Assembly Bill 565
Qualified new business venture eligibility. (FE)
Topics: Business, Corporation: Taxation, Economic Development Corporation, Wisconsin
Passed the Assembly, then stopped
The Assembly passed it on Feb 10, 2026, but the Senate never voted on it. A bill has to . The last day for votes this session was Mar 19, 2026. To try again, a lawmaker would have to start a new bill.
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Introduced, passed
Oct 24, 2025
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Committee, passed
Approved
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Assembly vote, passed
Passed 89 to 7
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Senate vote, stopped here
Stopped here. The Senate never voted on it.
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Governor, not reached
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Law, not reached
Latest entry in the official record, Mar 23, 2026: “Failed to concur in pursuant to ”
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The same bill was also filed in the Senate as SB 564. That version died when the session ended.
Terms on this page
Second chamber's vote
A bill has to pass both the Assembly and the Senate in the same form before it goes to the governor.
Official term: Concurrence. More in the glossary
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
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 would have done
Summary by the , the Legislature's nonpartisan drafting office. It's their wording, not ours.
Under current law, the Wisconsin Economic Development Corporation may certify certain businesses as “qualified new business ventures" for purposes of receiving investments that qualify the investors for tax credits under the angel and early stage seed investment tax credit program. WEDC may certify a business as a qualified new business venture if, among other requirements, the business has its headquarters in this state and at least 51 percent of the business’s employees are employed in this state. This bill eliminates the 51 percent in-state employment requirement for certification.
Also under current law, a business must agree not to relocate outside of this state within three years after the business receives an investment under the program. Currently, relocation generally is defined as locating more than 51 percent any of the following outside of this state: 1) the business’s employees; 2) the business’s total payroll; or 3) the activities of the business’s headquarters. Under the bill, a business is considered to have relocated outside of this state if the business locates its headquarters outside of this state.
Read the full summary Show less
Under current law, WEDC may certify a business as a qualified new business venture if, among other requirements, for taxable years beginning after December 31, 2017, the business has not received more than $12,000,000 in investments that qualified for tax credits under the program. The bill raises that threshold to $20,000,000 for taxable years beginning after December 31, 2025.
Who's behind it
9 representatives are its . 7 are Republicans and 2 are Democrats.
6 more lawmakers .
See all 15 names Hide the names
Authors (9)
- Dave Armstrong · Republican, Assembly
- Russell Goodwin · Democrat, Assembly
- Rob Kreibich · Republican, Assembly
- Clint Moses · Republican, Assembly
- Jeff Mursau · Republican, Assembly
- Jerry O'Connor · Republican, Assembly
- Randy Udell · Democrat, Assembly
- Bob Wittke · Republican, Assembly
- Shannon Zimmerman · Republican, Assembly
Signed on in support (6)
- Clint Anderson · Democrat, Assembly
- Dan Feyen · Republican, Senate
- Sylvia Ortiz-Velez · Democrat, Assembly
- Brad Pfaff · Democrat, Senate
- Mark Spreitzer · Democrat, Senate
- Lisa Subeck · Democrat, Assembly
What it would cost
State agencies filed a . Each opens as a PDF from the Legislature.
How lawmakers voted
There were 3 votes on this bill.
Assembly Committee on State Affairs vote to recommend it
Passed, 10 to 0 · Dec 17, 2025
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 State Affairs, Ayes 10, Noes 0”. Official record · This vote on its own page
Assembly vote to pass it
Passed, 89 to 7 · Feb 10, 2026 · 3 didn't vote
See how each of the 99 representatives voted Hide the names
D: Democrat, R: Republican
Yes (89)
- Adam Neylon (R, 15)
- Alex Dallman (R, 39)
- Alex Joers (D, 81)
- Amaad Rivera-Wagner (D, 90)
- Amanda Nedweski (R, 32)
- Andrew Hysell (D, 48)
- Angela Stroud (D, 73)
- Ann Roe (D, 44)
- Barbara Dittrich (R, 99)
- Ben DeSmidt (D, 65)
- Ben Franklin (R, 88)
- Bob Donovan (R, 61)
- Bob Wittke (R, 63)
- Brent Jacobson (R, 87)
- Brienne Brown (D, 43)
- Calvin Callahan (R, 35)
- Chanz Green (R, 74)
- Christine Sinicki (D, 20)
- Chuck Wichgers (R, 84)
- Cindi Duchow (R, 97)
- Clint Anderson (D, 45)
- Clint Moses (R, 92)
- Dan Knodl (R, 24)
- Dave Armstrong (R, 67)
- Dave Maxey (R, 83)
- Dave Murphy (R, 56)
- David Steffen (R, 4)
- Dean Kaufert (R, 53)
- Deb Andraca (D, 23)
- Duke Tucker (R, 75)
- Elijah Behnke (R, 6)
- Greta Neubauer (D, 66)
- Gus Gustafson (R, 55)
- Jeff Mursau (R, 36)
- Jenna Jacobson (D, 50)
- Jerry O'Connor (R, 60)
- Jessie Rodriguez (R, 21)
- Jill Billings (D, 95)
- Jim Piwowarczyk (R, 98)
- Joan Fitzgerald (D, 46)
