Senate
Record of Committee Proceedings
Committee on Agriculture, Revenue and Financial Institutions
Senate Bill 706
Relating to: modifications to the tax treatment of tax-option corporations that elect to pay tax at the entity level.
By Senators Marklein, Kapenga and Kooyenga; cosponsored by Representatives Macco and Wittke.
January 24, 2020 Referred to Committee on Agriculture, Revenue and Financial Institutions
January 29, 2020 Public Hearing Held
Present: (9) Senator Marklein; Senators Petrowski, Testin, Jacque, Bernier, Smith, Ringhand, Risser and Larson.
Absent: (0) None.
Excused: (0) None.
Appearances For
· Sen. Howard Marklein - 17th Senate District
Appearances Against
· None.
Appearances for Information Only
· None.
Registrations For
· Legislative Director Brian Dake - Wisconsin Independent Businesses
· Cory Fish - WMC
· Ceo Tammy Hofstede - Wi Institue of CPAs
· Rep Robert Wittke
· Rep John Macco - WI 88th Assembly District
· Alice O'Connor - Wi Institue of CPAs
Registrations Against
· None.
Registrations for Information Only
· None.
February 05, 2020 Executive Session Held by Paper Ballot
Present: (9) Senator Marklein; Senators Petrowski, Testin, Jacque, Bernier, Smith, Ringhand, Risser and Larson.
Absent: (0) None.
Excused: (0) None.
Moved by that Senate Bill 706 be recommended for passage.
Ayes: (6) Senator Marklein; Senators Petrowski, Testin, Jacque, Bernier and Ringhand.
Noes: (3) Senators Smith, Risser and Larson.
PASSAGE RECOMMENDED, Ayes 6, Noes 3
______________________________
Vincent Williams
Committee Clerk
