Bills · 2019-2020 Regular Session
Relating to: a limitation on the manufacturing component of the manufacturing and agriculture credit, a onetime increase in aids for special education, and making an appropriation. (FE)
Administration department of — Budget and fiscal issues Agricultural credit Children — Special educational needs Children and families department of Industrial development Revenue department of School — State aid
- Introduced, stopped here
- Passes Assembly, not reached
- Passes Senate, 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
Currently, a person may claim a tax credit on the basis of the person's income
from manufacturing or agriculture. This bill limits to $300,000 the amount of income
from manufacturing that a person may use as the basis for claiming the credit.
The bill also requires the Department of Revenue to estimate the increase in
revenue in 2021 that results from the changes made in this bill and directs the
secretary of the Department of Administration to apply that amount to aid to school
districts for special education for the fiscal year beginning July 1, 2021.
What it would cost
Fiscal estimates filed by state agencies, as official PDFs
Sponsors
Full history
- Feb 28, 2020 · Assembly
Introduced by Representatives C. Taylor, Stubbs, Emerson, Hebl, Pope, Sargent, Anderson, Considine, Brostoff, Kolste, Hesselbein, Ohnstad and Bowen; cosponsored by Senators Erpenbach, Carpenter, Wirch and Smith
- Feb 28, 2020 · Assembly
Read first time and referred to Committee on Ways and Means
- Mar 12, 2020 · Assembly
Fiscal estimate received
- Apr 1, 2020 · Assembly
Failed to pass pursuant to Senate Joint Resolution 1