2025-2026 Regular SessionWisconsin Legislature

SB21: Creating an employee ownership conversion costs tax credit, a deduction for capital gains from the transfer of a business to employee ownership, and an employee ownership education and outreach program. (FE)

Legislative Summary

An Act to amend 71.05 (6) (a) 15., 71.21 (4) (a), 71.26 (2) (a) 4., 71.34 (1k) (g) and 71.45 (2) (a) 10.; to create 71.05 (6) (b) 57., 71.07 (12), 71.10 (4) (em), 71.26 (2) (a) 13., 71.28 (12), 71.30 (3) (am), 71.45 (2) (a) 25., 71.47 (12), 71.49 (1) (am), 73.03 (78) and 73.03 (79) of the statutes; Relating to: creating an employee ownership conversion costs tax credit, a deduction for capital gains from the transfer of a business to employee ownership, and an employee ownership education and outreach program. (FE)

Demographic Impact

Overall analysis of equity impact

90% Positive
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Bill History

2/5/2025
Introduced
Senate
2/5/2025
Read first time and referred to Committee on Agriculture and Revenue
Senate
2/19/2025
Fiscal estimate received
Senate
4/14/2025
Representatives Fitzgerald and Roe added as cosponsors
Senate
4/23/2025
Representative Joers added as a cosponsor
Senate
5/13/2025
Senate Substitute Amendment 1 offered by Senator James
Senate

Amendments

Senate Substitute Amendment 1

Senate Substitute Amendment 1

5/13/2025Not Adopted