P - Present
Roll Call
OTHERS PRESENT: See Original Minutes
The meeting was called to order by Chair Mc Nenny
MOTION:
TO APPROVE THE MINUTES OF JANUARY 12, 2007
The Chair deferred SB 42 until another day.
Lois Henry
E - Excused
A - Absent
E Duenwald
E Garnos
P Hansen (Tom)
P Jerstad
P Koetzle
P Lintz, Vice-Chair
P Peterson (Jim)
P Turbak
P McNenny, Chair
Moved by: Hansen (Tom)
Second by: Koetzle
Action: Prevailed by voice vote.
SB 40: revise the distribution process for the bank franchise tax.
Presented by: Michael Kenyon, Department of Revenue and Regulation
Commentators: Jeremiah Murphy, Citibank of South Dakota
Curt Everson, South Dakota Bankers Association
MOTION:
DO PASS SB 40
Moved by: Hansen (Tom)
Second by: Peterson (Jim)
Action: Prevailed by roll call vote.(6-0-3-0)
Voting Yes: Hansen (Tom), Koetzle, Lintz, Peterson (Jim), Turbak, McNenny
Excused: Duenwald, Garnos, Jerstad
MOTION:
PLACE SB 40 ON CONSENT CALENDAR
Moved by: Koetzle
Second by: Turbak
Action: Prevailed by voice vote.
SB 41: revise the procedures used to assess and collect unpaid cigarette taxes.
Presented by: Michael Kenyon, Department of Revenue and Regulation
MOTION:
DO PASS SB 41
Moved by: Hansen (Tom)
Second by: Turbak
Action: Prevailed by roll call vote.(6-1-2-0)
Voting Yes: Hansen (Tom), Jerstad, Lintz, Peterson (Jim), Turbak, McNenny
Voting No: Koetzle
Excused: Duenwald, Garnos
SB 42: revise the discount provided to tobacco distributors purchasing tobacco
stamps and to revise and repeal certain provisions regarding the cigarette tax.
MOTION:
ADJOURN
Moved by: Hansen (Tom)
Second by: Lintz
Action: Prevailed by voice vote.
Committee Secretary
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