- Jodi Emerson (D, 91)
- Joe Sheehan (D, 26)
- Joel Kitchens (R, 1)
- John Spiros (R, 86)
- Joy Goeben (R, 5)
- Kalan Haywood (D, 16)
- Karen DeSanto (D, 40)
- Karen Hurd (R, 69)
- Karen Kirsch (D, 7)
- Kevin Petersen (R, 57)
- Lee Snodgrass (D, 52)
- Lindee Brill (R, 27)
- Lisa Subeck (D, 79)
- Margaret Arney (D, 18)
- Mark Born (R, 37)
- Maureen McCarville (D, 42)
- Mike Bare (D, 80)
- Nancy VanderMeer (R, 70)
- Pat Snyder (R, 85)
- Paul Melotik (R, 22)
- Paul Tittl (R, 25)
- Priscilla Prado (D, 9)
- Randy Udell (D, 47)
- Renuka Mayadev (D, 77)
- Rick Gundrum (R, 58)
- Rob Brooks (R, 59)
- Rob Kreibich (R, 28)
- Rob Summerfield (R, 68)
- Rob Swearingen (R, 34)
- Robin Vos (R, 33)
- Robyn Vining (D, 13)
- Ron Tusler (R, 3)
- Ryan Spaude (D, 89)
- Scott Allen (R, 82)
- Scott Krug (R, 72)
- Sequanna Taylor (D, 11)
- Shae Sortwell (R, 2)
- Shelia Stubbs (D, 78)
- Supreme Moore Omokunde (D, 17)
- Sylvia Ortiz-Velez (D, 8)
- Tara Johnson (D, 96)
- Tip McGuire (D, 64)
- Todd Novak (R, 51)
- Tony Kurtz (R, 41)
- Travis Tranel (R, 49)
- Treig Pronschinske (R, 29)
- Tyler August (R, 31)
- Vinnie Miresse (D, 71)
- Will Penterman (R, 38)
No (7)
- Angelina Cruz (D, 62)
- Angelito Tenorio (D, 14)
- Christian Phelps (D, 93)
- Darrin Madison (D, 10)
- Francesca Hong (D, 76)
- Lori Palmeri (D, 54)
- Ryan Clancy (D, 19)
Didn't vote (3)
- Russell Goodwin (D, 12)
- Shannon Zimmerman (R, 30)
- Steve Doyle (D, 94)
Official motion: “PASSAGE”. Official record · This vote on its own page
Joint Committee on Finance vote to recommend it
Passed, 13 to 0 · Mar 11, 2026
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 13, Noes 0”. Official record · This vote on its own page
What happened
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Mar 23, 2026
The session ended, and the bill died with it.
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Mar 11, 2026
The committee voted to recommend passing it, 13 to 0.
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Feb 11, 2026
Sent to the Joint Committee on Finance.
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Feb 10, 2026
The Senate received it.
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Feb 10, 2026
1 more representative signed on in support.
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Feb 10, 2026
The Assembly passed it, 89 to 7.
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Dec 17, 2025
Sent to the Assembly Committee on Rules.
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Dec 17, 2025
The committee voted to recommend passing it, 10 to 0.
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Nov 21, 2025 to Dec 12, 2025
2 more representatives signed on in support.
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Nov 20, 2025
The committee held a public hearing.
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Oct 30, 2025
A state agency sent in its estimate of the cost.
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Oct 24, 2025
Sent to the Assembly Committee on State Affairs.
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Oct 24, 2025
Introduced in the Assembly.
See the official record, word for word Hide the official record
- Oct 24, 2025 · Assembly
Introduced by Representatives Wittke, Zimmerman, Armstrong, Goodwin, Kreibich, Moses, Mursau, O'Connor and Udell; cosponsored by Senators Feyen, Pfaff and Spreitzer
- Oct 24, 2025 · Assembly
Read first time and referred to Committee on State Affairs
- Oct 30, 2025 · Assembly
Fiscal estimate received
- Nov 20, 2025 · Assembly
Public hearing held
- Nov 21, 2025 · Assembly
Representative Subeck added as a coauthor
- Dec 3, 2025 · Assembly
Executive action taken
- Dec 12, 2025 · Assembly
Representative Ortiz-Velez added as a coauthor
- Dec 17, 2025 · Assembly
Report passage recommended by Committee on State Affairs, Ayes 10, Noes 0
- Dec 17, 2025 · Assembly
Referred to committee on Rules
- Feb 5, 2026 · Assembly
Placed on calendar 2-10-2026 by Committee on Rules
- Feb 10, 2026 · Assembly
Read a second time
- Feb 10, 2026 · Assembly
Ordered to a third reading
- Feb 10, 2026 · Assembly
Rules suspended
- Feb 10, 2026 · Assembly
Read a third time and passed, Ayes 89, Noes 7
- Feb 10, 2026 · Assembly
Representative Anderson added as a coauthor
- Feb 10, 2026 · Assembly
Ordered immediately messaged
- Feb 10, 2026 · Senate
Received from Assembly
- Feb 11, 2026 · Senate
Read first time and referred to joint committee on Finance
- Mar 11, 2026 · Senate
Executive action taken
- Mar 11, 2026 · Senate
Report concurrence recommended by Joint Committee on Finance, Ayes 13, Noes 0
- Mar 11, 2026 · Senate
Available for scheduling
- Mar 23, 2026 · Senate
Failed to concur in pursuant to Senate Joint Resolution 1
Terms on this page
Second chamber's vote
A bill has to pass both the Assembly and the Senate in the same form before it goes to the governor.
Official term: Concurrence. More in the glossary
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
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
Second chamber's vote
A bill has to pass both the Assembly and the Senate in the same form before it goes to the governor.
Official term: Concurrence
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
Roll call
A vote where each lawmaker's yes or no is recorded by name.
Official term: Roll call vote