Skip to content

Bills · 2011-2012 Regular Session

SB 14

Died at session end Official bill text Atom feed

adopting federal bonus depreciation tax provisions for state income and franchise tax purposes.

  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

This bill adopts, for state income and franchise tax purposes, recent changes to

federal law related to a depreciation allowance for certain property. Under the bill,

generally, a taxpayer may take a depreciation deduction equal to 100 percent of the

adjusted basis of qualified property for property placed in service after September

8, 2010, and before January 1, 2012. A taxpayer may take a 50 percent depreciation

deduction for such property placed in service after December 31, 2011, and before

January 1, 2013.

What it would cost

Fiscal estimates filed by state agencies, as official PDFs

Sponsors

Introduced by: Grothman (R) , Holperin (D) , Hopper (R) , Lazich (R) , Zipperer (R)

14 cosponsors

Bies (R) , Brooks (R) , Jacque (R) , LeMahieu (R) , Marklein (R) , Petrowski (R) , Ripp (R) , Rivard (R) , Spanbauer (R) , Steineke (R) , Strachota (R) , T. Larson (R) , Van Roy (R) , Vos (R)

Full history

  1. Feb 2, 2011 · Senate

    Introduced by Senators Lazich, Grothman, Hopper, Zipperer and Holperin;Cosponsored by Representatives Marklein, Ripp, Strachota, Van Roy, Steineke, Brooks, Petrowski, LeMahieu, Jacque, Vos, T. Larson, Spanbauer, Rivard and Bies

  2. Feb 2, 2011 · Senate

    Read first time and referred to committee on Public Health, Human Services, and Revenue

  3. Feb 11, 2011 · Senate

    Fiscal estimate received

  4. Apr 21, 2011 · Senate

    Public hearing held

  5. Mar 23, 2012 · Senate

    Failed to pass pursuant to Senate Joint Resolution 1