Wisconsin 2023-2024 Regular Session Status: In Committee 3 D cosponsors

SB 1063 — Relating to: a tax credit for investments in a community development financial institution. (FE)

Last action — Failed to pass pursuant to Senate Joint Resolution 1

Track this bill free

No card. One bill, free forever — alerts when it moves.

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

This bill died with 2023-2024 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Bill Text

How this bill changes current law

9 changes Share ↗

Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

The bill establishes a tax credit for qualified investments in community development financial institutions, impacting state income and franchise taxes.

  • 71.05 (6) (a) 15.

    (5p) → (5p)

    This amendment adds the new credit related to community development financial institutions to the list of credits.

  • 71.21 (4) (a)

    (5p) → (5p)

    This amendment adds the new credit to the list of credits that can be passed through by partnerships.

  • 71.26 (2) (a) 4.

    (5p) → (5p)

    This amendment includes the new credit in the calculation for the income of partnerships and LLCs.

  • 71.07 (5p)

    "STEVE HILGENBERG COMMUNITY DEVELOPMENT CREDIT..."

    This section creates a new credit specifically for investments in community development financial institutions.

  • 71.28 (5p)

    "STEVE HILGENBERG COMMUNITY DEVELOPMENT CREDIT..."

    This section establishes a new credit for investments in community development financial institutions in relation to franchise taxes.

  • 71.10 (4) (ct)

    "Steve Hilgenberg community development credit under s. 71.07 (5p)."

    This section introduces a new category for the community development credit in the franchise tax.

  • 71.30 (3) (dr)

    "... related to community development financial institutions..."

    This section relates various provisions to the community development credit.

  • 71.47 (5p)

    "... related to community development financial institutions..."

    Establishes a new credit for investments in community development financial institutions.

  • 76.634

    "... related to community development financial institutions..."

    Introduces provisions regarding the community development financial institutions in tax law.

Action History

  1. Failed to pass pursuant to Senate Joint Resolution 1

  2. Senator Agard added as a coauthor

  3. Read first time and referred to Committee on Financial Institutions and Sporting Heritage

  4. Introduced by Senators Smith, Larson and Spreitzer; cosponsored by Representatives Shankland, Conley, Considine, Joers, Moore Omokunde, Ohnstad, Ratcliff, Sinicki, Stubbs and Subeck

Sponsors

Sponsorship breakdown

Export CSV (upgrade) →

3 sponsors · 0 co-sponsors · 129 not signed on

Sponsors (3)

Co-sponsors (0)

None.

Not signed on (129)

129 members have not signed on to this bill.

Show all 129 →

"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

Subjects

taxation finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors SB 1063?
SB 1063 is sponsored by Smith, Jeff (Democrat), Larson, Chris (Democrat), and Spreitzer, Mark (Democrat).
What is the current status of SB 1063?
This bill died with 2023-2024 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 1063?
Track SB 1063 free on One Click Politics — get push/email alerts when it moves.

Make your voice heard on SB 1063

Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.

Find my representatives → Run a campaign

Stay ahead of SB 1063

Last checked for changes 3 months ago · updated continuously

One Click Politics tracks every bill in Congress and all 50 states.

Track this bill →