• House debate lasted about 7 hours last night, into this morning
• The chamber suspend a rule preventing votes from being taken past midnight
• Worked through 47 amendments
• Vote: 52 for, 42 against, closely following party lines.
• 5 Republicans joined Democrats in voting against: Representatives Bergan, Heaton, McKean, Taylor and Zumbach
• Absent: Representatives Upmeyer, Sieck, Forbes, Gaines and Meyer
• Representative Nielsen abstained from voting
• Goes back to the Senate with amendments
• See resolution 41.E2 of our guiding principles for language supporting this legislation
• Sections 3-7, 10, 11, 13 and 16 are good policy changes for our REC members
• Provides regulatory parity and clarifies IUB oversight of locally rate-regulated utilities
• Includes several code “clean-up” provisions helping streamline the statute for locally rate-regulated utilities    

• SSB3195: The original Governor's bill, with a strike/replace of items on the Senate summary below
• Would increase taxes on Credit Unions
• 20% QBI deduction coupled at 100% (does not couple with DPAD, subsection g)
• Removes federal deductibility
• Section 179 deduction increased to $500,000
• Increases standard deduction to $12,000/$24,000

• HF2489 (old HSB671): The Governor's bill with House amendments-- passed out of committee on a party line vote, click button below for summary
• Does NOT increase taxes for Credit Unions
• Fully couples 199A at 25% (this would also couple with DPAD-- which Senate side does not do)
• Section 179 coupled at $100,000 for 2018 and 2019, up to $250,000 for 2020
• No longer removes federal deductibility
• Monitoring to make sure taxes are not increased for members

• House Ways and Means approved the bill with an amendment, now on House debate calendar
• Passed out of Senate on 39-8 vote with amendment S5189: would delay portions of implementation by 3 years
• Would change property tax structure for telephone companies from an outdated unit valuation to an assessment mechanism that is neutral, competitive, simple & consistent

• Renews & extends the tax credit out to the year 2023

• Impact of Revised Section 199A on Grain Producers

• Criticism Over House GOP Farm Bill Grows & 2018 Farm Bill Advances from House Ag Committee
• 2018 Farm Bill budget is $112 billion less than the 2014 Farm Bill
• Most adults between 18 and 59 will need to work part time or take 20 hours/week of workforce training to receive SNAP
• Budgets $1 billion/year in funding
• #1 reason people are unemployed: can't pass a drug test
• #2 reason people are unemployed: can't read/write
• Restores full funding to FMD and MAP