Senate

Record of Committee Proceedings

Committee on Senate Organization

Senate Bill 203

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 Senators Marklein, Craig, Kapenga, Nass, Olsen and Stroebel; cosponsored by Representatives Katsma, Macco, Bernier, E. Brooks, R. Brooks, Duchow, Gannon, Hutton, Jacque, Jarchow, Kooyenga, Kremer, Kuglitsch, Kulp, Murphy, Neylon, Ripp, Skowronski and Tauchen.

February 14, 2018       Referred to Committee on Senate Organization

March 22, 2018           Failed to pass pursuant to Senate Joint Resolution 1

______________________________

Jeff Renk

Committee Clerk