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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 - Ways and Means

Important Actions (newest first)

Date / House Action Journal
2/14/2018 Asm.Executive action taken 

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 
 
Content subject to change after proofing by Chief Clerk staff.