Assembly
Record of Committee Proceedings
Committee on Ways and Means
Assembly Bill 259
Relating to: the length of the recognition period for built-in gains tax; the evidentiary standard for proving a transaction has economic substance; participation by the Department of Revenue in the Multistate Tax Commission Audit Program; and reliance by a taxpayer on past audits by the Department of Revenue.
By Representatives Katsma, Macco, Bernier, E. Brooks, R. Brooks, Duchow, Gannon, Hutton, Jacque, Jarchow, Kooyenga, Kremer, Kuglitsch, Kulp, Murphy, Neylon, Ripp, Skowronski and Tauchen; cosponsored by Senators Marklein, Craig, Kapenga, Nass, Olsen and Stroebel.
April 20, 2017 Referred to Committee on Ways and Means
May 09, 2017 Public Hearing Held
Present: (11) Representative Macco; Representatives Katsma, Kerkman, Novak, Steffen, Jacque, Bernier, Petersen, C. Taylor, Ohnstad and Doyle.
Absent: (0) None.
Excused: (1) Representative Riemer.
Appearances For
· Rep. Terry Katsma - 26 Assembly District
· Jason Culotta - Wisconsin Manufactures and Commerce
· Jim Brandenberg
· Ferdinand Hogroian - Council on State Taxation
· Tim Schaly
Appearances Against
· None.
Appearances for Information Only
· Nicole Kuehl - Wisconsin Department of Revenue
Registrations For
· Howard Marklein - 17th Senate District
· Jon Turke - Wisconsin Bankers Association
· Brian Dake - Wisconsin Independent Businesses
· Katie White - Wisconsin Institute of CPAs
Registrations Against
· None.
Registrations for Information Only
· None.
February 08, 2018 Executive Session Held
Present: (14) Representative Macco; Representatives Katsma, Kerkman, Novak, Steffen, Jacque, Bernier, Petersen, Hutton, Sargent, C. Taylor, Ohnstad, Doyle and Spreitzer.
Absent: (0) None.
Excused: (2) Representatives Kulp and Zimmerman.
February 14, 2018 Executive Session Held
Present: (16) Representative Macco; Representatives Katsma, Kerkman, Novak, Steffen, Jacque, Bernier, Petersen, Kulp, Hutton, Zimmerman, Sargent, C. Taylor, Ohnstad, Doyle and Spreitzer.
Absent: (0) None.
Excused: (0) None.
Moved by Representative Steffen, seconded by Representative Katsma that Assembly Amendment 1 be recommended for adoption.
Ayes: (11) Representative Macco; Representatives Katsma, Kerkman, Novak, Steffen, Jacque, Bernier, Petersen, Kulp, Hutton and Zimmerman.
Noes: (5) Representatives Sargent, C. Taylor, Ohnstad, Doyle and Spreitzer.
ASSEMBLY AMENDMENT 1 ADOPTION RECOMMENDED, Ayes 11, Noes 5
Moved by Representative Sargent, seconded by Representative Taylor that Assembly Substitute Amendment 1 be recommended for adoption.
Ayes: (5) Representatives Sargent, C. Taylor, Ohnstad, Doyle and Spreitzer.
Noes: (11) Representative Macco; Representatives Katsma, Kerkman, Novak, Steffen, Jacque, Bernier, Petersen, Kulp, Hutton and Zimmerman.
ASSEMBLY SUBSTITUTE AMENDMENT 1 ADOPTION NOT RECOMMENDED, Ayes 5, Noes 11
Moved by Representative Katsma, seconded by Representative Petersen that Assembly Bill 259 be recommended for passage as amended.
Ayes: (11) Representative Macco; Representatives Katsma, Kerkman, Novak, Steffen, Jacque, Bernier, Petersen, Kulp, Hutton and Zimmerman.
Noes: (5) Representatives Sargent, C. Taylor, Ohnstad, Doyle and Spreitzer.
PASSAGE AS AMENDED RECOMMENDED, Ayes 11, Noes 5
______________________________
Nicholas Bures
Committee Clerk
