Record of Committee Proceedings
Joint Committee on Finance
Assembly Bill 486
Relating to: allowing taxpayers to claim early stage seed investment credits for investments in the fund of funds.
By Representatives Neylon, Krug, Doyle, Edming, T. Larson, Murphy, Rohrkaste, Tittl and R. Brooks; cosponsored by Senator Darling.
February 01, 2016 Referred to Joint Committee on Finance
February 10, 2016 Executive Session Held
Present: (16) Senator Darling; Representative Nygren; Senators Olsen, Harsdorf, Vukmir, Tiffany, Marklein, L. Taylor and Erpenbach; Representatives Kooyenga, Loudenbeck, Knudson, Schraa, Czaja, C. Taylor and Hintz.
Absent: (0) None.
Excused: (0) None.
Moved by Representative Nygren, seconded by Senator Darling that Assembly Amendment 1 be recommended for introduction.
Ayes: (15) Senator Darling; Representative Nygren; Senators Olsen, Harsdorf, Vukmir, Tiffany, Marklein and L. Taylor; Representatives Kooyenga, Loudenbeck, Knudson, Schraa, Czaja, C. Taylor and Hintz.
Noes: (0) None.
ASSEMBLY AMENDMENT 1 INTRODUCTION RECOMMENDED, Ayes 15, Noes 0
Moved by Representative Kooyenga, seconded by Senator Darling that Assembly Amendment 1 be recommended for adoption.
Ayes: (14) Senator Darling; Representative Nygren; Senators Olsen, Harsdorf, Vukmir, Tiffany, Marklein and L. Taylor; Representatives Kooyenga, Loudenbeck, Knudson, Czaja, C. Taylor and Hintz.
Noes: (0) None.
ASSEMBLY AMENDMENT 1 ADOPTION RECOMMENDED, Ayes 14, Noes 0
Moved by Representative Nygren, seconded by Senator Darling that Assembly Amendment 2 be recommended for introduction.
Ayes: (15) Senator Darling; Representative Nygren; Senators Olsen, Harsdorf, Vukmir, Tiffany, Marklein and L. Taylor; Representatives Kooyenga, Loudenbeck, Knudson, Schraa, Czaja, C. Taylor and Hintz.
Noes: (0) None.
ASSEMBLY AMENDMENT 2 INTRODUCTION RECOMMENDED, Ayes 15, Noes 0
Moved by Senator Darling, seconded by Representative Kooyenga that Assembly Amendment 2 be recommended for adoption.
Ayes: (14) Senator Darling; Representative Nygren; Senators Olsen, Harsdorf, Vukmir, Tiffany, Marklein and L. Taylor; Representatives Kooyenga, Loudenbeck, Knudson, Czaja, C. Taylor and Hintz.
Noes: (0) None.
ASSEMBLY AMENDMENT 2 ADOPTION RECOMMENDED, Ayes 14, Noes 0
Moved by Senator Darling, seconded by Senator Marklein that Assembly Bill 486 be recommended for passage as amended.
Ayes: (14) Senator Darling; Representative Nygren; Senators Olsen, Harsdorf, Vukmir, Tiffany, Marklein and L. Taylor; Representatives Kooyenga, Loudenbeck, Knudson, Czaja, C. Taylor and Hintz.
Noes: (0) None.
PASSAGE AS AMENDED RECOMMENDED, Ayes 14, Noes 0
______________________________
Joe Malkasian
Committee Clerk
