An Act to repeal 20.566 (1) (hn) and 73.03 (28d); to amend 71.10 (1m) (c), 71.30 (2m) (c), 71.80 (1m) (c) and 73.16 (3) (b); and to create 71.98 (8) of the statutes; 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. (FE)
Date / House | Action | Journal |
---|---|---|
4/20/2017 Asm. | Introduced by Representatives Katsma, Macco, Bernier, E. Brooks, R. Brooks, Duchow, Gannon, Hutton, Jacque, Jarchow, Kooyenga, Kremer, Kuglitsch, Kulp, Murphy, Neylon, Ripp, Skowronski and Tauchen; cosponsored by Senators Marklein, Craig, Kapenga, Nass, Olsen and Stroebel | |
4/20/2017 Asm. | Read first time and referred to Committee on Ways and Means | |
4/26/2017 Asm. | Representative Allen added as a coauthor | |
4/27/2017 Asm. | Fiscal estimate received | |
5/9/2017 Asm. | Public hearing held | |
1/23/2018 Asm. | Assembly Amendment 1 offered by Representative Katsma | |
2/1/2018 Asm. | Fiscal estimate received | |
2/13/2018 Asm. | Assembly Substitute Amendment 1 offered by Representatives Sargent, C. Taylor, Ohnstad, Doyle and Spreitzer | |
2/14/2018 Asm. | Executive action taken | |
2/20/2018 Asm. | Report Assembly Amendment 1 adoption recommended by Committee on Ways and Means, Ayes 11, Noes 5 | |
2/20/2018 Asm. | Report passage as amended recommended by Committee on Ways and Means, Ayes 11, Noes 5 | |
2/20/2018 Asm. | Referred to committee on Rules | |
2/20/2018 Asm. | Made a special order of business at 1:03 PM on 2-22-2018 pursuant to Assembly Resolution 27 | |
2/22/2018 Asm. | Read a second time | |
2/22/2018 Asm. | Assembly Substitute Amendment 2 offered by Representatives Kooyenga, Katsma and Macco | |
2/22/2018 Asm. | Assembly Substitute Amendment 2 adopted | |
2/22/2018 Asm. | Ordered to a third reading | |
2/22/2018 Asm. | Rules suspended | |
2/22/2018 Asm. | Read a third time and passed, Ayes 61, Noes 33 | |
2/22/2018 Asm. | Ordered immediately messaged | |
2/23/2018 Sen. | Received from Assembly | |
3/12/2018 Sen. | Read first time and referred to committee on Senate Organization | |
3/12/2018 Sen. | Available for scheduling | |
3/15/2018 Sen. | Referred to joint committee on Finance by Committee on Senate Organization pursuant to Senate Rule 41 (1)(e), Ayes 3, Noes 2 | |
3/15/2018 Sen. | Withdrawn from joint committee on Finance and made Available for Scheduling by committee on Senate Organization, pursuant to Senate Rule 41 (1)(e), Ayes 3, Noes 2 | |
3/15/2018 Sen. | Public hearing requirement waived by committee on Senate Organization, pursuant to Senate Rule 18 (1m), Ayes 3, Noes 2 | |
3/15/2018 Sen. | Placed on calendar 3-20-2018 pursuant to Senate Rule 18(1) | |
3/20/2018 Sen. | Senate Amendment 1 offered by Senators Ringhand, Miller, Shilling, Carpenter, Bewley, Wirch, Hansen, Larson, L. Taylor, Schachtner, Johnson, Vinehout, Erpenbach and Risser | |
3/20/2018 Sen. | Read a second time | |
3/20/2018 Sen. | Point of order that Senate Amendment 1 was not germane well taken | |
3/20/2018 Sen. | Decision of the Chair stands as the judgement of the Senate, Ayes 18, Noes 14 | |
3/20/2018 Sen. | Ordered to a third reading | |
3/20/2018 Sen. | Rules suspended | |
3/20/2018 Sen. | Read a third time and concurred in, Ayes 18, Noes 14 | |
3/20/2018 Sen. | Ordered immediately messaged | |
3/21/2018 Asm. | Received from Senate concurred in | |
3/27/2018 Asm. | LRB correction (Assembly Substitute Amendment 2) | |
3/27/2018 Asm. | Report correctly enrolled on 3-27-2018 | |
4/2/2018 Asm. | Presented to the Governor on 4-2-2018 | |
4/4/2018 Asm. | Report approved by the Governor on 4-3-2018. 2017 Wisconsin Act 231 | |
4/4/2018 Asm. | Published 4-4-2018 |