2025-2026 Regular SessionWisconsin Legislature

AB17: 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

70% Positive
Medium ConfidenceView detailed demographic breakdown ↓

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Bill History

2/6/2025
Introduced
State Assembly
2/6/2025
Read first time and referred to Committee on Ways and Means
State Assembly
2/19/2025
Fiscal estimate received
State Assembly
2/21/2025
Representative J. Jacobson added as a coauthor
State Assembly
4/1/2025
Representative Tenorio added as a coauthor
State Assembly
4/11/2025
Representative Fitzgerald added as a coauthor
State Assembly
4/14/2025
Representative Roe added as a coauthor
State Assembly
4/15/2025
Public hearing held
State Assembly
4/23/2025
Representative Joers added as a coauthor
State Assembly
5/12/2025
Assembly Substitute Amendment 1 offered by Representative Sortwell
State Assembly
5/14/2025
Executive action taken
State Assembly
5/15/2025
Assembly Amendment 1 to Assembly Substitute Amendment 1 offered by Representative Sortwell
State Assembly

Amendments

Assembly Amendment 1

Assembly Amendment 1

5/15/2025Not Adopted

Assembly Substitute Amendment 1

Assembly Substitute Amendment 1

5/12/2025Not Adopted