# Wisconsin SB21: An Act to amend 71.05 (6) (a) 15., 71.21 (4) (a), 71.26 (2) (a) 4., 71.34 (1k) (g) and 71.45 (2) (a) 10.; to create 71.05 (6) (b) 57., 71.07 (12), 71.10 (4) (em), 71.26 (2) (a) 13., 71.28 (12), 71.30 (3) (am), 71.45 (2) (a) 25., 71.47 (12), 71.49 (1) (am), 73.03 (78) and 73.03 (79) of the statutes; 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. (FE)

Wisconsin SB21, An Act to amend 71.05 (6) (a) 15., 71.21 (4) (a), 71.26 (2) (a) 4., 71.34 (1k) (g) and 71.45 (2) (a) 10.; to create 71.05 (6) (b) 57., 71.07 (12), 71.10 (4) (em), 71.26 (2) (a) 13., 71.28 (12), 71.30 (3) (am), 71.45 (2) (a) 25., 71.47 (12), 71.49 (1) (am), 73.03 (78) and 73.03 (79) of the statutes; 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. (FE), is a 2025-2026 Wisconsin Legislature (Biennial Session) Senate bill sponsored by Jesse James (Republican), Chris Larson (Democratic), Cory Tomczyk (Republican); status failed, last action 2026-03-23 (Failed to pass pursuant to Senate Joint Resolution 1) (as of 2026-10-17).

- Canonical: https://policyrisk.com/state-bill/WI-SB21-2025
- As of: 2026-10-17
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Wisconsin SB21
- State: Wisconsin
- Session: 2025-2026 Wisconsin Legislature (Biennial Session)
- Title: An Act to amend 71.05 (6) (a) 15., 71.21 (4) (a), 71.26 (2) (a) 4., 71.34 (1k) (g) and 71.45 (2) (a) 10.; to create 71.05 (6) (b) 57., 71.07 (12), 71.10 (4) (em), 71.26 (2) (a) 13., 71.28 (12), 71.30 (3) (am), 71.45 (2) (a) 25., 71.47 (12), 71.49 (1) (am), 73.03 (78) and 73.03 (79) of the statutes; 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. (FE)
- Status: failed
- Chamber: Senate
- Introduced: 2025-02-05
- Last action: 2026-03-23, Failed to pass pursuant to Senate Joint Resolution 1
- Sponsors: Jesse James (Republican), Chris Larson (Democratic), Cory Tomczyk (Republican)
- Cosponsors: 26
- Subjects: Sen Bill 21, Business, Capital gains tax, Income tax -- Credit, Legislature -- Tax Exemptions, Joint Survey Committee on, Revenue, Department of
- Touches household money: no
- Economic provisions PRIA read: 0

## Summary

No summary available.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Jesse James (Republican), Senate
- Sponsor: Chris Larson (Democratic), Senate
- Sponsor: Cory Tomczyk (Republican), Senate
- Cosponsor: Clinton Anderson (Democratic), House
- Cosponsor: Mike Bare (Democratic), House
- Cosponsor: Ryan Clancy (Democratic), House
- Cosponsor: Angelina Cruz (Democratic), House
- Cosponsor: Ben DeSmidt (Democratic), House
- Cosponsor: Benjamin Franklin (Republican), House
- Cosponsor: Joy Goeben (Republican), House
- Cosponsor: Russell Goodwin (Democratic), House
- Cosponsor: Rick Gundrum (Republican), House
- Cosponsor: Francesca Hong (Democratic), House
- Cosponsor: Andrew Hysell (Democratic), House
- Cosponsor: Alex Joers (Democratic), House
- Cosponsor: Dean Kaufert (Republican), House
- Cosponsor: Rob Kreibich (Republican), House
- Cosponsor: Darrin Madison (Democratic), House
- Cosponsor: Dave Maxey (Republican), House
- Cosponsor: Vincent Miresse (Democratic), House
- Cosponsor: Todd Novak (Republican), House
- Cosponsor: Jerry O'Connor (Republican), House
- Cosponsor: Jim Piwowarczyk (Republican), House
- Cosponsor: Priscilla Prado (Democratic), House
- Cosponsor: Shae Sortwell (Republican), House
- Cosponsor: Angela Stroud (Democratic), House
- Cosponsor: Ron Tusler (Republican), House
- Cosponsor: Randy Udell (Democratic), House
- Cosponsor: Chuck Wichgers (Republican), House

