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2017-2018 Wisconsin Legislature

Assembly Bill 259

An Act to repeal 20.566 (1) (hn) and 73.03 (28d); to amend 71.10 (1m) (c), 71.30 (2m) (c), 71.80 (1m) (c) and 73.16 (3) (b); and to create 71.98 (8) of the statutes; Relating to: the length of the recognition period for built-in gains tax; the evidentiary standard for proving a transaction has economic substance; participation by the Department of Revenue in the Multistate Tax Commission Audit Program; and reliance by a taxpayer on past audits by the Department of Revenue. (FE)

Status: A - Enacted into Law

Important Actions (newest first)

Date / House Action Journal
4/4/2018 Asm.Published 4-4-2018928
3/20/2018 Sen.Read a third time and concurred in, Ayes 18, Noes 14847
2/22/2018 Asm.Read a third time and passed, Ayes 61, Noes 33839

History

Date / House Action Journal
4/20/2017 Asm.Introduced by Representatives Katsma, Macco, Bernier, E. Brooks, R. Brooks, Duchow, Gannon, Hutton, Jacque, Jarchow, Kooyenga, Kremer, Kuglitsch, Kulp, Murphy, Neylon, Ripp, Skowronski and Tauchen;
cosponsored by Senators Marklein, Craig, Kapenga, Nass, Olsen and Stroebel
171
4/20/2017 Asm.Read first time and referred to Committee on Ways and Means171
4/26/2017 Asm.Representative Allen added as a coauthor184
4/27/2017 Asm.Fiscal estimate received 
5/9/2017 Asm.Public hearing held 
1/23/2018 Asm.Assembly Amendment 1 offered by Representative Katsma658
2/1/2018 Asm.Fiscal estimate received 
2/13/2018 Asm.Assembly Substitute Amendment 1 offered by Representatives Sargent, C. Taylor, Ohnstad, Doyle and Spreitzer729
2/14/2018 Asm.Executive action taken 
2/20/2018 Asm.Report Assembly Amendment 1 adoption recommended by Committee on Ways and Means, Ayes 11, Noes 5785
2/20/2018 Asm.Report passage as amended recommended by Committee on Ways and Means, Ayes 11, Noes 5785
2/20/2018 Asm.Referred to committee on Rules786
2/20/2018 Asm.Made a special order of business at 1:03 PM on 2-22-2018 pursuant to Assembly Resolution 27820
2/22/2018 Asm.Read a second time839
2/22/2018 Asm.Assembly Substitute Amendment 2 offered by Representatives Kooyenga, Katsma and Macco839
2/22/2018 Asm.Assembly Substitute Amendment 2 adopted839
2/22/2018 Asm.Ordered to a third reading839
2/22/2018 Asm.Rules suspended839
2/22/2018 Asm.Read a third time and passed, Ayes 61, Noes 33839
2/22/2018 Asm.Ordered immediately messaged839
2/23/2018 Sen.Received from Assembly789
3/12/2018 Sen.Read first time and referred to committee on Senate Organization818
3/12/2018 Sen.Available for scheduling 
3/15/2018 Sen.Referred to joint committee on Finance by Committee on Senate Organization pursuant to Senate Rule 41 (1)(e), Ayes 3, Noes 2832
3/15/2018 Sen.Withdrawn from joint committee on Finance and made Available for Scheduling by committee on Senate Organization, pursuant to Senate Rule 41 (1)(e), Ayes 3, Noes 2832
3/15/2018 Sen.Public hearing requirement waived by committee on Senate Organization, pursuant to Senate Rule 18 (1m), Ayes 3, Noes 2832
3/15/2018 Sen.Placed on calendar 3-20-2018 pursuant to Senate Rule 18(1)833
3/20/2018 Sen.Senate Amendment 1 offered by Senators Ringhand, Miller, Shilling, Carpenter, Bewley, Wirch, Hansen, Larson, L. Taylor, Schachtner, Johnson, Vinehout, Erpenbach and Risser842
3/20/2018 Sen.Read a second time847
3/20/2018 Sen.Point of order that Senate Amendment 1 was not germane well taken847
3/20/2018 Sen.Decision of the Chair stands as the judgement of the Senate, Ayes 18, Noes 14847
3/20/2018 Sen.Ordered to a third reading847
3/20/2018 Sen.Rules suspended847
3/20/2018 Sen.Read a third time and concurred in, Ayes 18, Noes 14847
3/20/2018 Sen.Ordered immediately messaged852
3/21/2018 Asm.Received from Senate concurred in891
3/27/2018 Asm.LRB correction (Assembly Substitute Amendment 2)913
3/27/2018 Asm.Report correctly enrolled on 3-27-2018912
4/2/2018 Asm.Presented to the Governor on 4-2-2018925
4/4/2018 Asm.Report approved by the Governor on 4-3-2018. 2017 Wisconsin Act 231927
4/4/2018 Asm.Published 4-4-2018928
 
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