MEMBERS: THE SENATE 7500 BINSFELD BUILDING SEN. , VICE CHAIR P.O. BOX 30036 SEN. KEVIN DALEY COMMITTEE ON FINANCE LANSING, 48909-7536 SEN. PHONE: (517) 373-1758 SENATOR SEN. CURTIS S. VANDERWALL FAX: (517) 373-0938 CHAI SEN. , MINORITY VICE CHAIR SEN.

COMMITTEE MEETING MINUTES February 27, 2020

A meeting of the Senate Committee on Finance was scheduled for Thursday, February 27, 2020, at 11:00 a.m., in the 1200 Room of the Binsfeld Building. ______The agenda summary is as follows:

1. Reported HB 4171 (Rep. Alexander) with recommendation and immediate effect. 2. Reported SB 725 (S-1) (Sen. Runestad) with recommendation and immediate effect. 3. Reported SB 726 (S-1) (Sen. Johnson) with recommendation and immediate effect. 4. Testimony regarding voluntary disclosure agreements. ______The Chair called the meeting to order at 11:20 a.m. He instructed the Clerk to call the roll. At that time, the following members were present: Chair Runestad, Sen.(s) Nesbitt, Daley, Bumstead, VanderWall, Chang and Alexander, a quorum was present.

The Chair entertained a motion by Sen. Nesbitt to adopt the meeting minutes from February 19, 2020, and February 24, 2020. Without objection, the minutes were adopted.

The Chair brought up HB 4171.

The Chair entertained a motion by Sen. Bumstead to report HB 4171 to the floor with recommendation that it pass. The vote was as follows: Yeas: Chair Runestad, Sen.(s) Nesbitt, Daley, Bumstead, VanderWall, Chang and Alexander Nays: None The motion prevailed, and the bill was reported.

The Chair moved to recommend immediate effect for HB 4171. Without objection, immediate effect was recommended.

The Chair brought up SB's 725 – 726 and offered an (S-1) version of each bill. The cards were read of those individuals not wishing to present testimony regarding SB's 725 - 726: Judy Allen, Michigan Townships Association – Support Brandon Betz, Michigan League for Public Policy – Support David Worthams, Michigan Bankers Association – Support Deena Bosworth, Michigan Association of Counties – Support Chris Hackbarth, Michigan Municipal League - Support

The Chair entertained a motion by Sen. VanderWall to adopt the (S-1) version of SB 725. The vote was as follows: Yeas: Chair Runestad, Sen.(s) Nesbitt, Daley, Bumstead, VanderWall, Chang and Alexander Nays: None The motion prevailed, and (S-1) was adopted.

The Chair entertained a motion by Sen. VanderWall to report SB 725 (S-1) to the floor with recommendation that it pass. The vote was as follows: Yeas: Chair Runestad, Sen.(s) Nesbitt, Daley, Bumstead, VanderWall, Chang and Alexander Nays: None The motion prevailed, and the bill was reported.

The Chair moved to recommend immediate effect for SB 725. Without objection, immediate effect was recommended.

The Chair entertained a motion by Sen. Daley to adopt the (S-1) version of SB 726. The vote was as follows: Yeas: Chair Runestad, Sen.(s) Nesbitt, Daley, Bumstead, VanderWall, Chang and Alexander Nays: None The motion prevailed, and (S-1) was adopted.

The Chair entertained a motion by Sen. Daley to report SB 726 (S-1) to the floor with recommendation that it pass. The vote was as follows: Yeas: Chair Runestad, Sen.(s) Nesbitt, Daley, Bumstead, VanderWall, Chang and Alexander Nays: None The motion prevailed, and the bill was reported.

The Chair moved to recommend immediate effect for SB 726. Without objection, immediate effect was recommended.

The Chair invited Jennifer Woodard, City of Grand Rapids Income Tax Administrator, and Chris Hackbarth of the Michigan Municipal League to provide testimony regarding voluntary disclosure agreements.

The Chair invited Catherine McClary, Washtenaw County Treasurer, representing the Michigan Association of County Treasurers to present testimony in support of SB's 725-726.

There being no further business before the committee, the Chair moved to adjourn the meeting. Without objection, the committee was adjourned at 12:00 p.m.

Date Adopted by Committee: 03/04/2020