Record of Committee Proceedings
Joint Committee on Finance
Senate Bill 404
Relating to: allowing taxpayers to claim early stage seed investment credits for investments in the fund of funds.
By Senator Darling; cosponsored by Representatives Neylon, Krug, Doyle, Edming, T. Larson, Murphy, Rohrkaste, Tittl and R. Brooks.
February 02, 2016 Referred to Joint Committee on Finance
February 10, 2016 Executive Session Held
Present: (16) Senator Darling; Representative Nygren; Senators Olsen, Harsdorf, Vukmir, Tiffany, Marklein, L. Taylor and Erpenbach; Representatives Kooyenga, Loudenbeck, Knudson, Schraa, Czaja, C. Taylor and Hintz.
Absent: (0) None.
Excused: (0) None.
Moved by Representative Nygren, seconded by Senator Darling that Senate Amendment 1 be recommended for introduction.
Ayes: (15) Senator Darling; Representative Nygren; Senators Olsen, Harsdorf, Vukmir, Tiffany, Marklein and L. Taylor; Representatives Kooyenga, Loudenbeck, Knudson, Schraa, Czaja, C. Taylor and Hintz.
Noes: (0) None.
SENATE AMENDMENT 1 INTRODUCTION RECOMMENDED, Ayes 15, Noes 0
Moved by Representative Kooyenga, seconded by Senator Darling that Senate Amendment 1 be recommended for adoption.
Ayes: (14) Senator Darling; Representative Nygren; Senators Olsen, Harsdorf, Vukmir, Tiffany, Marklein and L. Taylor; Representatives Kooyenga, Loudenbeck, Knudson, Czaja, C. Taylor and Hintz.
Noes: (0) None.
SENATE AMENDMENT 1 ADOPTION RECOMMENDED, Ayes 14, Noes 0
Moved by Representative Nygren, seconded by Senator Darling that Senate Amendment 2 be recommended for introduction.
Ayes: (15) Senator Darling; Representative Nygren; Senators Olsen, Harsdorf, Vukmir, Tiffany, Marklein and L. Taylor; Representatives Kooyenga, Loudenbeck, Knudson, Schraa, Czaja, C. Taylor and Hintz.
Noes: (0) None.
SENATE AMENDMENT 2 INTRODUCTION RECOMMENDED, Ayes 15, Noes 0
Moved by Senator Darling, seconded by Representative Kooyenga that Senate Amendment 2 be recommended for adoption.
Ayes: (14) Senator Darling; Representative Nygren; Senators Olsen, Harsdorf, Vukmir, Tiffany, Marklein and L. Taylor; Representatives Kooyenga, Loudenbeck, Knudson, Czaja, C. Taylor and Hintz.
Noes: (0) None.
SENATE AMENDMENT 2 ADOPTION RECOMMENDED, Ayes 14, Noes 0
Moved by Senator Darling, seconded by Senator Marklein that Senate Bill 404 be recommended for passage as amended.
Ayes: (14) Senator Darling; Representative Nygren; Senators Olsen, Harsdorf, Vukmir, Tiffany, Marklein and L. Taylor; Representatives Kooyenga, Loudenbeck, Knudson, Czaja, C. Taylor and Hintz.
Noes: (0) None.
PASSAGE AS AMENDED RECOMMENDED, Ayes 14, Noes 0
______________________________
Joe Malkasian
Committee Clerk
