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Bills · 2025-2026 Regular Session

AB 566

Died at session end Official bill text Atom feed

Relating to: qualifying investments for purposes of claiming the early stage seed investment and angel investment credits. (FE)

Business Corporation — Taxation Economic development corporation wisconsin

  1. Introduced, stopped here
  2. Passes Assembly, not reached
  3. Passes Senate, not reached
  4. Governor signs, not reached
  5. Law, not reached

Unfamiliar terms? Glossary

What this bill does

Plain-language analysis by the nonpartisan Legislative Reference Bureau

Current law allows an individual to claim an income tax credit equal to 25 percent of the individual’s bona fide angel investment in a qualified new business venture certified by the Wisconsin Economic Development Corporation. “Bona fide angel investment” is defined as the purchase of an equity interest or any other expenditure, as determined by rule. This bill modifies that definition to include a convertible instrument such as a convertible note or a simple agreement for future equity.

Current law allows a person to claim the early stage seed investment tax credit equal to 25 percent of the person’s investment paid to a fund manager that the fund manager invests in a qualified new business venture certified by WEDC. Under the bill, “investment” is defined as a purchase of an equity interest, a convertible instrument such as a convertible note or a simple agreement for future equity, or any other expenditure, as determined by WEDC.

What it would cost

Fiscal estimates filed by state agencies, as official PDFs

Sponsors

Introduced by: Armstrong (R) , Goodwin (D) , Moses (R) , O'Connor (R) , Wichgers (R) , Wittke (R)

4 cosponsors

Anderson (D) , Feyen (R) , Roys (D) , Spreitzer (D)

Registered lobbying interests · 3

Organizations that registered lobbying activity on this bill with the Wisconsin Ethics Commission. Registration means interest, not a position for or against. Official record

Votes

Assembly: Report Assembly Amendment 1 adoption recommended by Committee on State Affairs, Ayes 10, Noes 0

Passed 10–0 Dec 17, 2025 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Assembly: Report passage as amended recommended by Committee on State Affairs, Ayes 10, Noes 0

Passed 10–0 Dec 17, 2025 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Assembly: PASSAGE

Passed 90–6 Feb 10, 2026 official source full page

Aye · 90

Not voting · 3

Senate: Report concurrence recommended by Joint Committee on Finance, Ayes 13, Noes 0

Passed 13–0 Mar 11, 2026 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Full history

  1. Oct 24, 2025 · Assembly

    Introduced by Representatives Wittke, Moses, Armstrong, Goodwin, O'Connor and Wichgers; cosponsored by Senators Feyen, Spreitzer and Roys

  2. Oct 24, 2025 · Assembly

    Read first time and referred to Committee on State Affairs

  3. Oct 30, 2025 · Assembly

    Fiscal estimate received

  4. Nov 5, 2025 · Assembly

    Assembly Amendment 1 offered by Representative Wittke

  5. Nov 5, 2025 · Assembly

    Fiscal estimate received

  6. Nov 20, 2025 · Assembly

    Public hearing held

  7. Dec 3, 2025 · Assembly

    Executive action taken

  8. Dec 17, 2025 · Assembly

    Report Assembly Amendment 1 adoption recommended by Committee on State Affairs, Ayes 10, Noes 0

  9. Dec 17, 2025 · Assembly

    Report passage as amended recommended by Committee on State Affairs, Ayes 10, Noes 0

  10. Dec 17, 2025 · Assembly

    Referred to committee on Rules

  11. Feb 5, 2026 · Assembly

    Placed on calendar 2-10-2026 by Committee on Rules

  12. Feb 10, 2026 · Assembly

    Read a second time

  13. Feb 10, 2026 · Assembly

    Assembly Amendment 1 adopted

  14. Feb 10, 2026 · Assembly

    Ordered to a third reading

  15. Feb 10, 2026 · Assembly

    Rules suspended

  16. Feb 10, 2026 · Assembly

    Read a third time and passed, Ayes 90, Noes 6

  17. Feb 10, 2026 · Assembly

    Representative Anderson added as a coauthor

  18. Feb 10, 2026 · Assembly

    Ordered immediately messaged

  19. Feb 10, 2026 · Senate

    Received from Assembly

  20. Feb 11, 2026 · Senate

    Read first time and referred to joint committee on Finance

  21. Mar 11, 2026 · Senate

    Executive action taken

  22. Mar 11, 2026 · Senate

    Report concurrence recommended by Joint Committee on Finance, Ayes 13, Noes 0

  23. Mar 11, 2026 · Senate

    Available for scheduling

  24. Mar 23, 2026 · Senate

    Failed to concur in pursuant to Senate Joint Resolution 1