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Bills · 2025-2026 Regular Session

SB 267

Became law Official bill text Atom feed

Relating to: the fee for filing limited liability company articles of organization with the Department of Financial Institutions. (FE)

Corporation Financial institutions department of Indians and tribal issues Parochial and private schools School — Administration School — Curriculum

  1. Introduced, completed
  2. Passes Senate, completed
  3. Passes Assembly, completed
  4. Governor signs, completed
  5. Law, completed

Unfamiliar terms? Glossary

What this bill does

Plain-language analysis by the nonpartisan Legislative Reference Bureau

This bill expands the filing fee exception for a student entrepreneur who forms a limited liability company (LLC).

Current law establishes a fee of $130 for filing LLC articles of organization with the Department of Financial Institutions. However, DFI may not collect this fee if the LLC members or organizers are all student entrepreneurs. A “student entrepreneur” is defined as a student who is at least 18 years of age, enrolled in a postsecondary institution in this state, and an organizer or member of an LLC formed as a business start-up.

This bill expands the definition of “student entrepreneur” to include a student who is enrolled in a public, private, or tribal high school in this state or is homeschooled.

What it would cost

Fiscal estimates filed by state agencies, as official PDFs

Sponsors

Introduced by: Bradley (R) , Cabral-Guevara (R) , Hutton (R) , Kapenga (R) , Nass (R) , Pfaff (D) , Ratcliff (D) , Spreitzer (D) , Wirch (D)

23 cosponsors

Armstrong (R) , Bare (D) , Behnke (R) , Brooks (R) , DeSmidt (D) , Dittrich (R) , Doyle (D) , Franklin (R) , Goodwin (D) , Gundrum (R) , J. Jacobson (D) , Joers (D) , Knodl (R) , Kreibich (R) , Maxey (R) , Melotik (R) , Miresse (D) , O'Connor (R) , Ortiz-Velez (D) , Roe (D) , Sheehan (D) , Snodgrass (D) , Udell (D)

Registered lobbying interests · 2

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

Senate: Report passage recommended by Committee on Financial Institutions and Sporting Heritage, Ayes 5, Noes 0

Passed 5–0 Sep 23, 2025 official source full page

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

Assembly: CONCURRENCE

Passed 91–6 Feb 12, 2026 official source full page

Aye · 91

Not voting · 2

Full history

  1. May 20, 2025 · Senate

    Introduced by Senators Hutton, Bradley, Pfaff, Wirch, Cabral-Guevara, Nass, Kapenga, Ratcliff and Spreitzer; cosponsored by Representatives Franklin, Maxey, Doyle, Armstrong, DeSmidt, Goodwin, O'Connor, Dittrich, Gundrum, Miresse, Snodgrass, Melotik, Joers, Sheehan, Knodl, Bare, Roe, Kreibich, Behnke and Brooks

  2. May 20, 2025 · Senate

    Read first time and referred to Committee on Financial Institutions and Sporting Heritage

  3. May 21, 2025 · Senate

    Representative Udell added as a cosponsor

  4. May 22, 2025 · Senate

    Fiscal estimate received

  5. Sep 16, 2025 · Senate

    Public hearing held

  6. Sep 23, 2025 · Senate

    Executive action taken

  7. Sep 23, 2025 · Senate

    Report passage recommended by Committee on Financial Institutions and Sporting Heritage, Ayes 5, Noes 0

  8. Sep 23, 2025 · Senate

    Available for scheduling

  9. Oct 2, 2025 · Senate

    Representative Ortiz-Velez added as a cosponsor

  10. Oct 13, 2025 · Senate

    Placed on calendar 10-14-2025 pursuant to Senate Rule 18(1)

  11. Oct 14, 2025 · Senate

    Read a second time

  12. Oct 14, 2025 · Senate

    Referred to joint committee on Finance

  13. Oct 14, 2025 · Senate

    Withdrawn from joint committee on Finance and taken up

  14. Oct 14, 2025 · Senate

    Ordered to a third reading

  15. Oct 14, 2025 · Senate

    Rules suspended to give bill its third reading

  16. Oct 14, 2025 · Senate

    Read a third time and passed

  17. Oct 14, 2025 · Senate

    Ordered immediately messaged

  18. Oct 14, 2025 · Assembly

    Received from Senate

  19. Nov 4, 2025 · Assembly

    Representative J. Jacobson added as a cosponsor

  20. Jan 16, 2026 · Assembly

    Read first time and referred to committee on Rules

  21. Feb 5, 2026 · Assembly

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

  22. Feb 12, 2026 · Assembly

    Rules suspended to withdraw from calendar and take up

  23. Feb 12, 2026 · Assembly

    Read a second time

  24. Feb 12, 2026 · Assembly

    Ordered to a third reading

  25. Feb 12, 2026 · Assembly

    Rules suspended

  26. Feb 12, 2026 · Assembly

    Read a third time and concurred in, Ayes 91, Noes 6

  27. Feb 12, 2026 · Assembly

    Ordered immediately messaged

  28. Feb 13, 2026 · Senate

    Received from Assembly concurred in

  29. Feb 20, 2026 · Senate

    Report correctly enrolled

  30. Apr 2, 2026 · Senate

    Presented to the Governor on 4-2-2026

  31. Apr 9, 2026 · Senate

    Report approved by the Governor on 4-8-2026. 2025 Wisconsin Act 224

  32. Apr 9, 2026 · Senate

    Published 4-9-2026