Senate
Record of Committee Proceedings
Committee on Agriculture, Revenue and Financial Institutions
Senate Bill 440
Relating to: income and franchise tax benefit for investment in Wisconsin opportunity zones and providing a penalty.
By Senators Feyen, Ringhand, Bewley, Darling, Hansen, Miller, Petrowski, L. Taylor and Testin; cosponsored by Representatives VanderMeer, Billings, Allen, Bowen, Edming, Fields, Kolste, Krug, Kulp, Milroy, Mursau, Novak, Nygren, Oldenburg, Ohnstad, Pope, Quinn, Rohrkaste, Skowronski, Spiros, Spreitzer, Subeck, Summerfield, Tauchen, C. Taylor, Thiesfeldt, Tranel, Tusler, Vining, Vruwink and Neylon.
September 23, 2019 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
· Legislative Affairs Director Michael Welsh - Wisconsin Economic Development Association
· Mayor Cory Mason - City of Racine & WEDA
· Willam Martin - WI Diversified Investments & WEDA
· Joy Hanneman - Merge Development & WEDA
· Rep Jill Billings - 95th assembly district
· Senator Dan Feyen
· Rep Nancy VanderMeer - 70th AD
Appearances Against
· Jon Peacock
Appearances for Information Only
· None.
Registrations For
· Curt Witynski - League of Wisconsin municipalities
Registrations Against
· None.
Registrations for Information Only
· None.
February 06, 2020 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 Bernier that Senate Amendment 1 be recommended for adoption.
Ayes: (9) Senator Marklein; Senators Petrowski, Testin, Jacque, Bernier, Smith, Ringhand, Risser and Larson.
Noes: (0) None.
SENATE AMENDMENT 1 ADOPTION RECOMMENDED, Ayes 9, Noes 0
Moved by Senator Smith, seconded by Senator Risser that Senate Amendment 2 be recommended for adoption.
Ayes: (4) Senators Smith, Ringhand, Risser and Larson.
Noes: (5) Senator Marklein; Senators Petrowski, Testin, Jacque and Bernier.
SENATE AMENDMENT 2 ADOPTION, Ayes 4, Noes 5
Moved by Senator Smith, seconded by Senator Risser that Senate Amendment 3 be recommended for adoption.
Ayes: (4) Senators Smith, Ringhand, Risser and Larson.
Noes: (5) Senator Marklein; Senators Petrowski, Testin, Jacque and Bernier.
SENATE AMENDMENT 3 ADOPTION, Ayes 4, Noes 5
Moved by Senator Smith, seconded by Senator Larson that Senate Amendment 4 be recommended for adoption.
Ayes: (4) Senators Smith, Ringhand, Risser and Larson.
Noes: (5) Senator Marklein; Senators Petrowski, Testin, Jacque and Bernier.
SENATE AMENDMENT 4 ADOPTION, Ayes 4, Noes 5
Moved by Senator Risser, seconded by Senator Smith that Senate Amendment 5 be recommended for adoption.
Ayes: (4) Senators Smith, Ringhand, Risser and Larson.
Noes: (5) Senator Marklein; Senators Petrowski, Testin, Jacque and Bernier.
SENATE AMENDMENT 5 ADOPTION, Ayes 4, Noes 5
Moved by Senator Petrowski, seconded by Senator Bernier that Senate Bill 440 be recommended for passage as amended.
Ayes: (7) Senator Marklein; Senators Petrowski, Testin, Jacque, Bernier, Smith and Ringhand.
Noes: (2) Senators Risser and Larson.
PASSAGE AS AMENDED RECOMMENDED, Ayes 7, Noes 2
______________________________
Vincent Williams
Committee Clerk
