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Bills · 2009-2010 Regular Session

AB 184

Died at session end Official bill text Atom feed

increasing expense deductions for income and franchise tax purposes.

  1. Introduced, stopped here
  2. Passes Assembly, not reached
  3. Passes Senate, not reached
  4. Governor signs, not reached
  5. Law, not reached

Unfamiliar terms? Glossary

What this bill does

Plain-language analysis by the nonpartisan Legislative Reference Bureau

Under recent changes to federal law, the amount that a business may claim as

an expense deduction for federal income tax purposes increased from $25,000 to

$100,000 for property placed in service in 2003, 2004, and 2005. Under current law.

the increase in the expense deduction, for state income and franchise tax purposes,

applies only to property used in farming that is acquired and placed in service

beginning on or after January 1, 2008. An expense deduction for all other property

is subject to a $25,000 limit.

This bill increases the expense deduction limit to $50,000 for property that is

not used in farming and that is acquired and placed in service beginning on or after

January 1, 2008.

What it would cost

Fiscal estimates filed by state agencies, as official PDFs

Sponsors

Introduced by: A. Ott (R) , Brooks (R) , Gunderson (R) , Kleefisch (R) , LeMahieu (R) , Mursau (R) , Murtha (R) , Petrowski (R) , Roth (R) , Townsend (R) , Vos (R) , Ziegelbauer (I)

4 cosponsors

Darling (R) , Grothman (R) , Olsen (R) , Taylor (D)

Votes

Assembly: Report Assembly Substitute Amendment 1 adoption recommended by committee on Jobs, the Economy and Small Business, Ayes 13, Noes 0

Passed 13–0 Feb 22, 2010 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Full history

  1. Apr 2, 2009 · Assembly

    Introduced by Representatives Roth, Ziegelbauer, Vos, Townsend, Petrowski, A. Ott, Murtha, Mursau, LeMahieu, Kleefisch, Gunderson and Brooks;Cosponsored by Senators Taylor, Olsen, Grothman and Darling

  2. Apr 2, 2009 · Assembly

    Read first time and referred to committee on Jobs, the Economy and Small Business

  3. Apr 20, 2009 · Assembly

    Fiscal estimate received

  4. May 12, 2009 · Assembly

    Public hearing held

  5. Sep 17, 2009 · Assembly

    Assembly substitute amendment 1 offered by Representative Roth

  6. Oct 13, 2009 · Assembly

    Executive action taken

  7. Feb 22, 2010 · Assembly

    Report Assembly Substitute Amendment 1 adoption recommended by committee on Jobs, the Economy and Small Business, Ayes 13, Noes 0

  8. Feb 22, 2010 · Assembly

    Report passage as amended recommended by committee on Jobs, the Economy and Small Business, Ayes 13, Noes 0

  9. Feb 22, 2010 · Assembly

    Referred to joint committee on Finance

  10. Apr 28, 2010 · Assembly

    Failed to pass pursuant to Senate Joint Resolution 1