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AB17Introduced in the Assembly

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)

Failed

Introduced by Shae Sortwell, District 2

What does this bill do?

Plain-English breakdown

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Official description

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)

Where it stands

Failed to concur in pursuant to Senate Joint Resolution 1

March 23, 2026

How did lawmakers vote?

AssemblyStage: Assembly: Read a third time and passed · June 24, 2025

96

Yes

0

No

3

Absent or Not Voting

99 assemblymembers recorded in this Assembly vote. Colors show vote categories only, not whether a vote was good or bad.

See how each assemblymember voted

AssemblymemberDistrictVote
Joel Kitchens1Yes
Shae Sortwell2Yes
Ron Tusler3Yes
David Steffen4Yes
Joy Goeben5Yes
Elijah Behnke6Yes
Karen Kirsch7Yes
Sylvia Ortiz-Velez8Yes
Pricilla Prado9Yes
Darrin Madison10Yes

Bill history

  1. Introduced

  2. Read first time and referred to Committee on Ways and Means

  3. Fiscal estimate received

  4. Representative J. Jacobson added as a coauthor

  5. Representative Tenorio added as a coauthor

  6. Representative Fitzgerald added as a coauthor

  7. Representative Roe added as a coauthor

  8. Public hearing held

  9. Representative Joers added as a coauthor

  10. Assembly Substitute Amendment 1 offered by Representative Sortwell

  11. Executive action taken

  12. Assembly Amendment 1 to Assembly Substitute Amendment 1 offered by Representative Sortwell

  13. Report Assembly Substitute Amendment 1 adoption recommended by Committee on Ways and Means, Ayes 10, Noes 0

  14. Report passage as amended recommended by Committee on Ways and Means, Ayes 10, Noes 0

  15. Referred to committee on Rules

  16. Representative Bare added as a coauthor

  17. Withdrawn from Committee on Rules and referred to calendar of 6-24-2025

  18. Representatives O'Connor and Stubbs added as coauthors

  19. Read a second time

  20. Assembly Amendment 1 to Assembly Substitute Amendment 1 adopted

  21. Assembly Substitute Amendment 1 adopted

  22. Ordered to a third reading

  23. Rules suspended

  24. Read a third time and passed, Ayes 96, Noes 0

  25. Ordered immediately messaged

  26. Received from Assembly

  27. Read first time and referred to committee on Agriculture and Revenue

  28. Fiscal estimate received

  29. Public hearing held

  30. Failed to concur in pursuant to Senate Joint Resolution 1

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