Assembly
Record of Committee Proceedings
Committee on Ways and Means
Assembly Bill 532
Relating to: income and franchise tax benefit for investment in Wisconsin opportunity zones and providing a penalty.
By Representatives VanderMeer, Billings, Allen, Bowen, Edming, Fields, Kolste, Krug, Kulp, Milroy, Mursau, Neylon, Novak, Nygren, Ohnstad, Oldenburg, Pope, Quinn, Rohrkaste, Skowronski, Spiros, Spreitzer, Subeck, Summerfield, Tauchen, C. Taylor, Thiesfeldt, Tranel, Tusler, Vining and Vruwink; cosponsored by Senators Feyen, Ringhand, Bewley, Darling, Hansen, Miller, Petrowski, L. Taylor and Testin.
October 14, 2019 Referred to Committee on Ways and Means
February 06, 2020 Public Hearing Held
Present: (12) Representative Macco; Representatives Wittke, Kerkman, Brooks, Kulp, Petersen, Dittrich, Ramthun, Riemer, Ohnstad, Haywood and McGuire.
Absent: (0) None.
Excused: (0) None.
Appearances For
· Representative Jill Billings - Wisconsin's 95th Assembly District
· Representative Nancy Vandermeer - Wisconsin's 90th Assembly District
· Senator Dan Feyen - Wisconsin's 18th Senate District
· Michael Welch - WI Economic Development Association
· Vicki Markussen - La Crosse Chamber
· Dave Armstrong - Baron County Economic Development
· William Marten - WI Diversified Investments
· Chase Inda - Baker Tilly
· Mallory Gorman - Baker Tilly
Appearances Against
· None.
Appearances for Information Only
· None.
Registrations For
· None.
Registrations Against
· None.
Registrations for Information Only
· Jennifer Serend - WHEDA
February 12, 2020 Executive Session Held
Present: (12) Representative Macco; Representatives Wittke, Kerkman, Brooks, Kulp, Petersen, Dittrich, Ramthun, Riemer, Ohnstad, Haywood and McGuire.
Absent: (0) None.
Excused: (0) None.
Moved by Representative Kerkman, seconded by Representative Haywood that Assembly Amendment 1 be recommended for adoption.
Ayes: (12) Representative Macco; Representatives Wittke, Kerkman, Brooks, Kulp, Petersen, Dittrich, Ramthun, Riemer, Ohnstad, Haywood and McGuire.
Noes: (0) None.
ASSEMBLY AMENDMENT 1 ADOPTION RECOMMENDED, Ayes 12, Noes 0
Moved by Representative Kerkman, seconded by Representative Haywood that Assembly Bill 532 be recommended for passage as amended.
Ayes: (12) Representative Macco; Representatives Wittke, Kerkman, Brooks, Kulp, Petersen, Dittrich, Ramthun, Riemer, Ohnstad, Haywood and McGuire.
Noes: (0) None.
PASSAGE AS AMENDED RECOMMENDED, Ayes 12, Noes 0
______________________________
Nicholas Bures
Committee Clerk
