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Bills · 2017-2018 Regular Session

AB 108

Died at session end Official bill text Atom feed

Relating to: creating a corporate income and franchise tax credit for amounts contributed by an employer into an employee's college savings account. (FE)

Corporation — Taxation Employment Franchise — Taxation 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 a nonrefundable corporate income and franchise tax credit for

certain amounts contributed by an employer into an employee's college savings

account. The credit is nonrefundable, meaning that it may be claimed only up to the

amount of the corporation's income or franchise tax liability.

What it would cost

Fiscal estimates filed by state agencies, as official PDFs

Sponsors

Introduced by: Allen (R) , Anderson (D) , Horlacher (R) , Kerkman (R) , Kleefisch (R) , Kremer (R) , R. Brooks (R) , Skowronski (R) , Thiesfeldt (R)

5 cosponsors

Feyen (R) , Lasee (R) , Olsen (R) , Testin (R) , Wanggaard (R)

Votes

Assembly: Report Assembly Amendment 1 adoption recommended by Committee on Ways and Means, Ayes 7, Noes 5

Passed 7–5 Jan 24, 2018 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 Committee on Ways and Means, Ayes 8, Noes 4

Passed 8–4 Jan 24, 2018 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. Mar 1, 2017 · Assembly

    Introduced by Representatives Kremer, Allen, Anderson, R. Brooks, Horlacher, Kerkman, Kleefisch, Skowronski and Thiesfeldt; cosponsored by Senators Feyen, Lasee, Olsen, Testin and Wanggaard

  2. Mar 1, 2017 · Assembly

    Read first time and referred to Committee on Ways and Means

  3. Mar 9, 2017 · Assembly

    Fiscal estimate received

  4. May 8, 2017 · Assembly

    Assembly Amendment 1 offered by Representative Kremer

  5. May 9, 2017 · Assembly

    Public hearing held

  6. Jan 11, 2018 · Assembly

    Executive action taken

  7. Jan 24, 2018 · Assembly

    Report Assembly Amendment 1 adoption recommended by Committee on Ways and Means, Ayes 7, Noes 5

  8. Jan 24, 2018 · Assembly

    Report passage as amended recommended by Committee on Ways and Means, Ayes 8, Noes 4

  9. Jan 24, 2018 · Assembly

    Referred to committee on Rules

  10. Mar 28, 2018 · Assembly

    Failed to pass pursuant to Senate Joint Resolution 1