The Wisconsin Senate voted, 33-0, Tuesday to approve Assembly Bill 759, which will make it easier for young companies to stay put in Wisconsin as they grow and add jobs while expanding beyond its borders.
The effort to pass the bill was led by the Wisconsin Technology Council. It was previously passed unanimously in the 99-seat Assembly. It will now go to Gov. Tony Evers for his consideration and possible signing into law.
The bill amends Wisconsin’s “Qualified New Business Venture” law, which took effect in January 2005 and remains a leading bipartisan example of how to carefully lever state tax credits for angel and venture capital investors who risk money in startups and emerging companies.
