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Bills · 2019-2020 Regular Session

SB 387

Became law 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, completed
  2. Passes Senate, completed
  3. Passes Assembly, completed
  4. Governor signs, completed
  5. Law, completed

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

18 cosponsors

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

Votes

Senate: Report passage recommended by Committee on Agriculture, Revenue and Financial Institutions, Ayes 7, Noes 2

Passed 7–2 Oct 24, 2019 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Senate: Referred to joint committee on Finance by Committee on Senate Organization pursuant to Senate Rule 41 (1)(e), Ayes 5, Noes 0

Passed 5–0 Jan 17, 2020 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Senate: Withdrawn from joint committee on Finance and made Available for Scheduling by committee on Senate Organization, pursuant to Senate Rule 41 (1)(e), Ayes 5, Noes 0

Passed 5–0 Jan 17, 2020 official source full page

No individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.

Senate: PASSAGE

Passed 30–3 Jan 21, 2020 official source full page

Full history

  1. Sep 5, 2019 · Senate

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

  2. Sep 5, 2019 · Senate

    Read first time and referred to Committee on Agriculture, Revenue and Financial Institutions

  3. Sep 5, 2019 · Senate

    Representative Dittrich added as a cosponsor

  4. Sep 6, 2019 · Senate

    Fiscal estimate received

  5. Sep 9, 2019 · Senate

    Representative Skowronski added as a cosponsor

  6. Oct 10, 2019 · Senate

    Public hearing held

  7. Oct 10, 2019 · Senate

    Representative Ballweg added as a cosponsor

  8. Oct 24, 2019 · Senate

    Executive action taken

  9. Oct 24, 2019 · Senate

    Report passage recommended by Committee on Agriculture, Revenue and Financial Institutions, Ayes 7, Noes 2

  10. Oct 24, 2019 · Senate

    Available for scheduling

  11. Jan 17, 2020 · Senate

    Referred to joint committee on Finance by Committee on Senate Organization pursuant to Senate Rule 41 (1)(e), Ayes 5, Noes 0

  12. Jan 17, 2020 · Senate

    Withdrawn from joint committee on Finance and made Available for Scheduling by committee on Senate Organization, pursuant to Senate Rule 41 (1)(e), Ayes 5, Noes 0

  13. Jan 17, 2020 · Senate

    Placed on calendar 1-21-2020 pursuant to Senate Rule 18(1)

  14. Jan 21, 2020 · Senate

    Read a second time

  15. Jan 21, 2020 · Senate

    Ordered to a third reading

  16. Jan 21, 2020 · Senate

    Rules suspended

  17. Jan 21, 2020 · Senate

    Read a third time and passed, Ayes 30, Noes 3

  18. Jan 21, 2020 · Senate

    Ordered immediately messaged

  19. Jan 21, 2020 · Assembly

    Received from Senate

  20. Feb 18, 2020 · Assembly

    Read first time and referred to committee on Rules

  21. Feb 18, 2020 · Assembly

    Made a special order of business at 11:39 AM on 2-20-2020 pursuant to Assembly Resolution 21

  22. Feb 20, 2020 · Assembly

    Read a second time

  23. Feb 20, 2020 · Assembly

    Ordered to a third reading

  24. Feb 20, 2020 · Assembly

    Rules suspended

  25. Feb 20, 2020 · Assembly

    Read a third time and concurred in

  26. Feb 20, 2020 · Assembly

    Ordered immediately messaged

  27. Feb 21, 2020 · Senate

    Received from Assembly concurred in

  28. Feb 25, 2020 · Senate

    Report correctly enrolled

  29. Feb 25, 2020 · Senate

    LRB correction

  30. Feb 28, 2020 · Senate

    Presented to the Governor on 2-28-2020

  31. Mar 4, 2020 · Senate

    Report approved by the Governor on 3-3-2020. 2019 Wisconsin Act 167

  32. Mar 4, 2020 · Senate

    Published 3-4-2020