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Bills · 2017-2018 Regular Session

AB 176

Died at session end Official bill text Atom feed

Relating to: adopting a provision of the Internal Revenue Code related to the tax-free distribution from an individual retirement account to a qualified charitable organization. (FE)

Charitable corporation Income tax Retirement — Private plans

  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

For taxable years beginning after December 31, 2016, this bill adopts, for state

income and franchise tax purposes, a provision of the Internal Revenue Code

allowing an individual to make a tax-free distribution from his or her individual

retirement account directly to a qualified charitable organization, as defined under

federal law.

Under federal law, the maximum amount that may be distributed tax-free is

$100,000, and the distribution must occur on or after the date on which the

individual on whose behalf the IRA is maintained reaches the age of 70 1/2 years.

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: Allen (R) , Born (R) , E. Brooks (R) , Gannon (R) , Horlacher (R) , Katsma (R) , Kerkman (R) , Kleefisch (R) , Kooyenga (R) , Kremer (R) , Kulp (R) , Macco (R) , Murphy (R) , Mursau (R) , Nygren (R) , R. Brooks (R) , Ripp (R) , Rohrkaste (R) , Skowronski (R) , Spiros (R) , Thiesfeldt (R) , Tittl (R) , Tranel (R) , Tusler (R) , Vorpagel (R)

9 cosponsors

Ballweg (R) , Bernier (R) , Cowles (R) , Felzkowski (R) , Kapenga (R) , Marklein (R) , Olsen (R) , Stroebel (R) , Vukmir (R)

Votes

Assembly: Report passage recommended by Committee on Ways and Means, Ayes 9, Noes 1

Passed 9–1 Jun 2, 2017 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 20, 2017 · Assembly

    Introduced by Representatives Katsma, Vorpagel, Allen, Born, E. Brooks, R. Brooks, Gannon, Horlacher, Kerkman, Kleefisch, Kooyenga, Kremer, Kulp, Macco, Murphy, Mursau, Nygren, Ripp, Rohrkaste, Skowronski, Spiros, Thiesfeldt, Tittl, Tranel and Tusler; cosponsored by Senators Marklein, Stroebel, Cowles, Kapenga, Olsen and Vukmir

  2. Mar 20, 2017 · Assembly

    Read first time and referred to Committee on Ways and Means

  3. Mar 22, 2017 · Assembly

    Fiscal estimate received

  4. May 2, 2017 · Assembly

    Representative Bernier added as a coauthor

  5. May 4, 2017 · Assembly

    Representative Felzkowski added as a coauthor

  6. May 9, 2017 · Assembly

    Public hearing held

  7. Jun 1, 2017 · Assembly

    Representative Ballweg added as a coauthor

  8. Jun 1, 2017 · Assembly

    Executive action taken

  9. Jun 2, 2017 · Assembly

    Report passage recommended by Committee on Ways and Means, Ayes 9, Noes 1

  10. Jun 2, 2017 · Assembly

    Referred to joint survey committee on Tax Exemptions

  11. Mar 28, 2018 · Assembly

    Failed to pass pursuant to Senate Joint Resolution 1