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Bills · 2019-2020 Regular Session

SB 818

Died at session end Official bill text Atom feed

Relating to: an income tax credit for the property taxes paid on agricultural buildings and improvements and making an appropriation. (FE)

Farm and farming Franchise — Taxation Income tax — Credit Property tax Revenue department of

  1. Introduced, stopped here
  2. Passes Senate, not reached
  3. Passes Assembly, 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 creates an income and franchise tax credit equal to approximately 66

percent of the taxes levied on buildings and other improvements, not including

residential property, that are located in this state and used exclusively for farming.

The credit is limited to $7,500 for an individual, entity, or married couple filing

jointly. In addition, in order to claim the credit, the claimant must have at least

$35,000 in annual gross income from farming. The person will receive a refund if the

amount of the credit exceeds the person's tax liability.

The bill also allows a taxpayer to claim the credit for 2020 online in the manner

determined by DOR rather than file a tax return to claim the credit. Claiming the

credit online for 2020 does not relieve the taxpayer of the taxpayer's obligation to

otherwise file a return for that year.

What it would cost

Fiscal estimates filed by state agencies, as official PDFs

Sponsors

Introduced by: Bernier (R) , Marklein (R) , Testin (R)

15 cosponsors

Ballweg (R) , Kitchens (R) , Krug (R) , Magnafici (R) , Novak (R) , Oldenburg (R) , Petryk (R) , Plumer (R) , Pronschinske (R) , Schraa (R) , Skowronski (R) , Summerfield (R) , Tauchen (R) , Tranel (R) , Tusler (R)

Votes

Senate: Report adoption of Senate Amendment 1 to Senate Substitute Amendment 1 recommended by Committee on Agriculture, Revenue and Financial Institutions, Ayes 9, Noes 0

Passed 9–0 Mar 16, 2020 official source full page

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

Senate: Report adoption of Senate Substitute Amendment 1 recommended by Committee on Agriculture, Revenue and Financial Institutions, Ayes 9, Noes 0

Passed 9–0 Mar 16, 2020 official source full page

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

Senate: Report passage as amended recommended by Committee on Agriculture, Revenue and Financial Institutions, Ayes 8, Noes 1

Passed 8–1 Mar 16, 2020 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. Feb 12, 2020 · Senate

    Introduced by Senators Marklein, Bernier and Testin; cosponsored by Representatives Tranel, Novak, Petryk, Pronschinske, Tauchen, Magnafici, Summerfield, Kitchens, Oldenburg, Plumer, Ballweg, Schraa, Krug, Skowronski and Tusler

  2. Feb 12, 2020 · Senate

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

  3. Feb 14, 2020 · Senate

    Fiscal estimate received

  4. Feb 24, 2020 · Senate

    Senate Substitute Amendment 1 offered by Senator Marklein

  5. Mar 2, 2020 · Senate

    Senate Amendment 1 to Senate Substitute Amendment 1 offered by Senator Marklein

  6. Mar 11, 2020 · Senate

    Public hearing held

  7. Mar 16, 2020 · Senate

    Available for scheduling

  8. Mar 16, 2020 · Senate

    Executive action taken

  9. Mar 16, 2020 · Senate

    Report adoption of Senate Amendment 1 to Senate Substitute Amendment 1 recommended by Committee on Agriculture, Revenue and Financial Institutions, Ayes 9, Noes 0

  10. Mar 16, 2020 · Senate

    Report adoption of Senate Substitute Amendment 1 recommended by Committee on Agriculture, Revenue and Financial Institutions, Ayes 9, Noes 0

  11. Mar 16, 2020 · Senate

    Report passage as amended recommended by Committee on Agriculture, Revenue and Financial Institutions, Ayes 8, Noes 1

  12. Apr 1, 2020 · Senate

    Failed to pass pursuant to Senate Joint Resolution 1