Bills · 2009-2010 Regular Session
depreciation and expense deductions for property used in farming.
- Introduced, stopped here
- Passes Assembly, not reached
- Passes Senate, not reached
- Governor signs, not reached
- Law, not reached
Unfamiliar terms? Glossary
What this bill does
Plain-language analysis by the nonpartisan Legislative Reference Bureau
Under this bill, the sections of the federal Internal Revenue Code that apply to
amortization, depreciation, and expense deductions, and all subsequent changes to
those sections, apply for state income and franchise tax purposes to property used
in farming.
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
Full history
- Apr 6, 2010 · Assembly
Introduced by Representatives Tauchen, Ziegelbauer, Kestell, Molepske Jr., Gunderson, Strachota, Spanbauer, Berceau, Brooks, Fields, Kleefisch and Nass;Cosponsored by Senators Kedzie, Lassa, Taylor, Olsen and Leibham
- Apr 6, 2010 · Assembly
Read first time and referred to committee on Agriculture
- Apr 28, 2010 · Assembly
Failed to pass pursuant to Senate Joint Resolution 1
- Apr 30, 2010 · Assembly
Fiscal estimate received