Assembly
Record of Committee Proceedings
Committee on Ways and Means
Assembly Bill 17
Relating to: 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.
By Representatives Sortwell, Franklin, Kaufert, Madison, Anderson, Clancy, Cruz, DeSmidt, Goeben, Goodwin, Gundrum, Hong, Hysell, Kreibich, Maxey, Miresse, Novak, Piwowarczyk, Prado, Tusler, Udell, Wichgers and Stroud; cosponsored by Senators James, Larson and Tomczyk.
February 06, 2025 Referred to Committee on Ways and Means
April 15, 2025 Public Hearing Held
Present: (9) Representative O'Connor; Representatives Kaufert, Armstrong, Brooks, Gustafson, Penterman, Bare, J. Jacobson and Fitzgerald.
Absent: (0) None.
Excused: (1) Representative Franklin.
Appearances For
· Representative Shae Sortwell - Assembly District 2
· Senator Jesse James - Senate District 23
· Mike Schrader - Barnes ESOP
· John Dally - Cooperative Veterinary Care
· Kristen Forde - Division of Extension, UW Madison
· Charity Schmitz - Division of Extension, UW Madison
· Ryan Kauth - Wisconsin Center for Employee Ownership
· Sherri McDermott - Sentry Equipment
· Ariana Bodenbach - Hallmark Building Supplies, Inc.
· Jean Bergman - Ramaker & Associates Phc
Appearances Against
· None.
Appearances for Information Only
· None.
Registrations For
· Jennifer Wickman - Cooperative Network
· Jennifer Taft - Employee-owned S Corporations of America (ESCA)
· Erling Olson - Isthmus Engineering & Manufacturing
· Frida Ballard - Worker Justice Wisconsin
· Paul Rozeski - Wisconsin Property Taxpayers
Registrations Against
· None.
Registrations for Information Only
· Sec.-designee David Casey - Department of Revenue
May 14, 2025 Executive Session Held
Present: (10) Representative O'Connor; Representatives Kaufert, Armstrong, Brooks, Franklin, Gustafson, Penterman, Bare, J. Jacobson and Fitzgerald.
Absent: (0) None.
Excused: (0) None.
Moved by Representative Armstrong, seconded by Representative Penterman that Assembly Substitute Amendment 1 be recommended for adoption.
Ayes: (10) Representative O'Connor; Representatives Kaufert, Armstrong, Brooks, Franklin, Gustafson, Penterman, Bare, J. Jacobson and Fitzgerald.
Noes: (0) None.
ASSEMBLY SUBSTITUTE AMENDMENT 1 ADOPTION RECOMMENDED, Ayes 10, Noes 0
Moved by Representative Gustafson, seconded by Representative Armstrong that Assembly Bill 17 be recommended for passage as amended.
Ayes: (10) Representative O'Connor; Representatives Kaufert, Armstrong, Brooks, Franklin, Gustafson, Penterman, Bare, J. Jacobson and Fitzgerald.
Noes: (0) None.
PASSAGE AS AMENDED RECOMMENDED, Ayes 10, Noes 0
______________________________
Henry Dern
Committee Clerk
