly
Representative Brooks added as a coauthor
- Feb 8, 2024 · Assembly
Assembly Substitute Amendment 1 offered by Representative Wittke
- Feb 14, 2024 · Assembly
Representative Jacobson withdrawn as a coauthor
- Feb 14, 2024 · Assembly
Executive action taken
- Feb 15, 2024 · Assembly
Report Assembly Substitute Amendment 1 adoption recommended by Committee on State Affairs, Ayes 13, Noes 0
- Feb 15, 2024 · Assembly
Report passage as amended recommended by Committee on State Affairs, Ayes 13, Noes 0
- Feb 15, 2024 · Assembly
Referred to committee on Rules
- Feb 20, 2024 · Assembly
Made a special order of business at 10:40 AM on 2-22-2024 pursuant to Assembly Resolution 28
- Feb 22, 2024 · Assembly
Read a second time
- Feb 22, 2024 · Assembly
Assembly Substitute Amendment 1 adopted
- Feb 22, 2024 · Assembly
Ordered to a third reading
- Feb 22, 2024 · Assembly
Rules suspended
- Feb 22, 2024 · Assembly
Read a third time and passed
- Feb 22, 2024 · Assembly
Ordered immediately messaged
- Feb 22, 2024 · Senate
Received from Assembly
- Mar 6, 2024 · Senate
Read first time and referred to committee on Senate Organization
- Mar 6, 2024 · Senate
Available for scheduling
- Mar 11, 2024 · Senate
Withdrawn from committee on Senate Organization and rereferred to joint committee on Finance pursuant to Senate Rule 46(2)(c)
- Mar 11, 2024 · Senate
Executive action taken
- Mar 11, 2024 · Senate
Report concurrence recommended by Joint Committee on Finance, Ayes 14, Noes 0
- Mar 11, 2024 · Senate
Available for scheduling
- Mar 11, 2024 · Senate
Public hearing requirement waived by committee on Senate Organization, pursuant to Senate Rule 18 (1m), Ayes 3, Noes 2
- Mar 11, 2024 · Senate
Placed on calendar 3-12-2024 pursuant to Senate Rule 18(1)
- Mar 12, 2024 · Senate
Read a second time
- Mar 12, 2024 · Senate
Ordered to a third reading
- Mar 12, 2024 · Senate
Rules suspended to give bill its third reading
- Mar 12, 2024 · Senate
Read a third time and concurred in, Ayes 32, Noes 0
- Mar 12, 2024 · Senate
Ordered immediately messaged
- Mar 12, 2024 · Assembly
Received from Senate concurred in
- Mar 15, 2024 · Assembly
Report correctly enrolled on 3-15-2024
- Mar 18, 2024 · Assembly
Presented to the Governor on 3-18-2024
- Mar 21, 2024 · Assembly
Report approved by the Governor on 3-21-2024. 2023 Wisconsin Act 144
- Mar 21, 2024 · Assembly
Published 3-22-2024
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