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SB21 • 2025

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

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

Education Labor Taxes
Did Not Pass

The latest official action shows that this bill did not move forward in that session.

Sponsor
Senators James, Larson and Tomczyk, cosponsored by Representatives Sortwell, Franklin, Kaufert, Madison, Anderson, Clancy, Cruz, DeSmidt, Goeben, Goodwin, Gundrum, Hong, Hysell, Kreibich, Maxey, Miresse, Novak, Piwowarczyk, Prado, Stroud, Tusler, Udell and Wichgers
Last action
2026-03-23
Official status
S - Agriculture and Revenue
Effective date
Not listed

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

  1. 2026-03-23 Sen.

    Failed to pass pursuant to Senate Joint Resolution 1

  2. 2026-01-08 Sen.

    Public hearing held

  3. 2025-12-10 Sen.

    Senate Amendment 2 to Senate Substitute Amendment 1 offered by Senator James

  4. 2025-06-27 Sen.

    Senate Amendment 1 to Senate Substitute Amendment 1 offered by Senator James

  5. 2025-06-24 Sen.

    Representative O'Connor added as a cosponsor

  6. 2025-06-10 Sen.

    Representative Bare added as a cosponsor

  7. 2025-05-13 Sen.

    Senate Substitute Amendment 1 offered by Senator James

  8. 2025-04-23 Sen.

    Representative Joers added as a cosponsor

  9. 2025-04-14 Sen.

    Representatives Fitzgerald and Roe added as cosponsors

  10. 2025-02-19 Sen.

    Fiscal estimate received

  11. 2025-02-05 Sen.

    Introduced by Senators James , Larson and Tomczyk ; cosponsored by Representatives Sortwell , Franklin , Kaufert , Madison , Anderson , Clancy , Cruz , DeSmidt , Goeben , Goodwin , Gundrum , Hong , Hysell , Kreibich , Maxey , Miresse , Novak , Piwowarczyk , Prado , Stroud , Tusler , Udell and Wichgers

  12. 2025-02-05 Sen.

    Read first time and referred to Committee on Agriculture and Revenue

Official Summary Text

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
Status: S - Agriculture and Revenue