Senate

Record of Committee Proceedings

Committee on Revenue, Financial Institutions and Rural Issues

Senate Bill 75

Relating to: creating a corporate income and franchise tax credit for amounts contributed by an employer into an employee's college savings account.

By Senators Feyen, Testin, Lasee, Olsen and Wanggaard; cosponsored by Representatives Kremer, Horlacher, Skowronski, Allen, R. Brooks, Thiesfeldt, Anderson, Kleefisch and Kerkman.

February 21, 2017       Referred to Committee on Revenue, Financial Institutions and Rural Issues

May 24, 2017              Public Hearing Held

Present:       (5)        Senator Marklein; Senators LeMahieu, Tiffany, Ringhand and Vinehout.

Absent:       (0)        None.

Excused:     (0)        None.

Appearances For

·      Sen. Dan  Feyen - 18th Senate District

·      Rep. Jesse Kremer - 59th Assembly District

Appearances Against

·      None.

Appearances for Information Only

·      None.

Registrations For

·      Ray Cross - UW System

·      Ron Kuehn - Professional Insurance Agents of Wisconsin

·      Steve Baas - Metropolitan Milwaukee Association of Commerce

·      Christian Tscheschlok - Economic Development of Washington County

Registrations Against

·      None.

Registrations for Information Only

·      None.

October 11, 2017        Executive Session Held

Present:       (5)        Senator Marklein; Senators LeMahieu, Tiffany, Ringhand and Vinehout.

Absent:       (0)        None.

Excused:     (0)        None.

Moved by Senator LeMahieu, seconded by Senator Tiffany that Senate Amendment 1 be recommended for adoption.

Ayes:     (5)     Senator Marklein; Senators LeMahieu, Tiffany, Ringhand and Vinehout.

Noes:     (0)     None.

SENATE AMENDMENT 1 ADOPTION RECOMMENDED, Ayes 5, Noes 0

Moved by Senator Tiffany, seconded by Senator LeMahieu that Senate Bill 75 be recommended for passage as amended.

Ayes:     (4)     Senator Marklein; Senators LeMahieu, Tiffany and Ringhand.

Noes:     (1)     Senator Vinehout.

PASSAGE AS AMENDED RECOMMENDED, Ayes 4, Noes 1

______________________________

Vincent Williams

Committee Clerk