Senate Bill 564
Qualified new business venture eligibility. (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 565. 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.
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
3 senators are its . 2 are Democrats and 1 is a Republican.
11 more lawmakers .
See all 14 names Hide the names
Authors (3)
- Dan Feyen · Republican, Senate
- Brad Pfaff · Democrat, Senate
- Mark Spreitzer · Democrat, Senate
Signed on in support (11)
- Clint Anderson · Democrat, Assembly
- 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
- Subeck and Ortiz-Velez
- Randy Udell · Democrat, Assembly
- Bob Wittke · Republican, Assembly
- Shannon Zimmerman · Republican, Assembly
What it would cost
State agencies filed a . Each opens as a PDF from the Legislature.
How lawmakers voted
There was one vote on this bill.
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 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 14, 2026
The committee held a public hearing.
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Nov 24, 2025
2 more representatives signed on in support.
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Oct 31, 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, Pfaff and Spreitzer; cosponsored by Representatives Wittke, Zimmerman, Armstrong, Goodwin, Kreibich, Moses, Mursau, O'Connor and Udell
- Oct 24, 2025 · Senate
Read first time and referred to Committee on Government Operations, Labor and Economic Development
- Oct 31, 2025 · Senate
Fiscal estimate received
- Nov 24, 2025 · Senate
Representatives Subeck and Ortiz-Velez added as cosponsors
- Jan 14, 2026 · Senate
Public hearing held
- Jan 27, 2026 · Senate
Executive action taken
- Jan 27, 2026 · Senate
Report passage 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