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Bills · 2011-2012 Regular Session

SB 60

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

4 cosponsors

Ballweg (R) , Petryk (R) , Spanbauer (R) , Vos (R)

Votes

Senate: Report adoption of Senate Substitute Amendment 1 recommended by committee on Economic Development and Veterans and Military Affairs, Ayes 7, Noes 0

Passed 7–0 Oct 19, 2011 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Senate: Report passage as amended recommended by committee on Economic Development and Veterans and Military Affairs, Ayes 7, Noes 0

Passed 7–0 Oct 19, 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 15, 2011 · Senate

    Introduced by Senators Wanggaard, Darling, Schultz and Leibham;Cosponsored by Representatives Petryk, Spanbauer, Ballweg and Vos

  2. Apr 15, 2011 · Senate

    Read first time and referred to committee on Economic Development and Veterans and Military Affairs

  3. May 26, 2011 · Senate

    Fiscal estimate received

  4. Sep 19, 2011 · Senate

    Senate substitute amendment 1 offered by Senator Wanggaard

  5. Sep 27, 2011 · Senate

    Public hearing held

  6. Oct 11, 2011 · Senate

    Fiscal estimate received

  7. Oct 18, 2011 · Senate

    Executive action taken

  8. Oct 19, 2011 · Senate

    Referred to joint committee on Finance by committee on Senate Organization, pursuant to Senate Rule 41 (1)(e), Ayes 5, Noes 0

  9. Oct 19, 2011 · Senate

    Report adoption of Senate Substitute Amendment 1 recommended by committee on Economic Development and Veterans and Military Affairs, Ayes 7, Noes 0

  10. Oct 19, 2011 · Senate

    Report passage as amended recommended by committee on Economic Development and Veterans and Military Affairs, Ayes 7, Noes 0

  11. Oct 19, 2011 · Senate

    Available for scheduling

  12. Mar 23, 2012 · Senate

    Failed to pass pursuant to Senate Joint Resolution 1