Senate
Record of Committee Proceedings
Committee on Universities and Revenue
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.
November 07, 2023 Referred to Committee on Universities and Revenue
January 17, 2024 Public Hearing Held
Present: (8) Senator Hutton; Senators James, Nass, Ballweg, Cabral-Guevara, Larson, Roys and Smith.
Absent: (0) None.
Excused: (0) None.
Appearances For
· State Senator Howard Marklein - 17th Senate District
· State Representative Terry Katsma - 26th Assembly District
· General Counsel Jodi Jensen - WI Transportation Builders Association
Appearances Against
· None.
Appearances for Information Only
· None.
Registrations For
· None.
Registrations Against
· None.
Registrations for Information Only
· None.
January 25, 2024 Executive Session Held by Paper Ballot
Present: (8) Senator Hutton; Senators James, Nass, Ballweg, Cabral-Guevara, Larson, Roys and Smith.
Absent: (0) None.
Excused: (0) None.
Moved by that Senate Bill 616 be recommended for passage.
Ayes: (7) Senator Hutton; Senators James, Ballweg, Cabral-Guevara, Larson, Roys and Smith.
Noes: (1) Senator Nass.
PASSAGE RECOMMENDED, Ayes 7, Noes 1
______________________________
Patrick Kanarowski
Committee Clerk
