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Bills · 2009-2010 Regular Session

SB 26

Died at session end Official bill text Atom feed

allowing dairy cooperatives to claim the dairy manufacturing facility investment credit and making an appropriation.

  1. Introduced, stopped here
  2. Passes Senate, not reached
  3. Passes Assembly, 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 current law, a person may claim a credit against the person's income or

franchise tax liability that is equal to 10 percent of the amount that the person paid

in the taxable year for dairy manufacturing modernization or expansion related to

the claimant's dairy manufacturing operation. If the amount of the credit exceeds

the amount of the person's tax liability, the person receives a refund. Under current

law, dairy cooperatives are, generally, not subject to state income or franchise taxes

and, therefore, are not eligible to claim the credit for dairy manufacturing

modernization or expansion.

This bill allows the members of a dairy cooperative to claim the credit for the

dairy manufacturing modernization or expansion expenses paid by the cooperative.

The dairy cooperative determines the amount of the credit that each member may

claim, based on the amount of milk each member delivers to the cooperative.

What it would cost

Fiscal estimates filed by state agencies, as official PDFs

Sponsors

Introduced by: Erpenbach (D) , Harsdorf (R) , Hopper (R) , Schultz (R)

23 cosponsors

A. Ott (R) , Ballweg (R) , Bies (R) , Brooks (R) , Davis (R) , Gunderson (R) , Kestell (R) , Knodl (R) , LeMahieu (R) , Murtha (R) , Nerison (R) , Nygren (R) , Petrowski (R) , Rhoades (R) , Ripp (R) , Roth (R) , Spanbauer (R) , Stone (R) , Strachota (R) , Suder (R) , Tauchen (R) , Townsend (R) , Vos (R)

Full history

  1. Feb 3, 2009 · Senate

    Introduced by Senators Hopper, Erpenbach, Harsdorf and Schultz;Cosponsored by Representatives Ripp, A. Ott, Ballweg, Brooks, Davis, Gunderson, Kestell, Knodl, Murtha, Nerison, Nygren, Petrowski, Rhoades, Roth, Spanbauer, Stone, Strachota, Suder, Tauchen, Townsend, Vos, Bies and LeMahieu

  2. Feb 3, 2009 · Senate

    Read first time and referred to committee on Health, Health Insurance, Privacy, Property Tax Relief, and Revenue

  3. Mar 11, 2009 · Senate

    Fiscal estimate received (DOR)

  4. Apr 28, 2010 · Senate

    Failed to pass pursuant to Senate Joint Resolution 1