Senate

Record of Committee Proceedings

Committee on Agriculture, Revenue and Financial Institutions

Senate Bill 208

Relating to: allocation of early stage seed investment credit to offset taxes imposed on insurers.

By Senators Marklein, L. Taylor, Cowles, Feyen, Olsen and Tiffany; cosponsored by Representatives Zimmerman, Fields, Brandtjen, Crowley, Haywood, Hutton, Kuglitsch, Kulp, Krug, Loudenbeck, Macco, Murphy, Ohnstad, Ott, Quinn, Ramthun, Rohrkaste, Sinicki, Skowronski, Tauchen, Thiesfeldt, Vruwink and Zamarripa.

May 15, 2019              Referred to Committee on Agriculture, Revenue and Financial Institutions

August 20, 2019         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

·      President Tom Still - Wisconsin technology council

·      Managing Director John Neis - Venture Investors LLC

Appearances Against

·      None.

Appearances for Information Only

·      None.

Registrations For

·      Rep Zimmerman

·      Stephen Lyons - Wisconsin Techmology Council

Registrations Against

·      None.

Registrations for Information Only

·      None.

September 18, 2019    Executive Session Held

Present:       (9)        Senator Marklein; Senators Petrowski, Testin, Jacque, Bernier, Smith, Ringhand, Risser and Larson.

Absent:       (0)        None.

Excused:     (0)        None.

Moved by Senator Petrowski, seconded by Senator Testin that Senate Bill 208 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