MEMBERS:
SEN. ARIC NESBITT, VICE CHAIR
SEN. KEVIN DALEY
SEN. JON BUMSTEAD
SEN. CURTIS S. VANDERWALL
SEN. STEPHANIE CHANG, MINORITY VICE CHAIR
SEN. BETTY JEAN ALEXANDER
THE SENATE
COMMITTEE ON FINANCE
SENATOR JIM RUNESTAD
CHAI
7500 BINSFELD BUILDING
P.O. BOX 30036
LANSING, MICHIGAN 48909-7536
PHONE: (517) 373-1758
FAX: (517) 373-0938
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.
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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.
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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