Record of Committee Proceedings
Joint Committee on Finance
Senate Bill 616
Relating to: a sales tax exemption for road-building equipment; increasing the income tax withholding threshold for nonresidents; modifying the certification requirement for a qualified opportunity fund; prohibiting certain lottery games; and extending the capital gains exclusion to family members who inherit certain farms organized as a partnership or limited liability company.
By Senators Marklein, Ballweg, Pfaff and Tomczyk; cosponsored by Representatives Katsma, Born, Dallman, Edming, Kurtz, Mursau, Nedweski, Novak, O'Connor, Penterman, Plumer, Schutt, Steffen, Wichgers and Jacobson.
February 05, 2024������ Referred to Joint Committee on Finance
February 07, 2024������ Executive Session Held
Present:������ (15)����� Senator Marklein; Representative Born; Senators Stroebel, Felzkowski, Ballweg, Testin, Wimberger, L. Johnson and Roys; Representatives Katsma, Zimmerman, Kurtz, Dallman, McGuire and Andraca.
Absent:������ (0)������� None.
Excused:���� (1)������� Representative Rodriguez.
Moved by Representative Katsma, seconded by Senator Marklein that Senate Amendment 1 be recommended for adoption.
Ayes:���� (15)�� Senator Marklein; Representative Born; Senators Stroebel, Felzkowski, Ballweg, Testin, Wimberger, L. Johnson and Roys; Representatives Katsma, Zimmerman, Kurtz, Dallman, McGuire and Andraca.
Noes:���� (0)���� None.
SENATE AMENDMENT 1 ADOPTION RECOMMENDED, Ayes 15, Noes 0
Moved by Representative Katsma, seconded by Senator Marklein that Senate Bill 616 be recommended for passage as amended.
Ayes:���� (15)�� Senator Marklein; Representative Born; Senators Stroebel, Felzkowski, Ballweg, Testin, Wimberger, L. Johnson and Roys; Representatives Katsma, Zimmerman, Kurtz, Dallman, McGuire and Andraca.
Noes:���� (0)���� None.
PASSAGE AS AMENDED RECOMMENDED, Ayes 15, Noes 0
______________________________
Joe Malkasian
Committee Clerk
