Senate Bill 723
Income tax credits for beginning farmers and owners of farm assets and making an appropriation. (FE)
Topics: Agriculture, Trade and Consumer Protection, Department of, Farmer, Income tax: Credit, Land use planning and control
Stopped in committee
It never got a , so it never came up for a vote. 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
Dec 2, 2025
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Committee, stopped here
Stopped here. No public hearing was held.
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Senate vote, not reached
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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 ”
It never got a hearing in the Senate Committee on Agriculture and Revenue. The committee's chair at the time was Patrick Testin. Chairs decide which bills get a hearing. See every bill that never got a hearing this session.
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The same bill was also filed in the Assembly as AB 721. 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.
Public hearing
A meeting where anyone can speak to a committee about a bill, or send written comments.
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
What it would have done
Summary by the , the Legislature's nonpartisan drafting office. It's their wording, not ours.
This bill creates an income tax credit for a beginning farmer who leases or purchases agricultural assets from an asset owner and uses the assets for farming and for a person whose assets are leased or sold to a beginning farmer. Under the bill, a beginning farmer is a person who has a net worth of less than $200,000 and who has farmed for fewer than 10 years. The bill defines “agricultural assets” as land assessed for property tax purposes as agricultural land or machinery, equipment, facilities, or livestock that is used in farming. The amount of the credit is equal to 5 percent of the lease amount or sales price paid by the beginning farmer to an asset owner for agricultural assets for the taxable year and 5 percent of the lease amount or sales price received by the asset owner from a beginning farmer for agricultural assets for the taxable year. The beginning farmer may also claim a credit equal to 5 percent of the amount the farmer paid for improvements on agricultural assets consisting of land and facilities. The maximum amount that a claimant may receive in any taxable year is $75,000 and maximum amount of the credit for all claimants in any taxable year is $5,000,000.
Under the bill, in order to claim the credit, both the beginning farmer and the asset owner must submit an application to the Department of Agriculture, Trade and Consumer Protection. The beginning farmer must submit a business plan with the beginning farmer’s application and provide a description of the beginning farmer’s education, training, and experience in the type of farming in which the beginning farmer uses the leased or purchased agricultural assets.
Who's behind it
7 senators are its . All 7 are Democrats.
18 more lawmakers .
See all 25 names Hide the names
Authors (7)
- Kristin Dassler-Alfheim · Democrat, Senate
- Sarah Keyeski · Democrat, Senate
- Brad Pfaff · Democrat, Senate
- Melissa Ratcliff · Democrat, Senate
- Kelda Roys · Democrat, Senate
- Jeff Smith · Democrat, Senate
- Mark Spreitzer · Democrat, Senate
Signed on in support (18)
- Clint Anderson · Democrat, Assembly
- Jill Billings · Democrat, Assembly
- Brienne Brown · Democrat, Assembly
- Karen DeSanto · Democrat, Assembly
- Ben DeSmidt · Democrat, Assembly
- Jodi Emerson · Democrat, Assembly
- Joan Fitzgerald · Democrat, Assembly
- Jenna Jacobson · Democrat, Assembly
- Alex Joers · Democrat, Assembly
- Tara Johnson · Democrat, Assembly
- Vinnie Miresse · Democrat, Assembly
- Lori Palmeri · Democrat, Assembly
- Ann Roe · Democrat, Assembly
- Christine Sinicki · Democrat, Assembly
- Angela Stroud · Democrat, Assembly
- Shelia Stubbs · Democrat, Assembly
- Lisa Subeck · Democrat, Assembly
- Randy Udell · Democrat, Assembly
What it would cost
State agencies filed a . Each opens as a PDF from the Legislature.
What happened
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Mar 23, 2026
The session ended, and the bill died with it.
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Mar 17, 2026 to Mar 19, 2026
2 more representatives signed on in support.
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Dec 22, 2025
A state agency sent in its estimate of the cost.
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Dec 9, 2025
1 more representative signed on in support.
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Dec 2, 2025
Sent to the Senate Committee on Agriculture and Revenue.
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Dec 2, 2025
Introduced in the Senate.
See the official record, word for word Hide the official record
- Dec 2, 2025 · Senate
Introduced by Senators Spreitzer, Dassler-Alfheim, Keyeski, Pfaff, Ratcliff, Roys and Smith; cosponsored by Representatives J. Jacobson, Anderson, Brown, DeSanto, DeSmidt, Fitzgerald, Joers, Johnson, Miresse, Roe, Sinicki, Stroud, Stubbs, Subeck and Udell
- Dec 2, 2025 · Senate
Read first time and referred to Committee on Agriculture and Revenue
- Dec 9, 2025 · Senate
Representative Palmeri added as a cosponsor
- Dec 22, 2025 · Senate
Fiscal estimate received
- Mar 17, 2026 · Senate
Representative Billings added as a cosponsor
- Mar 19, 2026 · Senate
Representative Emerson 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.
Public hearing
A meeting where anyone can speak to a committee about a bill, or send written comments.
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
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.
Public hearing
A meeting where anyone can speak to a committee about a bill, or send written comments.
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