SB 476-FN (2010): clarifying the business profits tax deduction for reasonable compensation.
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@misc{bill-2010-sb476, title = {SB 476-FN (2010): clarifying the business profits tax deduction for reasonable compensation.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/2010/sb476}, note = {Accessed 24 Oct. 2026} }
SB 476-FN (2010)
clarifying the business profits tax deduction for reasonable compensation.
- Status: Died on the table
- Term: 2009-2010
- Senate committee: Ways and Means
- Subject: Taxes - State
The Story
It was introduced on January 13, 2010 and referred to the Senate Ways and Means committee. The committee held a public hearing on February 9, 2010. The committee recommended that the Senate kill it. On March 10, 2010 the Senate voted to lay it on the table on a voice vote, on a motion by Sen. Reynolds.
Sponsors
- Sen. Jeb Bradley (R - SD3) (prime sponsor)
- Sen. John Barnes Jr. (R - SD17)
- Sen. Peter Bragdon (R - SD11)
- Sen. Sharon Carson (R - SD14)
- Sen. Michael Downing (R - SD22)
- Sen. John Gallus (R - SD1)
- Sen. Robert Letourneau (R - SD19)
- Sen. Sheila Roberge (R - SD9)
- Rep. David Boutin (R - Merr 9)
- Rep. Fran Wendelboe (R - Belk 1)
- Rep. David Hess (R - Merr 9)
- Rep. Gene Chandler (R - Carr 1)
- Rep. Norman Major (R - Rock 8)
Hearings and Sessions
- February 9, 2010, 10:30 AM: hearing, Senate Ways and Means, SH 100
Votes
- March 10, 2010, Senate: Laid on Table — voice vote, passed
The Docket
- January 13, 2010: Introduced and Referred to Ways & Means
- February 9, 2010: Hearing: February 9, 2010, Room 100, State House, 10:30 a.m.; SC6
- March 4, 2010: Committee Report: Inexpedient to Legislate 3/10/10; SC10
- March 10, 2010: Inexpedient to Legislate, Not Voted On
- March 10, 2010: Sen. Reynolds Moved Laid on Table, MA, VV
Laws It Would Change
Related Bills
- HB 557-FN-A (2011): relative to the standards and burden of proof with respect to the business profits tax deduction for reasonable compensation attributable to owners of partnerships, limited liability companies, and sole proprietorships.
- HB 611-FN-A (2012): relative to determination of the reasonable compensation deduction under the business profits tax.