Record of Committee Proceedings
Joint Committee on Finance
Assembly Bill 753
Relating to: modifications to the tax treatment of tax-option corporations that elect to pay tax at the entity level.
By Representatives Macco and Wittke; cosponsored by Senators Marklein, Kapenga and Kooyenga.
February 10, 2020 Referred to Joint Committee on Finance
February 17, 2020 Executive Session Held
Present: (14) Senator Darling; Representative Nygren; Senators Olsen, Marklein, Stroebel, LeMahieu, Erpenbach and Johnson; Representatives Loudenbeck, Born, Katsma, Zimmerman, C. Taylor and Goyke.
Absent: (0) None.
Excused: (2) Senator Tiffany; Representative Rohrkaste.
Moved by Senator Marklein, seconded by Senator Darling that Assembly Bill 753 be recommended for passage.
Ayes: (14) Senator Darling; Representative Nygren; Senators Olsen, Marklein, Stroebel, LeMahieu, Erpenbach and Johnson; Representatives Loudenbeck, Born, Katsma, Zimmerman, C. Taylor and Goyke.
Noes: (0) None.
PASSAGE RECOMMENDED, Ayes 14, Noes 0
______________________________
Joe Malkasian
Committee Clerk
