Senate
Record of Committee Proceedings
Committee on Universities and Revenue
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.
November 07, 2023��� Referred to Committee on Universities and Revenue
January 17, 2024�������� Public Hearing Held
Present:������ (8)������� Senator Hutton; Senators James, Nass, Ballweg, Cabral-Guevara, Larson, Roys and Smith.
Absent:������ (0)������� None.
Excused:���� (0)������� None.
Appearances For
������ State Senator Howard Marklein - 17th Senate District
������ State Representative Terry Katsma - 26th Assembly District
������ General Counsel Jodi Jensen - WI Transportation Builders Association
Appearances Against
������ None.
Appearances for Information Only
������ None.
Registrations For
������ None.
Registrations Against
������ None.
Registrations for Information Only
������ None.
January 25, 2024�������� Executive Session Held by Paper Ballot
Present:������ (8)������� Senator Hutton; Senators James, Nass, Ballweg, Cabral-Guevara, Larson, Roys and Smith.
Absent:������ (0)������� None.
Excused:���� (0)������� None.
Moved by� that Senate Bill 616 be recommended for passage.
Ayes:���� (7)���� Senator Hutton; Senators James, Ballweg, Cabral-Guevara, Larson, Roys and Smith.
Noes:���� (1)���� Senator Nass.
PASSAGE RECOMMENDED, Ayes 7, Noes 1
______________________________
Patrick Kanarowski
Committee Clerk
