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Bills · 2019-2020 Regular Session

SB 876

Died at session end Official bill text Atom feed

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

  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

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

Introduced by: Carpenter (D) , Erpenbach (D) , Smith (D) , Wirch (D)

13 cosponsors

Anderson (D) , Bowen (D) , Brostoff (D) , C. Taylor (D) , Considine (D) , Emerson (D) , Hebl (D) , Hesselbein (D) , Kolste (D) , Ohnstad (D) , Pope (D) , Sargent (D) , Stubbs (D)

Full history

  1. Feb 28, 2020 · Senate

    Introduced by Senators Erpenbach, Carpenter, Wirch and Smith; cosponsored by Representatives C. Taylor, Stubbs, Emerson, Hebl, Pope, Sargent, Anderson, Considine, Brostoff, Kolste, Hesselbein, Ohnstad and Bowen

  2. Feb 28, 2020 · Senate

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

  3. Mar 12, 2020 · Senate

    Fiscal estimate received

  4. Apr 1, 2020 · Senate

    Failed to pass pursuant to Senate Joint Resolution 1