Record of Committee Proceedings
Joint Survey Committee on Tax Exemptions
Assembly Bill 658
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 Representatives Katsma, Born, Dallman, Edming, Kurtz, Mursau, Nedweski, Novak, O'Connor, Penterman, Plumer, Schutt, Steffen, Wichgers and Jacobson; cosponsored by Senators Marklein, Ballweg, Pfaff and Tomczyk.
January 11, 2024�������� Referred to Joint Survey Committee on Tax Exemptions
February 08, 2024������ Executive Session Held
Present:������ (8)������� Senator Testin; Representative August; Senators Marklein and Hesselbein; Representatives Swearingen and Goyke; Secretary Barca; Public Member Keenan.
Absent:������ (1)������� Public Member Kessler.
Excused:���� (0)������� None.
Moved by Senator Testin, seconded by Representative August that Assembly Bill 658 be recommended for Recommend that the tax exemption provisions of Assembly Bill 658 are good public policy: .
Ayes:���� (8)���� Senator Testin; Representative August; Senators Marklein and Hesselbein; Representatives Swearingen and Goyke; Secretary Barca; Public Member Keenan.
Noes:���� (0)���� None.
RECOMMEND THAT THE TAX EXEMPTION PROVISIONS OF ASSEMBLY BILL 658 ARE GOOD PUBLIC POLICY:� RECOMMENDED, Ayes 8, Noes 0
______________________________
Ariana Beno
Committee Clerk
