SB 134-FN-A (2007): establishing a research and development credit against business taxes and requiring the commissioner of resources and economic development to report on the research and development tax credit program.

SB 134-FN-A (2007)

establishing a research and development credit against business taxes and requiring the commissioner of resources and economic development to report on the research and development tax credit program.

• Status: Signed into law
• Term: 2007-2008
• House committee: Ways and Means
• Senate committee: Ways and Means
• Subject: Taxes - State
• Chapter law: 271

The Story

It was introduced on January 4, 2007 and referred to the Senate Ways and Means committee. The committee held a public hearing on March 6, 2007. The committee recommended that the Senate pass it with changes. The committee's amendment (0713) was adopted on a voice vote on March 22, 2007, changing the text of the bill. On March 22, 2007 the Senate voted to pass it with changes on a voice vote, then referred it on to the Senate Finance committee. The committee recommended that the Senate pass it. A floor amendment (1216), offered by Sen. Odell, was adopted on a voice vote on April 12, 2007, changing the text of the bill. On April 12, 2007 the Senate voted to pass it with changes on a voice vote and ordered it to a third reading. It crossed to the House and was referred to the House Ways and Means committee. The committee held a public hearing on May 1, 2007. The committee held work sessions on May 10, 2007, May 17, 2007 and May 24, 2007. The committee met in executive session on May 30, 2007 to vote on its recommendation. The majority recommended that the House pass it with changes, and the minority recommended that the House kill it, by a vote of 11–6. The report was placed on the regular calendar. A floor amendment (1883) was adopted on a voice vote on June 7, 2007, changing the text of the bill. On June 7, 2007 the House voted to pass it with changes on a roll call 199–104. On June 13, 2007 the Senate adopted “Sen. Odell Concurs with House Amendment{1883}(New Title)” on a voice vote. The bill was enrolled on June 27, 2007 — the final check of the text before it goes to the governor — and an enrolled bill amendment (2314) was adopted to correct technical errors found after passage. The governor signed it on July 2, 2007.

Sponsors

• Sen. Joseph Foster (D - SD13) (prime sponsor)
• Sen. Bob Odell (R - SD8)
• Sen. Robert Letourneau (R - SD19)
• Sen. Martha Fuller Clark (D - SD24)
• Sen. Betsi DeVries (D - SD18)
• Sen. Lou D'Allesandro (D - SD20)
• Sen. Jacalyn Cilley (D - SD6)
• Sen. Sylvia Larsen (D - SD15)
• Rep. Peyton Hinkle (R - Hills 19)
• Rep. Bette Lasky (D - Hills 26)
• Rep. David Campbell (D - Hills 24)

Hearings and Sessions

• March 6, 2007, 8:30 AM: hearing, Senate Ways and Means, SH 100
• May 1, 2007, 1:45 PM: public hearing, House Ways and Means, LOB 202
• May 10, 2007, 1:00 PM: full committee work session, House Ways and Means, LOB 202
• May 17, 2007, 1:00 PM: subcommittee work session, House Ways and Means, LOB 202
• May 24, 2007, 9:30 AM: subcommittee work session, House Ways and Means, LOB 202
• May 30, 2007, 9:30 AM: executive session, House Ways and Means, LOB 202

Votes

• March 22, 2007, Senate: Ought to Pass with Amendment{0713} — voice vote, passed
• April 12, 2007, Senate: Ought to Pass with Amendment{1216} — voice vote, passed
• June 7, 2007, House: MAJORITY COMM REPORT OTPA 1883H NT — yeas 199, nays 104, passed
• June 13, 2007, Senate: Sen. Odell Concurs with House Amendment{1883}(New Title) — voice vote, passed

The Docket

Laws It Would Change

• RSA 77
• RSA 77-A:5
• RSA 77-E:3-b
• RSA 162-P:1

From the General Court

• Bill status page
• Docket
• SC 8
• SC 12
• SC 15
• HC 43