HB 692-FN-A (2000): adopting a single sales factor method of apportionment under the business profits tax.

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@misc{bill-2000-hb692, title = {HB 692-FN-A (2000): adopting a single sales factor method of apportionment under the business profits tax.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/2000/hb692}, note = {Accessed 24 Oct. 2026} }

HB 692-FN-A (2000)

adopting a single sales factor method of apportionment under the business profits tax.

  • Status: Referred for interim study
  • Term: 1999-2000
  • House committee: Finance
  • Subject: Taxes - State

The Story

It was introduced on February 16, 1999 and referred to the House Finance committee. The committee held a public hearing on March 11, 1999. The majority of the committee recommended that the House send it back to committee by a vote of 24–2. On May 25, 1999 the bill was referred to the Finance committee. The committee held work sessions on September 15, 1999, September 29, 1999 and October 13, 1999. The majority of the committee recommended that the House study it after the session ends by a vote of 20–1, and the report was placed on the consent calendar. On January 5, 2000 the House voted to study it after the session ends. The committee held work sessions on July 11, 2000 and October 18, 2000. The committee reported back on its interim study of the bill: “REC FOR LEGIS IN 2001”, by a vote of 23 to 0.

Sponsors

Hearings and Sessions

  • March 11, 1999, 11:00 AM: hearing, House Finance, Rms210-211,LOB
  • September 15, 1999, 9:30 AM: subcommittee work session, House Finance, RM209,LOB
  • October 13, 1999, 10:00 AM: subcommittee work session, House Finance, RM209,LOB
  • July 11, 2000, 11:00 AM: subcommittee work session, House Finance, RM209,LOB
  • October 18, 2000, 1:00 PM: subcommittee work session, House Finance, RM209,LOB (Rep Alukonis)

The Docket

  • February 16, 1999: Introduced and ref to Finance; HJ25, p468
  • March 11, 1999: Hearing Mar 11 11:00 Rms210-211,LOB
  • May 19, 1999: Maj Report RE-REF for May 25 (vote 24-2;Reg)
  • May 25, 1999: Re-Referred to Finance committee VV; HJ58, p1554
  • September 15, 1999: Re-Ref Div II Subcom work & Exec session Sep 15 9:30 RM209,LOB
  • September 29, 1999: Re-Ref Div II Subcom work & Exec session Sep 29 & Oct 6 10:00 RM209,LOB
  • October 13, 1999: Re-Ref Div II Subcom work & Exec session Oct 13 10:00 RM209,LOB
  • January 5, 2000: RE-REF Maj Report Ref for Interim Study for 1/5/2000 (vote 20-1;CC)
  • January 5, 2000: Referred to Finance for Interim Study; HJ5, p116
  • July 11, 2000: Int Study Div II Subcom Work Session Jul 11 11:00 RM209,LOB
  • October 18, 2000: Int Study Subcom Work Session Oct 18 1:00 RM209,LOB (Rep Alukonis)
  • October 26, 2000: Int Study Report: REC FOR LEGIS IN 2001 (vote 23-0)

Laws It Would Change

Related Bills

  • HB 334-FN-A (2002): adopting a single sales factor method of apportionment under the business profits tax.

From the General Court