Wisconsin 2023-2024 Regular Session Status: Enacted Bipartisan · 6 R · 1 D cosponsors

AB 932 — Relating to: modifying the certification criteria to be a qualified new business venture. (FE)

Last action — Published 3-22-2024

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Assembly
  4. ✓
    Passed Senate
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced January 12, 2024. Enacted.

Signed by Governor Tony Evers (Democratic) on March 21, 2024.

Prognosis

Likely to advance 98% · high confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 7 sponsors

    7 primary, 0 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (6 R · 1 D) — cross-party backing.

  • Cleared a recorded vote

    Passed 5 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

What changed in the latest version

33 added · 26 removed

Plain-language change summary

The latest version of Assembly Bill 932 makes changes to the criteria for businesses to qualify as a "new business venture." Specifically, it removes one criterion and adds a new one, allowing businesses to be certified if they commit to innovation involving the development of unique technologies, products, or services. This change is important because it broadens the scope for businesses seeking certification, potentially encouraging more innovative startups and investments in Wisconsin's economy.

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- 2024 LEGISLATURE LRBs0276/1 MDE:cjs ASSEMBLY SUBSTITUTE AMENDMENT 1, TO ASSEMBLY BILL 932 February 8, 2024 - Offered by Representative W ITTKE.
- 2024 LEGISLATURE LRB-1082/1 MDE:skw ASSEMBLY BILL 932 January 12, 2024 - Introduced by Representatives W ITTKE, ZIMMERMAN , A RMSTRONG, M URSAU , M AXEY, OC ONNOR and J ACOBSON , cosponsored by Senators FEYEN and W ANGGAARD .
Referred to Committee on State Affairs.
andto create 238.15 (1) (f) 1m.
and to consolidate, renumber and amend 238.15 (1) (f) (intro.) and 2.
Processing or assembling products, including medical devices, pharmaceuticals, computer software or hardware, semiconductors, any other innovative technology products, or other products that are produced using manufacturing methods that are enabled by applying differentiating technology.
Processing or assembling products, including medical devices, pharmaceuticals, computer software and hardware, semiconductors, and other innovative technology products, or other products that are produced using manufacturing methods that are enabled by applying differentiating technology.
LRBs0276/1 - 2024 Legislature - 2 - MDE:cjs 2.
2.
Undertaking pre-commercialization activity related to differentiating technology that includes conducting research, developing a new product or business process, or developing a service that is principally reliant on applying differentiating technology.
Undertaking pre-commercialization activity related to differentiating technology that includes conducting research, developing a new product or business - 2024 Legislature - 2 - LRB-1082/1 MDE:skw ASSEMBLY BILL 932 process, or developing a service that is principally reliant on applying differentiating technology.
The bill replaces item 1 with the option for a business to qualify under the above criterion if the business is engaged in, or has committed to engage in, innovation, if the innovation involves the development of a differentiating technology, product, service, or production process.
The bill repeals item 1 and maintains item 2.
The bill first applies to a business initially certified for the angel investment tax credit or the early stage seed investment tax credit on the effective date of the bill.
As such, under the bill, one criterion that a business must meet for certification as a qualified new business venture is that it has the potential for increasing jobs or capital investment in Wisconsin and is undertaking pre-commercialization activity related to differentiating technology that includes conducting research, developing a new product or business process, or developing a service that is principally reliant on applying differentiating technology.
For further information see the state fiscal estimate, which will be printed as an appendix to this bill.
SECTION 1.
S ECTION 1.
238.15 (1) (f) (intro.) and 2.
of the statutes are consolidated, renumbered 238.15 (1) (f) and amended to read:
238.15 (1) (f) It has the potential for increasing jobs in this state, increasing capital investment in this state, or both, and any of the following apply:
2.
It it is undertaking pre-commercialization activity related to differentiating technology that includes conducting research, developing a new product or business process, or developing a service that is principally reliant on applying differentiating technology.
S ECTION 2.
SECTION 2.
238.15 (1) (f) 1m.
of the statutes is created to read:
238.15 (1) (f) 1m.
It is engaged in, or has committed to engage in, innovation, if the innovation involves the development of a differentiating technology, product, service, or production process.
SECTION 3.Initial applicability.
(1) This act first applies to a business that is first certified under s.
238.15 (1) on the effective date of this subsection.
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Action History

