An Act to repeal 20.566 (1) (hn) and 73.03 (28d); to amend 71.10 (1m) (c), 71.30 (2m) (c), 71.80 (1m) (c) and 73.16 (3) (b); and to create 71.98 (8) of the statutes; Relating to: the length of the recognition period for built-in gains tax; the evidentiary standard for proving a transaction has economic substance; participation by the Department of Revenue in the Multistate Tax Commission Audit Program; and reliance by a taxpayer on past audits by the Department of Revenue. (FE)
| Date / House | Action | Journal |
|---|---|---|
| 4/20/2017 Sen. | Introduced by Senators Marklein, Craig, Kapenga, Nass, Olsen and Stroebel; cosponsored by Representatives Katsma, Macco, Bernier, E. Brooks, R. Brooks, Duchow, Gannon, Hutton, Jacque, Jarchow, Kooyenga, Kremer, Kuglitsch, Kulp, Murphy, Neylon, Ripp, Skowronski and Tauchen | |
| 4/20/2017 Sen. | Read first time and referred to Committee on Revenue, Financial Institutions and Rural Issues | |
| 4/26/2017 Sen. | Representative Allen added as a cosponsor | |
| 4/28/2017 Sen. | Fiscal estimate received | |
| 12/8/2017 Sen. | Representative Wichgers added as a cosponsor | |
| 2/1/2018 Sen. | Senate Amendment 1 offered by Senator Marklein | |
| 2/7/2018 Sen. | Public hearing held | |
| 2/7/2018 Sen. | Fiscal estimate received | |
| 2/14/2018 Sen. | Executive action taken | |
| 2/14/2018 Sen. | Report adoption of Senate Amendment 1 recommended by Committee on Revenue, Financial Institutions and Rural Issues, Ayes 4, Noes 1 | |
| 2/14/2018 Sen. | Report passage as amended recommended by Committee on Revenue, Financial Institutions and Rural Issues, Ayes 3, Noes 2 | |
| 2/14/2018 Sen. | Available for scheduling | |
| 3/28/2018 Sen. | Failed to pass pursuant to Senate Joint Resolution 1 |
