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Bills · 2023-2024 Regular Session

SB 389

Died at session end Official bill text Atom feed

Relating to: adopting changes to the federal Internal Revenue Code for state tax purposes. (FE)

Franchise — Taxation Income tax Legislature — Tax exemptions joint survey committee on

  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 adopts, for state income and franchise tax purposes, certain changes

made to the Internal Revenue Code by the following federal acts:

1. The American Rescue Plan Act of 2021.

2. The Infrastructure Investment and Jobs Act.

3. The Consolidated Appropriations Act of 2022.

4. The Inflation Reduction Act of 2022.

5. The Consolidated Appropriations Act of 2023.

The bill also updates the reference to the federal Internal Revenue Code

regarding the exclusion for gain from certain small business stock so that the

exclusion allowed under state law is always in compliance with the exclusion under

federal law.

Because this bill relates to an exemption from state or local taxes, it may be

referred to the Joint Survey Committee on Tax Exemptions for a report to be printed

as an appendix to the bill.

What it would cost

Fiscal estimates filed by state agencies, as official PDFs

Sponsors

Introduced by: Marklein (R)

2 cosponsors

Katsma (R) , Steffen (R)

Votes

Senate: Report adoption of Senate Substitute Amendment 1 recommended by Committee on Universities and Revenue, Ayes 8, Noes 0

Passed 8–0 Sep 22, 2023 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 Universities and Revenue, Ayes 8, Noes 0

Passed 8–0 Sep 22, 2023 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 Joint Committee on Finance, Ayes 15, Noes 0

Passed 15–0 Sep 26, 2023 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 Joint Committee on Finance, Ayes 15, Noes 0

Passed 15–0 Sep 26, 2023 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. Aug 11, 2023 · Senate

    Introduced by Senator Marklein; cosponsored by Representative Katsma

  2. Aug 11, 2023 · Senate

    Read first time and referred to Committee on Universities and Revenue

  3. Aug 23, 2023 · Senate

    Public hearing held

  4. Sep 12, 2023 · Senate

    Senate Substitute Amendment 1 offered by Senator Marklein

  5. Sep 15, 2023 · Senate

    Fiscal estimate received

  6. Sep 15, 2023 · Senate

    Senate Amendment 1 offered by Senator Roys

  7. Sep 19, 2023 · Senate

    Executive action taken

  8. Sep 22, 2023 · Senate

    Withdrawn from committee on Senate Organization and rereferred to joint committee on Finance pursuant to Senate Rule 46(2)(c)

  9. Sep 22, 2023 · Senate

    Report adoption of Senate Substitute Amendment 1 recommended by Committee on Universities and Revenue, Ayes 8, Noes 0

  10. Sep 22, 2023 · Senate

    Report passage as amended recommended by Committee on Universities and Revenue, Ayes 8, Noes 0

  11. Sep 22, 2023 · Senate

    Available for scheduling

  12. Sep 26, 2023 · Senate

    Executive action taken

  13. Sep 26, 2023 · Senate

    Senate Amendment 2 offered by Joint Committee on Finance

  14. Sep 26, 2023 · Senate

    Report adoption of Senate Substitute Amendment 1 recommended by Joint Committee on Finance, Ayes 15, Noes 0

  15. Sep 26, 2023 · Senate

    Report passage as amended recommended by Joint Committee on Finance, Ayes 15, Noes 0

  16. Sep 26, 2023 · Senate

    Available for scheduling

  17. Oct 12, 2023 · Senate

    Report of Joint Survey Committee on Tax Exemptions requested

  18. Oct 16, 2023 · Senate

    Report of Joint Survey Committee on Tax Exemptions received

  19. Oct 16, 2023 · Senate

    Placed on calendar 10-17-2023 pursuant to Senate Rule 18(1)

  20. Oct 17, 2023 · Senate

    Senate Amendment 1 to Senate Substitute Amendment 1 offered by Senators Roys, Larson, Smith, Agard, Carpenter, Hesselbein, L. Johnson, Pfaff, Spreitzer, Taylor and Wirch

  21. Oct 17, 2023 · Senate

    Representative Steffen added as a cosponsor

  22. Oct 17, 2023 · Senate

    Placed on the foot of the 11th order of business on the calendar of 10-17-2023

  23. Oct 17, 2023 · Senate

    Laid on table

  24. Apr 15, 2024 · Senate

    Failed to pass pursuant to Senate Joint Resolution 1