Key Votes
AB 7 - Small Business Tax Credit - Key Vote
Wisconsin Key Votes
Mark Pocan voted Nay (Passage) on this legislation.
Read recent statements Mark Pocan made in this general time period.
Stages
- Feb. 4, 2011 Executive Signed
- Jan. 27, 2011 Senate Bill Passed
- Jan. 25, 2011 House Bill Passed
- Jan. 11, 2011 Introduced
Family
Issues
Note
NOTE: THIS BILL WAS VOTED ON DURING A SPECIAL SESSION OF THE LEGISLATURE
Stage Details
Legislation - Signed (Executive) - Feb. 4, 2011
Title: Small Business Tax Credit
Legislation - Bill Passed (Senate) (25-8) - Jan. 27, 2011
Title: Small Business Tax Credit
Vote to pass a bill that establishes a tax credit for businesses, effective January 1, 2011.
- Establishes a 15 percent tax credit for businesses with no more than $250,000 in gross receipts (Sec. 2).
- Establishes a tax credit equal to 15 percent for businesses with more than $250,000 but less than $500,000 in gross receipts, minus the total of the gross receipts that exceed $250,000 multiplied by 0.00006 percent (Sec. 2).
- Prohibits businesses with more than $500,000 in gross receipts from claiming the tax credit (Sec. 2).
- Prohibits partnerships, limited liability companies, and tax-option corporations from claiming the credit (Sec. 2).
- Defines "gross receipts" as items included in gross income including, but not limited to, the following (Sec. 2):
- Gross sales;
- Gross dividends;
- Gross interest income; and
- Gross rents.
Legislation - Bill Passed (House) (60-33) - Jan. 25, 2011 (Key vote)
Title: Small Business Tax Credit
Vote to pass a bill that establishes a tax credit for businesses, effective January 1, 2011.
- Establishes a 15 percent tax credit for businesses with no more than $250,000 in gross receipts (Sec. 2).
- Establishes a tax credit equal to 15 percent for businesses with more than $250,000 but less than $500,000 in gross receipts, minus the total of the gross receipts that exceed $250,000 multiplied by 0.00006 percent (Sec. 2).
- Prohibits businesses with more than $500,000 in gross receipts from claiming the tax credit (Sec. 2).
- Prohibits partnerships, limited liability companies, and tax-option corporations from claiming the credit (Sec. 2).
- Defines "gross receipts" as items included in gross income including, but not limited to, the following (Sec. 2):
- Gross sales;
- Gross dividends;
- Gross interest income; and
- Gross rents.
Legislation - Introduced (House) - Jan. 11, 2011
Title: Small Business Tax Credit
Committee Sponsors
- Assembly Organization (Sponsor)
