SB 483-FN-A (2010): relative to the interpretation of Internal Revenue Code section 1031 as it relates to taxation under the business profits tax.

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“SB 483-FN-A (2010): relative to the interpretation of Internal Revenue Code section 1031 as it relates to taxation under the business profits tax.” Granite Record, https://graniterecord.org/bill/2010/sb483. Accessed 24 Oct. 2026.
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@misc{bill-2010-sb483, title = {SB 483-FN-A (2010): relative to the interpretation of Internal Revenue Code section 1031 as it relates to taxation under the business profits tax.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/2010/sb483}, note = {Accessed 24 Oct. 2026} }

SB 483-FN-A (2010)

relative to the interpretation of Internal Revenue Code section 1031 as it relates to taxation under the business profits tax.

  • Status: Signed into law
  • Term: 2009-2010
  • House committee: Ways and Means
  • Senate committee: Ways and Means
  • Subject: Taxes - State
  • Chapter law: 286

The Story

It was introduced on January 21, 2010 and referred to the Senate Ways and Means committee. The committee held public hearings on February 2, 2010 and March 3, 2010. The committee recommended that the Senate pass it with changes. The committee's amendment (0892s) was adopted on a voice vote on March 10, 2010, changing the text of the bill. On March 10, 2010 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. On March 24, 2010 the Senate voted to pass it on a voice vote and ordered it to a third reading. It crossed to the House on March 24, 2010 and was referred to the House Ways and Means committee. The committee held a public hearing on April 13, 2010. The committee held a work session on May 3, 2010. The committee met in executive session on May 6, 2010 to vote on its recommendation. The majority recommended that the House pass it (amendment 1924h), and the minority recommended that the House pass it, by a vote of 18–2. The report was placed on the regular calendar. The committee's amendment (1924h) was adopted on a division vote 205–108 on May 12, 2010, changing the text of the bill. On May 12, 2010 the House voted to pass it on a voice vote. On May 19, 2010 the Senate adopted “Sen. Odell Concurs with House Amendment 1924h” on a voice vote. The bill was enrolled on June 2, 2010 — the final check of the text before it goes to the governor. The governor signed it on July 8, 2010, making it Chapter 286 of the session laws.

Sponsors

Hearings and Sessions

  • February 2, 2010, 11:30 AM: hearing, Senate Ways and Means, SH 100
  • March 3, 2010, 1:30 PM: hearing, Senate Ways and Means, SH 100
  • April 13, 2010, 10:30 AM: public hearing, House Ways and Means, LOB 202
  • May 3, 2010, 1:00 PM: full committee work session, House Ways and Means, LOB 202
  • May 6, 2010, 9:00 AM: executive session, House Ways and Means, LOB 202

Votes

  • March 10, 2010, Senate: Ought to Pass with Amendment 0892s — voice vote, passed
  • March 24, 2010, Senate: Ought to Pass — voice vote, passed
  • May 12, 2010, House: Adopt Committee Amendment — yeas 205, nays 108, passed
  • May 12, 2010, House: Ought to Pass with AM #1924h — voice vote, passed
  • May 19, 2010, Senate: Sen. Odell Concurs with House Amendment 1924h — voice vote, passed

The Docket

  • January 21, 2010: Introduced and Referred to Ways & Means
  • February 2, 2010: Hearing: February 2, 2010, Room 100, State House, 11:30 a.m.; SC5
  • February 2, 2010: Hearing: February 2, 2010, Room 101, LOB, 11:30 a.m.; SC9
  • March 3, 2010: Hearing: Mar. 3, 2010, Rm 100, SH, 1:30 p.m. or immediately following session, SC9
  • March 4, 2010: Committee Report: Ought to Pass with Amendment 0892s, 3/10/10; SC10, Pg.19
  • March 10, 2010: Committee Amendment 0892s, AA, VV
  • March 10, 2010: Ought to Pass with Amendment 0892s, MA, VV, Refer to Finance Rule 26
  • March 18, 2010: Committee Report: Ought to Pass 3/24/10; SC12
  • March 24, 2010: Ought to Pass, MA, VV; OT3rdg
  • March 24, 2010: Passed by Third Reading Resolution
  • March 24, 2010: Introduced and Referred to Ways and Means
  • April 13, 2010: Public Hearing: 4/13/2010 10:30 AM LOB 202
  • May 3, 2010: Full Committee Work Session: 5/3/2010 1:00 PM LOB 202
  • May 6, 2010: Executive Session: 5/6/2010 9:00 AM LOB 202
  • May 6, 2010: Majority Committee Report: Ought to Pass with AM #1924h for May 12 (Vote 18-2; RC)
  • May 6, 2010: Proposed Majority Committee Amendment #1924h
  • May 6, 2010: Minority Committee Report: Ought to Pass
  • May 12, 2010: Amendment #1924h Adopted, DIV 205-108
  • May 12, 2010: Ought to Pass with AM #1924h: MA VV
  • May 19, 2010: Sen. Odell Concurs with House Amendment 1924h, MA, VV
  • June 2, 2010: Enrolled
  • June 2, 2010: Enrolled
  • July 8, 2010: Signed by the Governor on 07/08/2010; Effective 07/08/2010; Chapter 0286

Laws It Would Change

From the General Court