Senate
Record of Committee Proceedings
Committee on Revenue, Financial Institutions and Rural Issues
Senate Bill 121
Relating to: adopting a provision of the Internal Revenue Code related to the tax-free distribution from an individual retirement account to a qualified charitable organization.
By Senators Marklein, Vukmir, Kapenga, Cowles, Stroebel and Olsen; cosponsored by Representatives Katsma, Ripp, Tranel, E. Brooks, Vorpagel, Allen, Born, R. Brooks, Gannon, Horlacher, Kerkman, Kleefisch, Kooyenga, Kremer, Kulp, Macco, Murphy, Mursau, Nygren, Rohrkaste, Skowronski, Spiros, Thiesfeldt, Tittl and Tusler.
March 23, 2017 Referred to Committee on Revenue, Financial Institutions and Rural Issues
April 25, 2017 Public Hearing Held
Present: (5) Senator Marklein; Senators LeMahieu, Tiffany, Ringhand and Vinehout.
Absent: (0) None.
Excused: (0) None.
Appearances For
· Sen. Howard Marklein - 17th Senate District
· Nick Krueger - Office of Rep. Terry Katsma, 26th Assembly District
· Michelle Gran - Marquette University
· Mary Czech-Mrochinski - Marquette University
Appearances Against
· None.
Appearances for Information Only
· None.
Registrations For
· Jon Turke - WI Bankers Assoc.
· Steve Elliott - WI Alliance of YMCAs
· Dr. Rolf Wegenke - WI Assoc. of Independent Colleges & Universities
Registrations Against
· None.
Registrations for Information Only
· None.
May 03, 2017 Executive Session Held
Present: (5) Senator Marklein; Senators LeMahieu, Tiffany, Ringhand and Vinehout.
Absent: (0) None.
Excused: (0) None.
Moved by Senator Ringhand, seconded by Senator Tiffany that Senate Bill 121 be recommended for passage.
Ayes: (5) Senator Marklein; Senators LeMahieu, Tiffany, Ringhand and Vinehout.
Noes: (0) None.
PASSAGE RECOMMENDED, Ayes 5, Noes 0
______________________________
Vincent Williams
Committee Clerk
