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2017-2018 Wisconsin Legislature

Senate Bill 203

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: S - Hold (Available for Scheduling)

Important Actions (newest first)

Date / House Action Journal
3/28/2018 Sen.Failed to pass pursuant to Senate Joint Resolution 1881
2/14/2018 Sen.Report passage as amended recommended by Committee on Revenue, Financial Institutions and Rural Issues, Ayes 3, Noes 2737

History

Date / House Action Journal
4/20/2017 Sen.Introduced by Senators Marklein, Craig, Kapenga, Nass, Olsen and Stroebel;
cosponsored by Representatives Katsma, Macco, Bernier, E. Brooks, R. Brooks, Duchow, Gannon, Hutton, Jacque, Jarchow, Kooyenga, Kremer, Kuglitsch, Kulp, Murphy, Neylon, Ripp, Skowronski and Tauchen
205
4/20/2017 Sen.Read first time and referred to Committee on Revenue, Financial Institutions and Rural Issues206
4/26/2017 Sen.Representative Allen added as a cosponsor215
4/28/2017 Sen.Fiscal estimate received 
12/8/2017 Sen.Representative Wichgers added as a cosponsor597
2/1/2018 Sen.Senate Amendment 1 offered by Senator Marklein698
2/7/2018 Sen.Public hearing held 
2/7/2018 Sen.Fiscal estimate received 
2/14/2018 Sen.Executive action taken 
2/14/2018 Sen.Report adoption of Senate Amendment 1 recommended by Committee on Revenue, Financial Institutions and Rural Issues, Ayes 4, Noes 1737
2/14/2018 Sen.Report passage as amended recommended by Committee on Revenue, Financial Institutions and Rural Issues, Ayes 3, Noes 2737
2/14/2018 Sen.Available for scheduling 
3/28/2018 Sen.Failed to pass pursuant to Senate Joint Resolution 1881
 
Content subject to change after proofing by Chief Clerk staff.