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Wisconsin Assembly passes capital investment bill, revised CAPCO program not presented

MADISON - The Wisconsin Assembly passed a bill Friday designed to promote capital investment and technological entrepreneurship by means of tax credits, grants and loans. The legislation, SB 261, was only one of two venture capital-oriented bills co-authored by Sen. Ted Kanavas, R-Brookfield, to hit the Assembly ......

Full article >>> credit portion of the bill would give a 25-percent tax credit to investments made in qualified new business ventures through certified fund managers. Unused credits may again be carried forward.

The third part of the bill, the technology commercialization grant and loan program, would provide early stage planning, matching, bridge, venture capital, entrepreneurial and technology transfer ......

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[Both bills] were both viewed as important components to support venture capital, Neis added. Senator Kanavas and Representative Nischke are to be commended for their tenacious efforts to get meaningful venture capital legislation passed during this years legislative session. While I am pleased that they got something passed, I was disappointed that entire package, promoted by Republican spon......

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Source:wistechnology.com By Kristin V. Johnson 03/15/04


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