SB 501-FN-A (1994): relative to the business transition credit with respect to the business enterprise tax.

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BibTeX: @misc{bill-1994-sb501, title = {SB 501-FN-A (1994): relative to the business transition credit with respect to the business enterprise tax.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/1994/sb501}, note = {Accessed 24 Oct. 2026} }

SB 501-FN-A (1994)

relative to the business transition credit with respect to the business enterprise tax.

Status: Signed into law
Term: 1993-1994
House committee: Ways and Means
Senate committee: Ways and Means
Subject: Taxes - State
Chapter law: 232

The Story

It was introduced on January 5, 1994 and referred to the Senate Ways and Means committee. The committee held a public hearing on January 25, 1994. The committee recommended that the Senate pass it. On February 10, 1994 the Senate voted to pass it on a voice vote. It crossed to the House on February 16, 1994 and was referred to the House Ways and Means committee. The committee held a public hearing on March 22, 1994. The majority of the committee recommended that the House pass it unanimously, 18–0. On May 11, 1994 the House voted to pass it on a voice vote. The bill was enrolled on May 17, 1994 — the final check of the text before it goes to the governor. The governor signed it on May 27, 1994, making it Chapter 232 of the session laws. It took effect on July 1, 1993.

Hearings and Sessions

January 25, 1994, 9:45 AM: hearing, Senate Ways and Means, RM101,LOB
March 22, 1994, 11:00 AM: hearing, House Ways and Means, RM304,LOB

Votes

February 10, 1994, Senate: Ought to Pass — voice vote, passed
May 11, 1994, House: Ought to Pass — voice vote, passed

The Docket

January 5, 1994: INTRODUCED AND REF TO WAYS & MEANS; SJ1,P5
January 5, 1994: //CANCELLED//HEARING JAN18 08:30 RM101,LOB FOR: WAYS & MEANS
January 25, 1994: RESCHEDULED HEARING JAN25 09:45 RM101,LOB FOR: W&M
February 9, 1994: COMM REPORT OTP FEB10
February 10, 1994: PASSED VV; SJ5,P118 + 119
February 16, 1994: INTRODUCED AND REF TO WAYS & MEANS; HJ27,P808
March 22, 1994: HEARING MAR22 11:00 RM304,LOB FOR: WAYS & MEANS
May 4, 1994: MAJ REPORT OTP FOR MAY11 (VOTE 18-0)
May 11, 1994: PASSED VV; HJ64,P2058 + 2064
May 17, 1994: ENROLLED; SJ18,P525
May 17, 1994: ENROLLED; HJ70,P2132
May 27, 1994: SIGNED BY GOVERNOR 05/27/94 EFF: 07/01/93 CHAP.0232

Related Bills

HB 51-FN-A (1993): relative to establishing a tax on business enterprise value tax base, amending the business profits tax and business corporation act, and relative to certain tax credits.