Record of Committee Proceedings

Joint Committee on Finance

Assembly Bill 327

Relating to: increasing the net capital loss deduction.

By Representatives Sortwell, Brooks, Allen, Dittrich, Horlacher, Knodl, Krug, Kuglitsch, Moses, Murphy, Steffen, Thiesfeldt, Wichgers and Zimmerman; cosponsored by Senators Kooyenga, Ballweg, Jacque and Nass.

January 27, 2022         Referred to Joint Committee on Finance

February 09, 2022       Executive Session Held

Present:       (15)      Senator Marklein; Representative Born; Senators Stroebel, Felzkowski, Bernier, Ballweg, Erpenbach and Johnson; Representatives Loudenbeck, Katsma, Zimmerman, J. Rodriguez, Kurtz, Goyke and B. Meyers.

Absent:       (0)        None.

Excused:     (1)        Senator Kooyenga.

Moved by Senator Marklein, seconded by Representative Katsma that Assembly Amendment 1 be recommended for adoption.

Ayes:     (15)   Senator Marklein; Representative Born; Senators Stroebel, Felzkowski, Bernier, Ballweg, Erpenbach and Johnson; Representatives Loudenbeck, Katsma, Zimmerman, J. Rodriguez, Kurtz, Goyke and B. Meyers.

Noes:     (0)     None.

ASSEMBLY AMENDMENT 1 ADOPTION RECOMMENDED, Ayes 15, Noes 0

Moved by Senator Marklein, seconded by Representative Katsma that Assembly Bill 327 be recommended for passage as amended.

Ayes:     (15)   Senator Marklein; Representative Born; Senators Stroebel, Felzkowski, Bernier, Ballweg, Erpenbach and Johnson; Representatives Loudenbeck, Katsma, Zimmerman, J. Rodriguez, Kurtz, Goyke and B. Meyers.

Noes:     (0)     None.

PASSAGE AS AMENDED RECOMMENDED, Ayes 15, Noes 0

______________________________

Joe Malkasian

Committee Clerk