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Bills · 2011-2012 Regular Session

AB 107

Died at session end Official bill text Atom feed

a property tax credit for business expansion and making an appropriation.

  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

This bill creates a property tax credit for business expansion within a

municipality. The credit is equal to the amount determined by multiplying the school

tax rate by the estimated fair market value of improvements to real property and

acquisitions of personal property made by owners of commercial or manufacturing

property. The credit only applies to improvements and acquisitions that are made

as part of a business expanding in the municipality and the business employs at least

ten more employees than it did three months prior to applying for the credit. The

credit may be claimed for two years.

What it would cost

Fiscal estimates filed by state agencies, as official PDFs

Sponsors

Introduced by: Ballweg (R) , Bernier (R) , Endsley (R) , Jacque (R) , Knilans (R) , Petryk (R) , Spanbauer (R) , Steineke (R) , T. Larson (R) , Vos (R)

4 cosponsors

Darling (R) , Leibham (R) , Schultz (R) , Wanggaard (R)

Votes

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

Passed 13–1 Oct 6, 2011 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 26, 2011 · Assembly

    Introduced by Representatives Petryk, Spanbauer, Ballweg, Vos, Jacque, T. Larson, Endsley, Bernier, Knilans and Steineke;Cosponsored by Senators Wanggaard, Darling, Schultz and Leibham

  2. Apr 26, 2011 · Assembly

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

  3. Jun 3, 2011 · Assembly

    Fiscal estimate received

  4. Aug 9, 2011 · Assembly

    Public hearing held

  5. Sep 22, 2011 · Assembly

    Assembly substitute amendment 1 offered by Representative Petryk

  6. Sep 30, 2011 · Assembly

    Fiscal estimate received

  7. Oct 4, 2011 · Assembly

    Executive action taken

  8. Oct 6, 2011 · Assembly

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

  9. Oct 6, 2011 · Assembly

    Report passage as amended recommended by committee on Jobs, Economy and Small Business, Ayes 13, Noes 1

  10. Oct 6, 2011 · Assembly

    Referred to joint committee on Finance

  11. Mar 23, 2012 · Assembly

    Failed to pass pursuant to Senate Joint Resolution 1