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Bills · 2009-2010 Regular Session

AB 608

Died at session end Official bill text Atom feed

adopting Internal Revenue Code provisions related to individual retirement accounts.

  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 federal law, section 512 of Public Law 109-222, the Tax Increase

Prevention and Reconciliation Act of 2005, allows taxpayers who have adjusted gross

income over $100,000 to convert amounts from a traditional individual retirement

account (IRA) to a Roth IRA and pay the federal tax on the IRA distribution over two

years. This bill adopts section 512 of Public Law 109-222 for state income and

franchise tax purposes.

Because this bill relates to an exemption from state or local taxes, it may be

referred to the Joint Survey Committee on Tax Exemptions for a report to be printed

as an appendix to the bill.

What it would cost

Fiscal estimates filed by state agencies, as official PDFs

Sponsors

Introduced by: Brooks (R) , Davis (R) , Gottlieb (R) , Gunderson (R) , Gundrum (R) , Honadel (R) , Huebsch (R) , J. Ott (R) , Kaufert (R) , Kerkman (R) , Knodl (R) , Kramer (R) , LeMahieu (R) , Molepske Jr. (D) , Montgomery (R) , Mursau (R) , Spanbauer (R) , Strachota (R) , Suder (R) , Tauchen (R) , Townsend (R) , Vos (R) , Vukmir (R) , Ziegelbauer (I) , Zigmunt (D) , Zipperer (R)

6 cosponsors

Grothman (R) , Harsdorf (R) , Holperin (D) , Kapanke (R) , Kedzie (R) , Sullivan (D)

Full history

  1. Dec 8, 2009 · Assembly

    Introduced by Representatives Strachota, Zigmunt, Gottlieb, Brooks, Kaufert, Zipperer, Mursau, Gunderson, Ziegelbauer, Vos, Vukmir, Kerkman, Kramer, Davis, Montgomery, Tauchen, J. Ott, LeMahieu, Spanbauer, Knodl, Townsend, Suder, Huebsch, Honadel, Gundrum and Molepske Jr.;Cosponsored by Senators Grothman, Holperin, Kedzie, Sullivan, Harsdorf and Kapanke

  2. Dec 8, 2009 · Assembly

    Read first time and referred to joint committee on Finance

  3. Dec 8, 2009 · Assembly

    Read first time and referred to joint survey committee on Tax Exemptions

  4. Dec 15, 2009 · Assembly

    Fiscal estimate received

  5. Apr 28, 2010 · Assembly

    Failed to pass pursuant to Senate Joint Resolution 1