WI SB203 | 2017-2018 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 25-0)
Status: Failed on March 28 2018 - 100% progression
Action: 2018-03-28 - Failed to pass pursuant to Senate Joint Resolution 1
Text: Latest bill text (Introduced) [PDF]
Spectrum: Partisan Bill (Republican 25-0)
Status: Failed on March 28 2018 - 100% progression
Action: 2018-03-28 - Failed to pass pursuant to Senate Joint Resolution 1
Text: Latest bill text (Introduced) [PDF]
Summary
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)
Title
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)
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2018-03-28 | Senate | Failed to pass pursuant to Senate Joint Resolution 1 |
| 2018-02-14 | Senate | Available for scheduling |
| 2018-02-14 | Senate | Report passage as amended recommended by Committee on Revenue, Financial Institutions and Rural Issues, Ayes 3, Noes 2 |
| 2018-02-14 | Senate | Report adoption of Senate Amendment 1 recommended by Committee on Revenue, Financial Institutions and Rural Issues, Ayes 4, Noes 1 |
| 2018-02-14 | Senate | Executive action taken |
| 2018-02-07 | Senate | Fiscal estimate received |
| 2018-02-07 | Senate | Public hearing held |
| 2018-02-01 | Senate | Senate Amendment 1 offered by Senator Marklein |
| 2017-12-08 | Senate | Representative Wichgers added as a cosponsor |
| 2017-04-28 | Senate | Fiscal estimate received |
| 2017-04-26 | Senate | Representative Allen added as a cosponsor |
| 2017-04-20 | Senate | Read first time and referred to Committee on Revenue, Financial Institutions and Rural Issues |
| 2017-04-20 | Senate | Introduced |
Wisconsin State Sources
| Type | Source |
|---|---|
| Summary | https://docs.legis.wisconsin.gov/2017/proposals/reg/sen/bill/sb203 |
| Text | https://docs.legis.wisconsin.gov/document/proposaltext/2017/REG/SB203.pdf |
