Senate Bill 563
Qualifying investments for purposes of claiming the early stage seed investment and angel investment credits. (FE)
Topics: Business, Corporation: Taxation, Economic Development Corporation, Wisconsin
Stopped before the full Senate voted
The recommended passing it, but the full Senate never voted on it. 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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Senate vote, stopped here
Stopped here. The full Senate never voted on it.
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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, Mar 23, 2026: “Failed to pass pursuant to ”
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The same bill was also filed in the Assembly as AB 566. That version died when the session ended.
Terms on this page
Committee
A small group of lawmakers that looks at a bill first. Most bills never leave committee.
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.
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.
Who's behind it
3 senators are its . 2 are Democrats and 1 is a Republican.
8 more lawmakers .
See all 11 names Hide the names
Authors (3)
- Dan Feyen · Republican, Senate
- Kelda Roys · Democrat, Senate
- Mark Spreitzer · Democrat, Senate
Signed on in support (8)
- Clint Anderson · Democrat, Assembly
- Dave Armstrong · Republican, Assembly
- Russell Goodwin · Democrat, Assembly
- Clint Moses · Republican, Assembly
- Jerry O'Connor · Republican, Assembly
- Sylvia Ortiz-Velez · Democrat, Assembly
- Chuck Wichgers · Republican, Assembly
- Bob Wittke · Republican, Assembly
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 2 votes on this bill.
Senate Committee on Government Operations vote on an amendment
Passed, 4 to 1 · Jan 27, 2026
No member-by-member record exists for this vote. Committee votes and some older sessions record totals only.
Official motion: “Report adoption of Senate Amendment 1 recommended by Committee on Government Operations, Labor and Economic Development, Ayes 4, Noes 1”. Official record · This vote on its own page
Senate Committee on Government Operations vote to recommend it
Passed, 4 to 1 · Jan 27, 2026
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 Government Operations, Labor and Economic Development, Ayes 4, Noes 1”. 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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Feb 10, 2026
1 more representative signed on in support.
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Jan 29, 2026
Sent to the Joint Committee on Finance.
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Jan 27, 2026
The committee voted to recommend passing it, 4 to 1.
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Jan 27, 2026
“Report adoption of Senate Amendment 1 recommended by Committee on Government Operations, Labor and Economic Development, Ayes 4, Noes 1” (the official wording)
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Jan 14, 2026
The committee held a public hearing.
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Nov 24, 2025
1 more representative signed on in support.
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Nov 7, 2025
A state agency sent in its estimate of the cost.
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Nov 4, 2025
A state agency sent in its estimate of the cost.
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Oct 24, 2025
Sent to the Senate Committee on Government Operations, Labor and Economic Development.
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Oct 24, 2025
Introduced in the Senate.
See the official record, word for word Hide the official record
- Oct 24, 2025 · Senate
Introduced by Senators Feyen, Spreitzer and Roys; cosponsored by Representatives Wittke, Moses, Armstrong, Goodwin, O'Connor and Wichgers
- Oct 24, 2025 · Senate
Read first time and referred to Committee on Government Operations, Labor and Economic Development
- Nov 4, 2025 · Senate
Fiscal estimate received
- Nov 7, 2025 · Senate
Fiscal estimate received
- Nov 11, 2025 · Senate
Senate Amendment 1 offered by Senator Feyen
- Nov 24, 2025 · Senate
Representative Ortiz-Velez added as a cosponsor
- Jan 14, 2026 · Senate
Public hearing held
- Jan 27, 2026 · Senate
Executive action taken
- Jan 27, 2026 · Senate
Report adoption of Senate Amendment 1 recommended by Committee on Government Operations, Labor and Economic Development, Ayes 4, Noes 1
- Jan 27, 2026 · Senate
Report passage as amended recommended by Committee on Government Operations, Labor and Economic Development, Ayes 4, Noes 1
- Jan 27, 2026 · Senate
Available for scheduling
- Jan 29, 2026 · Senate
Withdrawn from committee on Senate Organization and rereferred to joint committee on Finance pursuant to Senate Rule 46(2)(c)
- Feb 10, 2026 · Senate
Representative Anderson added as a cosponsor
- Mar 23, 2026 · 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.
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
Committee
A small group of lawmakers that looks at a bill first. Most bills never leave committee.
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