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Bills · 2015-2016 Regular Session

AB 739

Died at session end Official bill text Atom feed

Relating to: creating an individual income tax deduction for certain interest paid on qualified education loans. (FE)

Income tax — Deduction Interest Legislature — Tax exemptions, joint survey committee on Scholarships and loans

  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 creates an individual income tax subtract modification, or deduction,

for interest paid by a claimant on certain qualified education loans, to the extent that

the claimant has not already deducted such interest from his federal taxes. Under

federal law, a deduction for qualified education loan interest exists but the deduction

is capped at $2,500 per year, and the maximum deduction amount is phased down

to zero as the claimant's income rises to the annual income limit that is set under

federal law.

Because this bill relates to an exemption from state or local taxes, it may be

referred to the Joint Survey Committee on Tax Exemptions for a report to be printed

as an appendix to the bill.

What it would cost

Fiscal estimates filed by state agencies, as official PDFs

Sponsors

Introduced by: A. Ott (R) , Bernier (R) , Czaja (R) , Duchow (R) , Horlacher (R) , Knodl (R) , Kremer (R) , Kulp (R) , Macco (R) , Murphy (R) , Mursau (R) , Petryk (R) , Quinn (R) , Rodriguez (R) , Tranel (R)

5 cosponsors

Gudex (R) , Lasee (R) , Marklein (R) , Moulton (R) , Nass (R)

Votes

Assembly: Report passage recommended by Committee on Colleges and Universities, Ayes 9, Noes 5

Passed 9–5 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 of joint survey committee on Tax Exemptions received, Ayes 7, Noes 2

Passed 7–2 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: Refused to revive Assembly Substitute Amendment 1, Ayes 35, Noes 63

Failed 35–63 Feb 16, 2016 official source full page

Nay · 63

Not voting · 1

Assembly: Read a third time and passed, Ayes 61, Noes 37

Passed 61–37 Feb 16, 2016 official source full page

Aye · 61

Not voting · 1

Full history

  1. Jan 19, 2016 · Assembly

    Introduced by Representatives Macco, Murphy, Kulp, Czaja, Mursau, Kremer, Knodl, Duchow, Quinn, A. Ott, Tranel, Petryk, Horlacher, Rodriguez and Bernier; cosponsored by Senators Marklein, Gudex, Lasee, Moulton and Nass

  2. Jan 19, 2016 · Assembly

    Read first time and referred to Committee on Colleges and Universities

  3. Jan 21, 2016 · Assembly

    Fiscal estimate received

  4. Jan 21, 2016 · Assembly

    Public hearing held by committee on Colleges and Universities

  5. Jan 22, 2016 · Assembly

    Referred to joint survey committee on Tax Exemptions pursuant to Assembly Rule 42 (1)(b)

  6. Jan 26, 2016 · Assembly

    Assembly Substitute Amendment 1 offered by Representatives Wachs, Berceau, Billings, Hesselbein and Jorgensen

  7. Jan 27, 2016 · Assembly

    Executive action taken by joint survey committee on Tax Exemptions

  8. Jan 28, 2016 · Assembly

    Executive action taken by committee on Colleges and Universities

  9. Feb 1, 2016 · Assembly

    Referred to joint committee on Finance

  10. Feb 1, 2016 · Assembly

    Report of joint survey committee on Tax Exemptions received, Ayes 7, Noes 2

  11. Feb 1, 2016 · Assembly

    Report passage recommended by Committee on Colleges and Universities, Ayes 9, Noes 5

  12. Feb 5, 2016 · Assembly

    Withdrawn from joint committee on Finance and referred to committee on Rules

  13. Feb 11, 2016 · Assembly

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

  14. Feb 15, 2016 · Assembly

    Assembly Amendment 1 offered by Representative Jorgensen

  15. Feb 16, 2016 · Assembly

    Read a second time

  16. Feb 16, 2016 · Assembly

    Refused to revive Assembly Substitute Amendment 1, Ayes 35, Noes 63

  17. Feb 16, 2016 · Assembly

    Assembly Amendment 1 withdrawn and returned to author

  18. Feb 16, 2016 · Assembly

    Ordered to a third reading

  19. Feb 16, 2016 · Assembly

    Rules suspended

  20. Feb 16, 2016 · Assembly

    Read a third time and passed, Ayes 61, Noes 37

  21. Feb 16, 2016 · Assembly

    Ordered immediately messaged

  22. Feb 17, 2016 · Senate

    Received from Assembly

  23. Feb 17, 2016 · Senate

    Read first time and referred to committee on Universities and Technical Colleges

  24. Mar 10, 2016 · Senate

    Withdrawn from committee on Universities and Technical Colleges and rereferred to committee on Senate Organization pursuant to Senate Rule 46(2)(c)

  25. Mar 10, 2016 · Senate

    Available for scheduling

  26. Apr 13, 2016 · Senate

    Failed to concur in pursuant to Senate Joint Resolution 1