  1. Published 3-22-2024

  2. Report approved by the Governor on 3-21-2024. 2023 Wisconsin Act 144

  3. Presented to the Governor on 3-18-2024

  4. Report correctly enrolled on 3-15-2024

  5. Received from Senate concurred in

  6. Ordered immediately messaged

  7. Read a third time and concurred in, Ayes 32, Noes 0

  8. Rules suspended to give bill its third reading

  9. Ordered to a third reading

  10. Read a second time

  11. Placed on calendar 3-12-2024 pursuant to Senate Rule 18(1)

  12. Public hearing requirement waived by committee on Senate Organization, pursuant to Senate Rule 18 (1m), Ayes 3, Noes 2

  13. Available for scheduling

  14. Report concurrence recommended by Joint Committee on Finance, Ayes 14, Noes 0

  15. Executive action taken

  16. Withdrawn from committee on Senate Organization and rereferred to joint committee on Finance pursuant to Senate Rule 46(2)(c)

  17. Available for scheduling

  18. Read first time and referred to committee on Senate Organization

  19. Received from Assembly

  20. Ordered immediately messaged

  21. Read a third time and passed

  22. Rules suspended

  23. Ordered to a third reading

  24. Assembly Substitute Amendment 1 adopted

  25. Read a second time

  26. Made a special order of business at 10:40 AM on 2-22-2024 pursuant to Assembly Resolution 28

  27. Referred to committee on Rules

  28. Report passage as amended recommended by Committee on State Affairs, Ayes 13, Noes 0

  29. Report Assembly Substitute Amendment 1 adoption recommended by Committee on State Affairs, Ayes 13, Noes 0

  30. Executive action taken

  31. Representative Jacobson withdrawn as a coauthor

  32. Assembly Substitute Amendment 1 offered by Representative Wittke

  33. Representative Brooks added as a coauthor

  34. Public hearing held

  35. Fiscal estimate received

  36. Fiscal estimate received

  37. Read first time and referred to Committee on State Affairs

  38. Introduced by Representatives Wittke, Zimmerman, Armstrong, Mursau, Maxey, O'Connor and Jacobson; cosponsored by Senators Feyen and Wanggaard

Sponsors

Sponsorship breakdown

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7 sponsors · 0 co-sponsors · 125 not signed on

Sponsors (7)

Co-sponsors (0)

None.

Not signed on (125)

125 members have not signed on to this bill.

Show all 125 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

CONCURRENCE

Passed 32 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 5000
Republican 19000
Democrat 8000
Total 32000
% of votes cast 100%0%0%0%
How each member voted (32)
Member Party Vote
AGARD — Yea
BALLWEG — Yea
JOHNSON — Yea
STROEBEL — Yea
COWLES — Yea
Carpenter, Tim Democrat Yea
Hesselbein, Dianne Democrat Yea
Larson, Chris Democrat Yea
Pfaff, Brad Democrat Yea
Roys, Kelda Democrat Yea
Smith, Jeff Democrat Yea
Spreitzer, Mark Democrat Yea
Wirch, Robert Democrat Yea
Bradley, Julian Republican Yea
Cabral-Guevara, Rachael Republican Yea
Felzkowski, Mary Republican Yea
Feyen, Dan Republican Yea
Hutton, Rob Republican Yea
Jacque, André Republican Yea
Jagler, John Republican Yea
James, Jesse Republican Yea
Kapenga, Chris Republican Yea
Knodl, Daniel Republican Yea
LeMahieu, Devin Republican Yea
Marklein, Howard Republican Yea
Nass, Steve Republican Yea
Quinn, Romaine Republican Yea
Stafsholt, Rob Republican Yea
Testin, Patrick Republican Yea
Tomczyk, Cory Republican Yea
Wanggaard, Van Republican Yea
Wimberger, Eric Republican Yea

Official roll call →

Subjects

finance labor
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Frequently asked questions

Who sponsors AB 932?
AB 932 is sponsored by Wittke, Robert (Republican), Zimmerman, Shannon (Republican), Armstrong, David (Republican), Mursau, Jeffrey (Republican), Maxey, Dave (Republican), O'Connor, Jerry (Republican), and Jacobson, Jenna (Democrat).
What is the current status of AB 932?
This bill has been enacted into law. Introduced January 12, 2024. Enacted.
Where can I track AB 932?
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