Bills · 2017-2018 Regular Session
Relating to: eliminating deductions for moving expenses for businesses that move out of the state or out of the United States. (FE)
Business Corporation — Taxation Franchise — Taxation
- Introduced, stopped here
- Passes Senate, not reached
- Passes Assembly, not reached
- Governor signs, not reached
- Law, not reached
Unfamiliar terms? Glossary
What this bill does
Plain-language analysis by the nonpartisan Legislative Reference Bureau
Under current law, a business may deduct from its income or franchise tax
liability all expenses that the business paid to move its operations from one location
to another, including expenses paid to relocate outside the state. Under this bill, a
business may not deduct expenses paid to move outside the state or outside the
United States.
What it would cost
Fiscal estimates filed by state agencies, as official PDFs
Sponsors
Full history
- Feb 21, 2017 · Senate
Introduced by Senators Bewley, Wirch, Hansen, Johnson, Carpenter, Risser, Shilling, Ringhand, C. Larson and Vinehout; cosponsored by Representatives C. Taylor, Milroy, Horlacher, Mason, Anderson, Goyke, Ohnstad, Riemer, Kolste, Pope, Considine, Sinicki, Fields, Zamarripa, Sargent, Spreitzer, Hesselbein, Berceau, Billings and Subeck
- Feb 21, 2017 · Senate
Read first time and referred to Committee on Revenue, Financial Institutions and Rural Issues
- Mar 1, 2017 · Senate
Fiscal estimate received
- Mar 28, 2018 · Senate
Failed to pass pursuant to Senate Joint Resolution 1