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Bills · 2015-2016 Regular Session

AB 48

Died at session end Official bill text Atom feed

Relating to: the treatment of depreciation, depletion, and amortization for income and franchise tax purposes. (FE)

Corporation — Taxation Franchise — Taxation Income tax

  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 provides that, for purposes of computing depreciation, depletion, or

amortization, and deductions, under section

179

of the Internal Revenue Code, a

taxpayer may use the law in effect on January 1, 2013, for taxable years beginning

on or after January 1, 2014.

What it would cost

Fiscal estimates filed by state agencies, as official PDFs

Sponsors

Introduced by: Kooyenga (R)

1 cosponsors

Marklein (R)

Full history

  1. Feb 17, 2015 · Assembly

    Introduced by Representative Kooyenga; cosponsored by Senator Marklein

  2. Feb 17, 2015 · Assembly

    Read first time and referred to Committee on Ways and Means

  3. Feb 26, 2015 · Assembly

    Fiscal estimate received

  4. Apr 13, 2016 · Assembly

    Failed to pass pursuant to Senate Joint Resolution 1