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Bills · 2019-2020 Regular Session

AB 430

Died at session end Official bill text Atom feed

Relating to: including crop insurance proceeds in the manufacturing and agricultural tax credit. (FE)

Agricultural credit Corporation — Taxation Damage to property Industrial development Insurance — Miscellaneous

  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 includes crop insurance proceeds in a person's production gross

receipts for purposes of the manufacturing and agricultural tax credit.

Currently, a person may claim a tax credit on the basis of the person's income

from manufacturing or agriculture. The starting point for calculating the credit is

determining the person's production gross receipts, which are the gross receipts from

the lease, rental, license, sale, exchange, or other disposition of tangible personal

property that is either manufactured by the claimant on property assessed as

manufacturing property or produced, grown, or extracted by the claimant on or from

property assessed as agricultural property. Under the bill, insurance proceeds that

are received by a person due to the destruction of, or damage to, crops are included

in the person's production gross receipts and, therefore, included in the calculation

of the credit's value.

What it would cost

Fiscal estimates filed by state agencies, as official PDFs

Sponsors

Introduced by: Dittrich (R) , Edming (R) , Horlacher (R) , Kulp (R) , Kurtz (R) , Loudenbeck (R) , Novak (R) , Petryk (R) , Plumer (R) , Ramthun (R) , Tauchen (R) , Thiesfeldt (R) , Tranel (R) , Tusler (R) , VanderMeer (R) , Vruwink (D)

7 cosponsors

Ballweg (R) , Bernier (R) , Jacque (R) , Marklein (R) , Olsen (R) , Stroebel (R) , Testin (R)

Full history

  1. Sep 12, 2019 · Assembly

    Introduced by Representatives Vruwink, Edming, Horlacher, Kulp, Kurtz, Loudenbeck, Novak, Petryk, Plumer, Ramthun, Tauchen, Thiesfeldt, Tranel, Tusler, VanderMeer and Dittrich; cosponsored by Senators Marklein, Bernier, Jacque, Olsen, Stroebel and Testin

  2. Sep 12, 2019 · Assembly

    Read first time and referred to Committee on Ways and Means

  3. Sep 24, 2019 · Assembly

    Fiscal estimate received

  4. Oct 10, 2019 · Assembly

    Representative Ballweg added as a coauthor

  5. Dec 19, 2019 · Assembly

    Public hearing held

  6. Apr 1, 2020 · Assembly

    Failed to pass pursuant to Senate Joint Resolution 1