Bills · 2011-2012 Regular Session
allowing members of a dairy cooperative to claim the dairy manufacturing facility investment credit in the next taxable year.
- 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 current law, a member of a dairy cooperative may claim the dairy
manufacturing facility investment income tax credit based on amounts paid in the
taxable year by the cooperative to modernize or expand its dairy operation. The dairy
cooperative member claims an amount that is in proportion to the amount of milk
that the member delivers to the cooperative. The cooperative member claims the
credit for the taxable year in which the dairy cooperative pays amounts to modernize
or expand its dairy operation.
This bill allows the member of a dairy cooperative to claim the dairy
manufacturing facility investment credit in either the taxable year in which the
dairy cooperative makes the eligible expenditures or in the next taxable year.
What it would cost
Fiscal estimates filed by state agencies, as official PDFs
Sponsors
Votes
Assembly: Report Assembly Substitute Amendment 1 adoption recommended by committee on Agriculture, Ayes 14, Noes 0
Passed 14–0 Feb 14, 2012 official source full pageNo individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.
Full history
- Nov 1, 2011 · Assembly
Introduced by Representatives Tranel, Ripp, Nerison, A. Ott, Tauchen, Brooks, Spanbauer, Kerkman, Kestell, Marklein, Endsley, Jorgensen and Radcliffe;Cosponsored by Senators Harsdorf, Schultz, Olsen, Moulton and Lasee
- Nov 1, 2011 · Assembly
Read first time and referred to committee on Agriculture
- Dec 21, 2011 · Assembly
Fiscal estimate received
- Jan 27, 2012 · Assembly
Assembly substitute amendment 1 offered by Representative Tranel
- Feb 9, 2012 · Assembly
Public hearing held
- Feb 9, 2012 · Assembly
Executive action taken
- Feb 14, 2012 · Assembly
Report Assembly Substitute Amendment 1 adoption recommended by committee on Agriculture, Ayes 14, Noes 0
- Feb 14, 2012 · Assembly
Report passage as amended recommended by committee on Agriculture, Ayes 14, Noes 0
- Feb 14, 2012 · Assembly
Referred to committee on Rules
- Feb 16, 2012 · Assembly
Placed on calendar 2-21-2012 by committee on Rules
- Feb 21, 2012 · Assembly
Laid on the table
- Mar 23, 2012 · Assembly
Failed to pass pursuant to Senate Joint Resolution 1