Wisconsin Legislative Council
AMENDMENT MEMO
One Ea st Ma in Stre e t, Suite 401 • Ma dison, W I 53703 • (608) 266-1304 • le g.council@le gis.wisconsin.gov • http://www.le gis.wisconsin.gov/lc
Memo published: February 1, 2024 Contact: Ethan Lauer, Senior Staff Attorney
2023 Assembly Bill 933 Assembly Amendment 1
BACKGROUND
An angel investment tax credit is a nonrefundable tax credit equal to 25 percent of a claimant’s bona
fide angel investment made directly in a business certified by the Wisconsin Economic Development
Corporation (WEDC) as a qualified new business venture.
An early stage seed investment tax credit is a nonrefundable tax credit equal to 25 percent of a
claimant’s investment paid to a fund manager that the fund manager invests in a business certified
under the angel investment tax credit program.
A person eligible to claim an early stage seed investment tax credit may sell or otherwise transfer the
credit. No person may sell or otherwise transfer such a credit more than once in a 12-month period.
2023 ASSEMBLY BILL 933
2023 Assembly Bill 933 provides that a person eligible to claim an angel investment tax credit may sell
or otherwise transfer the credit.
Under the bill, the current law restriction on a person selling or otherwise transferring an early stage
seed investment tax credit more than once in a 12-month period applies also to the angel investment tax
credit. However, the bill clarifies that the restriction for both the angel investment and the early stage
seed investment tax credits applies to an individual credit.
ASSEMBLY AMENDMENT 1
Assembly Amendment 1 provides that the provisions of the bill first apply to a credit that a person is
certified to claim on the effective date of the bill.
BILL HISTORY
Representative Wittke offered Assembly Amendment 1 on January 30, 2024. On January 31, 2024, the
Assembly Committee on State Affairs recommended adoption of the amendment, and passage of the
bill, as amended, each on a vote of Ayes, 11; Noes, 0.
For a full history of the bill, visit the Legislature’s bill history page.
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