Record of Committee Proceedings
Joint Committee on Finance
Senate Bill 616
Relating to: a sales tax exemption for road-building equipment; increasing the income tax withholding threshold for nonresidents; modifying the certification requirement for a qualified opportunity fund; prohibiting certain lottery games; and extending the capital gains exclusion to family members who inherit certain farms organized as a partnership or limited liability company.
By Senators Marklein, Ballweg, Pfaff and Tomczyk; cosponsored by Representatives Katsma, Born, Dallman, Edming, Kurtz, Mursau, Nedweski, Novak, O'Connor, Penterman, Plumer, Schutt, Steffen, Wichgers and Jacobson.
February 05, 2024 Referred to Joint Committee on Finance
February 07, 2024 Executive Session Held
Present: (15) Senator Marklein; Representative Born; Senators Stroebel, Felzkowski, Ballweg, Testin, Wimberger, L. Johnson and Roys; Representatives Katsma, Zimmerman, Kurtz, Dallman, McGuire and Andraca.
Absent: (0) None.
Excused: (1) Representative Rodriguez.
Moved by Representative Katsma, seconded by Senator Marklein that Senate Amendment 1 be recommended for adoption.
Ayes: (15) Senator Marklein; Representative Born; Senators Stroebel, Felzkowski, Ballweg, Testin, Wimberger, L. Johnson and Roys; Representatives Katsma, Zimmerman, Kurtz, Dallman, McGuire and Andraca.
Noes: (0) None.
SENATE AMENDMENT 1 ADOPTION RECOMMENDED, Ayes 15, Noes 0
Moved by Representative Katsma, seconded by Senator Marklein that Senate Bill 616 be recommended for passage as amended.
Ayes: (15) Senator Marklein; Representative Born; Senators Stroebel, Felzkowski, Ballweg, Testin, Wimberger, L. Johnson and Roys; Representatives Katsma, Zimmerman, Kurtz, Dallman, McGuire and Andraca.
Noes: (0) None.
PASSAGE AS AMENDED RECOMMENDED, Ayes 15, Noes 0
______________________________
Joe Malkasian
Committee Clerk