## Actions (12)

- 2026-03-23: Failed to pass pursuant to Senate Joint Resolution 1 (Senate)
- 2026-01-08: Public hearing held (Senate)
- 2025-12-10: Senate Amendment 2 to Senate Substitute Amendment 1 offered by Senator James (Senate)
- 2025-06-27: Senate Amendment 1 to Senate Substitute Amendment 1 offered by Senator James (Senate)
- 2025-06-24: Representative O'Connor added as a cosponsor (Senate)
- 2025-06-10: Representative Bare added as a cosponsor (Senate)
- 2025-05-13: Senate Substitute Amendment 1 offered by Senator James (Senate)
- 2025-04-23: Representative Joers added as a cosponsor (Senate)
- 2025-04-14: Representatives Fitzgerald and Roe added as cosponsors (Senate)
- 2025-02-19: Fiscal estimate received (Senate)
- 2025-02-05: Read first time and referred to Committee on Agriculture and Revenue (Senate)
- 2025-02-05: 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 (Senate)

## Bill text

- Bill Text: [HTML](https://docs.legis.wisconsin.gov/document/proposaltext/2025/REG/SB21), [PDF](https://docs.legis.wisconsin.gov/document/proposaltext/2025/REG/SB21.pdf)

## Related bills

- AB913: An Act to create 71.05 (6) (b) 57. of the statutes; Relating to: subtraction for certain income of members of the National Guard and Reserves. (FE) (signed)
- AB80: An Act to renumber 457.25 (1); to amend 46.90 (4) (ab) 4., 48.56 (2), 48.561 (2), 49.45 (30j) (a) 1., 51.03 (6) (a), 55.043 (1m) (a) 4., 146.81 (1) (hg), 146.8… (signed)
- AB1027: An Act Relating to: requiring information relating to the food stamp program to be compiled and provided to the U.S. Department of Agriculture. (FE) (vetoed)
- SB36: An Act to repeal 71.63 (6) (n) 1. and 71.63 (6) (n) 2.; to renumber and amend 71.63 (6) (n) (intro.); to amend 71.05 (6) (b) 19. cm., 71.05 (6) (b) 19. dm., 71… (vetoed)
- AB674: An Act to create 157.06 (15m) of the statutes; Relating to: prohibiting knowingly covering organ transplantation and related care under health insurance polici… (vetoed)
- SB176: An Act to create 71.05 (1) (j), 71.26 (1) (j), 71.34 (1k) (q) and 71.45 (1) (dp) of the statutes; Relating to: an income and franchise tax exemption for broadb… (vetoed)

## Sources
- [Bill Text (HTML)](https://docs.legis.wisconsin.gov/document/proposaltext/2025/REG/SB21)
- [Bill Text (PDF)](https://docs.legis.wisconsin.gov/document/proposaltext/2025/REG/SB21.pdf)

## Related
- [AB913: An Act to create 71.05 (6) (b) 57. of the statutes; Relating to: subtraction fo…](https://policyrisk.com/state-bill/WI-AB913-2025)
- [AB80: An Act to renumber 457.25 (1); to amend 46.90 (4) (ab) 4., 48.56 (2), 48.561 (2…](https://policyrisk.com/state-bill/WI-AB80-2025)
- [AB1027: An Act Relating to: requiring information relating to the food stamp program to…](https://policyrisk.com/state-bill/WI-AB1027-2025)
- [SB36: An Act to repeal 71.63 (6) (n) 1. and 71.63 (6) (n) 2.; to renumber and amend 7…](https://policyrisk.com/state-bill/WI-SB36-2025)
- [AB674: An Act to create 157.06 (15m) of the statutes; Relating to: prohibiting knowing…](https://policyrisk.com/state-bill/WI-AB674-2025)
- [SB176: An Act to create 71.05 (1) (j), 71.26 (1) (j), 71.34 (1k) (q) and 71.45 (1) (dp…](https://policyrisk.com/state-bill/WI-SB176-2025)
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Source: PRIA, https://policyrisk.com/state-bill/WI-SB21-2025 (as of 2026-10-17).