Wisconsin 2025 Regular Session Status: Introduced Bipartisan · 2 D · 1 R cosponsors

SB 563 — Relating to: qualifying investments for purposes of claiming the early stage seed investment and angel investment credits. (FE)

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

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

This bill has been introduced in the Senate. Introduced October 24, 2025. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Advancing 54% · moderate confidence

  • Introduced

    Current position in the legislative process.

  • 9 sponsors

    1 primary, 8 co-sponsors signed on.

  • Bipartisan support

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

  • Cleared a recorded vote

    Passed 2 recorded votes so far.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Summary

An Act to amend 71.07 (5d) (a) 1. (intro.); to create 71.07 (5b) (a) 3., 71.28 (5b) (a) 3. and 71.47 (5b) (a) 3. of the statutes;

Bill Text

What changed in the latest version

59 added · 9 removed

Plain-language change summary

The proposed changes to Senate Bill 563 modify how investments are classified for tax credits aimed at supporting new businesses. The bill now includes "convertible instruments," such as convertible notes and agreements for future equity, as qualifying investments for both angel investment and early-stage seed investment tax credits. This expansion allows investors more flexibility in how they support startups, which could encourage more investment in new ventures and help boost the economy.

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- 2026 LEGISLATURE LRBa0598/1 JK:ajk SENATE AMENDMENT 1, TO SENATE BILL 563 November 11, 2025 - Offered by SenatEYEN.
- 2026 LEGISLATURE LRB-4914/1 JK:ajk&cdc SENATE BILL 563 October 24, 2025 - Introduced by Senators F EYEN , SPREITZER and R OYS, cosponsored by Representatives W ITTKE, M OSES, A RMSTRONG , G OODWIN , O'CONNOR and W ICHGERS.
At the locations indicated, amend the bill as follows:
Referred to Committee on Government Operations, Labor and Economic Development.
1.
A N A CT to amend 71.07 (5d) (a) 1.
Page 2, line 9:
(intro.);
delete “by rule” and substitute “by rule”.
to create 71.07 (5b) (a) 3., 71.28 (5b) (a) 3.
2.
and 71.47 (5b) (a) 3.
Page 3, line 2:
of the statutes;
delete “2025” and substitute “2026”.
relating to:
qualifying investments for purposes of claiming the early stage seed investment and angel investment credits.
Analysis by the Legislative Reference Bureau Current law allows an individual to claim an income tax credit equal to 25 percent of the individual’s bona fide angel investment in a qualified new business venture certified by the Wisconsin Economic Development Corporation.
“Bona fide angel investment” is defined as the purchase of an equity interest or any other expenditure, as determined by rule.
This bill modifies that definition to include a convertible instrument such as a convertible note or a simple agreement for future equity.
Current law allows a person to claim the early stage seed investment tax credit equal to 25 percent of the person’s investment paid to a fund manager that the fund manager invests in a qualified new business venture certified by WEDC.
Under the bill, “investment” is defined as a purchase of an equity interest, a convertible instrument such as a convertible note or a simple agreement for future equity, or any other expenditure, as determined by WEDC.
- 2026 Legislature - 2 - LRB-4914/1 JK:ajk&cdc SENATE BILL 563 SECTION 1 For further information see the state fiscal estimate, which will be printed as an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
S ECTION 1.
71.07 (5b) (a) 3.
of the statutes is created to read:
71.07 (5b) (a) 3.
“Investment” means a purchase of an equity interest, a convertible instrument such as a convertible note or a simple agreement for future equity, or any other expenditure, as determined by the Wisconsin Economic Development Corporation under s.
238.15.
S ECTION 2.
71.07 (5d) (a) 1.
(intro.) of the statutes is amended to read:
71.07 (5d) (a) 1.
(intro.) “Bona fide angel investment” means a purchase of an equity interest, a convertible instrument such as a convertible note or a simple agreement for future equity, or any other expenditure, as determined by rule under s.
238.15 or s.
560.205, 2009 stats., that is made by any of the following:
S ECTION 3.
71.28 (5b) (a) 3.
of the statutes is created to read:
71.28 (5b) (a) 3.
“Investment” means a purchase of an equity interest, a convertible instrument such as a convertible note or a simple agreement for future equity, or any other expenditure, as determined by the Wisconsin Economic Development Corporation under s.
238.15.
S ECTION 4.
71.47 (5b) (a) 3.
of the statutes is created to read:
71.47 (5b) (a) 3.
“Investment” means a purchase of an equity interest, a convertible instrument such as a convertible note or a simple agreement for future equity, or any other expenditure, as determined by the Wisconsin Economic Development Corporation under s.
Show all 44 changed rows (4 more)
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238.15.
- 2026 Legislature - 3 - LRB-4914/1 JK:ajk&cdc SENATE BILL 563 S ECTION 5 SECTION 5.
Initial applicability.
(1) This act first applies to taxable years beginning on January 1, 2025.
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Action History

  1. Failed to pass pursuant to Senate Joint Resolution 1

  2. Representative Anderson added as a cosponsor

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

  4. Available for scheduling

  5. Report passage as amended recommended by Committee on Government Operations, Labor and Economic Development, Ayes 4, Noes 1

  6. Report adoption of Senate Amendment 1 recommended by Committee on Government Operations, Labor and Economic Development, Ayes 4, Noes 1

  7. Executive action taken

  8. Public hearing held

  9. Representative Ortiz-Velez added as a cosponsor

  10. Senate Amendment 1 offered by Senator Feyen

  11. Fiscal estimate received

  12. Fiscal estimate received

  13. Read first time and referred to Committee on Government Operations, Labor and Economic Development

  14. Introduced by Senators Feyen, Spreitzer and Roys; cosponsored by Representatives Wittke, Moses, Armstrong, Goodwin, O'Connor and Wichgers

Sponsors

  • Dan Feyen · Primary
  • Mark Spreitzer · Cosponsor
  • Kelda Roys · Cosponsor
  • Wittke · Cosponsor
  • Moses · Cosponsor
  • Armstrong · Cosponsor
  • Goodwin · Cosponsor
  • O'Connor · Cosponsor
  • Wichgers · Cosponsor

Sponsorship breakdown

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1 sponsors · 8 co-sponsors · 123 not signed on

Sponsors (1)

Co-sponsors (8)

Not signed on (123)

123 members have not signed on to this bill.

Show all 123 →

"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

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

What does SB 563 do?
An Act to amend 71.07 (5d) (a) 1. (intro.); to create 71.07 (5b) (a) 3., 71.28 (5b) (a) 3. and 71.47 (5b) (a) 3. of the statutes;
Who sponsors SB 563?
SB 563 is sponsored by Feyen, Dan (Republican), Spreitzer, Mark (Democrat), Roys, Kelda (Democrat), Wittke, Moses, Armstrong, Goodwin, O'Connor, and Wichgers.
What is the current status of SB 563?
This bill has been introduced in the Senate. Introduced October 24, 2025. It must pass committee before a floor vote.
Where can I track SB 563?
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