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Bills · 2015-2016 Regular Session

AB 486

Died at session end Official bill text Atom feed

Relating to: allowing taxpayers to claim early stage seed investment credits for investments in the fund of funds. (FE)

Business Corporation — Taxation Income tax — Credit

  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 allows a taxpayer to claim an early stage seed investment credit based

on the taxpayer's investment through the state's fund of funds investment program

in a qualified new business venture. Currently, a taxpayer may claim an early stage

seed investment credit equal to 25 percent of the taxpayer's investment paid to a fund

manager that the fund manager invests in a certified new business venture.

What it would cost

Fiscal estimates filed by state agencies, as official PDFs

Sponsors

Introduced by: Doyle (D) , Edming (R) , Krug (R) , Murphy (R) , Neylon (R) , R. Brooks (R) , Rohrkaste (R) , T. Larson (R) , Tittl (R)

2 cosponsors

Darling (R) , Kapenga (R)

Votes

Assembly: Report passage recommended by Committee on Ways and Means, Ayes 11, Noes 2

Passed 11–2 Feb 1, 2016 official source full page

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

Assembly: Report Assembly Amendment 1 adoption recommended by Joint Committee on Finance, Ayes 14, Noes 0

Passed 14–0 Feb 11, 2016 official source full page

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

Assembly: Report Assembly Amendment 2 adoption recommended by Joint Committee on Finance, Ayes 14, Noes 0

Passed 14–0 Feb 11, 2016 official source full page

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

Assembly: Report passage as amended recommended by Joint Committee on Finance, Ayes 14, Noes 0

Passed 14–0 Feb 11, 2016 official source full page

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

Assembly: Assembly Amendment 1 laid on table, Ayes 72, Noes 24

Passed 72–24 Feb 16, 2016 official source full page

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

Assembly: Assembly Amendment 2 laid on table, Ayes 82, Noes 14

Passed 82–14 Feb 16, 2016 official source full page

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

Assembly: Assembly Amendment 3 laid on table, Ayes 62, Noes 34

Passed 62–34 Feb 16, 2016 official source full page

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

Assembly: Read a third time and passed, Ayes 95, Noes 1

Passed 95–1 Feb 16, 2016 official source full page

Aye · 95

Nay · 1

Not voting · 3

Full history

  1. Nov 9, 2015 · Assembly

    Introduced by Representatives Neylon, Krug, Doyle, Edming, T. Larson, Murphy, Rohrkaste, Tittl and R. Brooks; cosponsored by Senator Darling

  2. Nov 9, 2015 · Assembly

    Read first time and referred to Committee on Ways and Means

  3. Nov 23, 2015 · Assembly

    Fiscal estimate received

  4. Dec 3, 2015 · Assembly

    Public hearing held

  5. Dec 3, 2015 · Assembly

    Fiscal estimate received

  6. Dec 15, 2015 · Assembly

    Fiscal estimate received

  7. Jan 7, 2016 · Assembly

    Executive action taken

  8. Feb 1, 2016 · Assembly

    Report passage recommended by Committee on Ways and Means, Ayes 11, Noes 2

  9. Feb 1, 2016 · Assembly

    Referred to joint committee on Finance

  10. Feb 10, 2016 · Assembly

    Assembly Amendment 1 offered by Joint Committee on Finance

  11. Feb 10, 2016 · Assembly

    Assembly Amendment 2 offered by Joint Committee on Finance

  12. Feb 10, 2016 · Assembly

    Executive action taken

  13. Feb 11, 2016 · Assembly

    Report Assembly Amendment 1 adoption recommended by Joint Committee on Finance, Ayes 14, Noes 0

  14. Feb 11, 2016 · Assembly

    Report Assembly Amendment 2 adoption recommended by Joint Committee on Finance, Ayes 14, Noes 0

  15. Feb 11, 2016 · Assembly

    Report passage as amended recommended by Joint Committee on Finance, Ayes 14, Noes 0

  16. Feb 11, 2016 · Assembly

    Referred to committee on Rules

  17. Feb 11, 2016 · Assembly

    Placed on calendar 2-16-2016 by Committee on Rules

  18. Feb 16, 2016 · Assembly

    Placed at the foot of the calendar of 2-16-2016

  19. Feb 16, 2016 · Assembly

    Read a second time

  20. Feb 16, 2016 · Assembly

    Assembly Amendment 1 laid on table, Ayes 72, Noes 24

  21. Feb 16, 2016 · Assembly

    Assembly Amendment 2 laid on table, Ayes 82, Noes 14

  22. Feb 16, 2016 · Assembly

    Assembly Amendment 3 offered by Representatives Stuck, Barca, Shankland and Jorgensen

  23. Feb 16, 2016 · Assembly

    Assembly Amendment 3 laid on table, Ayes 62, Noes 34

  24. Feb 16, 2016 · Assembly

    Assembly Amendment 4 offered by Representative Neylon

  25. Feb 16, 2016 · Assembly

    Assembly Amendment 4 adopted

  26. Feb 16, 2016 · Assembly

    Ordered to a third reading

  27. Feb 16, 2016 · Assembly

    Rules suspended

  28. Feb 16, 2016 · Assembly

    Read a third time and passed, Ayes 95, Noes 1

  29. Feb 16, 2016 · Assembly

    Ordered immediately messaged

  30. Feb 17, 2016 · Senate

    Received from Assembly

  31. Feb 17, 2016 · Senate

    Read first time and referred to committee on Senate Organization

  32. Feb 17, 2016 · Senate

    Available for scheduling

  33. Feb 19, 2016 · Senate

    Senator Kapenga added as a cosponsor

  34. Apr 13, 2016 · Senate

    Failed to concur in pursuant to Senate Joint Resolution 1