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Bills · 2015-2016 Regular Session

SB 24

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 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 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: Marklein (R)

1 cosponsors

Kooyenga (R)

Votes

Senate: Report adoption of Senate Amendment 1 recommended by Committee on Revenue, Financial Institutions, and Rural Issues, Ayes 5, Noes 0

Passed 5–0 Feb 20, 2015 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 Revenue, Financial Institutions, and Rural Issues, Ayes 5, Noes 0

Passed 5–0 Feb 20, 2015 official source full page

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

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

Passed 5–0 Mar 13, 2015 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. Feb 6, 2015 · Senate

    Introduced by Senator Marklein; cosponsored by Representative Kooyenga

  2. Feb 6, 2015 · Senate

    Read first time and referred to Committee on Revenue, Financial Institutions, and Rural Issues

  3. Feb 11, 2015 · Senate

    Public hearing held

  4. Feb 17, 2015 · Senate

    Senate Amendment 1 offered by Senator Marklein

  5. Feb 19, 2015 · Senate

    Fiscal estimate received

  6. Feb 19, 2015 · Senate

    Executive action taken

  7. Feb 20, 2015 · Senate

    Report adoption of Senate Amendment 1 recommended by Committee on Revenue, Financial Institutions, and Rural Issues, Ayes 5, Noes 0

  8. Feb 20, 2015 · Senate

    Report passage as amended recommended by Committee on Revenue, Financial Institutions, and Rural Issues, Ayes 5, Noes 0

  9. Feb 20, 2015 · Senate

    Available for scheduling

  10. Mar 13, 2015 · Senate

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

  11. Apr 13, 2016 · Senate

    Failed to pass pursuant to Senate Joint Resolution 1