Read the full stored bill text
Wisconsin Legislature: SB563: Bill Text
Skip navigation
Home
Documents
Senate
Assembly
Committees
Service Agencies
Docs
Options
Help
2025 Biennium
Statutes
Admin. Rules
Indices
Miscellaneous
Archives
Home
Bill, Rule, and Appointment Histories
Senators
Representatives
Committees
Text of Introduced Proposals
Amendment Text
Acts
Veto Messages
Enrolled Bills
Votes
Assembly and Senate Floor Calendars
Schedule of Committee Activities
Assembly and Senate Journals
Committee Records (ROCPs)
Legislative Rules
All Session-Related Documents
Subject Index to Acts
Subject Index to Legislation
Subject Index to Journals
Author Index to Legislation
Subject Index to Clearinghouse Rules
Miscellaneous Budget Documents
Executive Orders
Rulings of the Chair
Wisconsin Supreme Court Rules
Opinions of the Attorney General
Town Law Forms
Law
Districts
Session
Drafting Files
Feeds
Preferences
Show tree
Hide tree
Feedback
Help
Home
Senate Home
Senators
Committees
Session
Chief Clerk
Sergeant at Arms
Civics Education
Human Resources
Assembly Home
Representatives
Committees
Session
Chief Clerk
Sergeant at Arms
Human Resources
Schedule
Joint
Senate
Assembly
Study
Legislative Audit Bureau
Legislative Council
Legislative Fiscal Bureau
Legislative Human Resources Office
Legislative Reference Bureau
Legislative Technology Services Bureau
Menu
»
2025
»
Related Documents
»
Proposal Text
»
SB563: Bill Text
Up
Up
2025 - 2026 LEGISLATURE
LRB-4914/1
JK:ajk&cdc
2025 SENATE BILL 563
October 24, 2025 - Introduced by Senators
Feyen
,
Spreitzer
and
Roys
, cosponsored by Representatives
Wittke
,
Moses
,
Armstrong
,
Goodwin
,
O'Connor
and
Wichgers
. Referred to Committee on Government Operations, Labor and Economic Development.
SB563,1,4
1
An Act
to amend
71.07 (5d) (a) 1. (intro.);
to create
71.07 (5b) (a) 3., 71.28 (5b)
2
(a) 3. and 71.47 (5b) (a) 3. of the statutes;
relating to:
qualifying investments
3
for purposes of claiming the early stage seed investment and angel investment
4
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.
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:
SB563,1
1
Section
1
.
71.07 (5b) (a) 3. of the statutes is created to read:
SB563,2,5
2
71.07
(5b)
(a) 3. “Investment” means a purchase of an equity interest, a
3
convertible instrument such as a convertible note or a simple agreement for future
4
equity, or any other expenditure, as determined by the Wisconsin Economic
5
Development Corporation under s. 238.15.
SB563,2
6
Section
2
.
71.07 (5d) (a) 1. (intro.) of the statutes is amended to read:
SB563,2,10
7
71.07
(5d)
(a) 1. (intro.) “Bona fide angel investment” means a purchase of an
8
equity interest,
a convertible instrument such as a convertible note or a simple
9
agreement for future equity,
or any other expenditure, as determined by rule under
10
s. 238.15 or s. 560.205, 2009 stats., that is made by any of the following:
SB563,3
11
Section
3
.
71.28 (5b) (a) 3. of the statutes is created to read:
SB563,2,15
12
71.28
(5b)
(a) 3. “Investment” means a purchase of an equity interest, a
13
convertible instrument such as a convertible note or a simple agreement for future
14
equity, or any other expenditure, as determined by the Wisconsin Economic
15
Development Corporation under s. 238.15.
SB563,4
16
Section
4
.
71.47 (5b) (a) 3. of the statutes is created to read:
SB563,2,20
17
71.47
(5b)
(a) 3. “Investment” means a purchase of an equity interest, a
18
convertible instrument such as a convertible note or a simple agreement for future
19
equity, or any other expenditure, as determined by the Wisconsin Economic
20
Development Corporation under s. 238.15.
SB563,5
1
Section
5
. Initial applicability.
SB563,3,2
2
(
1
)
This act first applies to taxable years beginning on January 1, 2025.
SB563,3,3
3
(end)
Down
Down
/2025/related/proposals/sb563
true
proposaltext
/2025/related/proposals/sb563
proposaltext/2025/REG/SB563
proposaltext/2025/REG/SB563
section
true
Menu
»
2025
»
Related Documents
»
Proposal Text
»
SB563: Bill Text
×
Details for
PDF view
Link
(Permanent link)
Bookmark this location
View toggle
Go to top of document
Search in this chapter
Search in this section
Search in this agency
Search in this chapter group
Search in this chapter
Search in this section
Cross references for section
Acts affecting this section
References to this
1970 Statutes Annotations
Appellate Court Citations
Administrative Code Index
Reference lines
Clear highlighting