Senate
Record of Committee Proceedings
Committee on Revenue, Financial Institutions, and Rural Issues
Senate Bill 24
Relating to: the treatment of depreciation, depletion, and amortization for income and franchise tax purposes.
By Senator Marklein; cosponsored by Representative Kooyenga.
February 06, 2015 Referred to Committee on Revenue, Financial Institutions, and Rural Issues
February 11, 2015 Public Hearing Held
Present: (4) Senator Marklein; Senators Farrow, Lassa and Ringhand.
Absent: (1) Senator Tiffany.
Excused: (0) None.
Appearances For
· Howard Marklein - Himself
· Dennis Tomorsky - Wisconsin Institute of Certified Public Accountants
Appearances Against
· None.
Appearances for Information Only
· None.
Registrations For
· Bill Smith - National Federation of Independent Business
· Jason Culotta - Wisconsin Manufacturers and Commerce
Registrations Against
· None.
Registrations for Information Only
· None.
February 19, 2015 Executive Session Held
Present: (5) Senator Marklein; Senators Farrow, Tiffany, Lassa and Ringhand.
Absent: (0) None.
Excused: (0) None.
Moved by Senator Farrow, seconded by Senator Lassa that Senate Amendment 1 be recommended for adoption.
Ayes: (5) Senator Marklein; Senators Farrow, Tiffany, Lassa and Ringhand.
Noes: (0) None.
SENATE AMENDMENT 1 ADOPTION RECOMMENDED, Ayes 5, Noes 0
Moved by Senator Farrow, seconded by Senator Lassa that Senate Bill 24 be recommended for passage as amended.
Ayes: (5) Senator Marklein; Senators Farrow, Tiffany, Lassa and Ringhand.
Noes: (0) None.
PASSAGE AS AMENDED RECOMMENDED, Ayes 5, Noes 0
______________________________
Scott Coenen
Committee Clerk
