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.

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MLA: “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.” Granite Record, https://graniterecord.org/bill/2011/hb557. Accessed 24 Oct. 2026.
APA: Granite Record. (n.d.). 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. Retrieved 24 Oct. 2026, from https://graniterecord.org/bill/2011/hb557
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BibTeX: @misc{bill-2011-hb557, title = {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.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/2011/hb557}, note = {Accessed 24 Oct. 2026} }

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.

Status: Died on the table
Term: 2011-2012
House committee: Ways and Means
Senate committee: Ways and Means
Subject: Taxes - State

The Story

It was introduced on January 6, 2011 and referred to the House Ways and Means committee. The committee held a public hearing on February 22, 2011. The committee met in executive session on March 9, 2011 to vote on its recommendation. The majority recommended that the House pass it with changes (amendment 0757h), and the minority recommended that the House kill it, by a vote of 16–4. The report was placed on the regular calendar. The committee's amendment (0757h) was adopted on a voice vote on March 17, 2011, changing the text of the bill. On March 17, 2011 the House voted to pass it with changes on a roll call 238–77. On March 17, 2011 the House failed “Reconsideration (Rep Stepanek)” on a division vote 72–243. It crossed to the Senate on March 23, 2011 and was referred to the Senate Ways and Means committee. The committee held a public hearing on April 5, 2011. The committee recommended that the Senate pass it with changes (amendment 2011-1716s). The committee's amendment (1716s) was adopted on a voice vote on May 11, 2011, changing the text of the bill. On May 11, 2011 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 May 18, 2011 the Senate adopted the motion that it ought to pass on a voice vote, but its third reading was left pending. On May 18, 2011 the Senate voted to lay it on the table on a voice vote, on a motion by Sen. Morse. The bill died on the table when the session ended on September 7, 2011, having been set aside and never taken back up.

Hearings and Sessions

February 22, 2011, 2:00 PM: public hearing, House Ways and Means, LOB 202
March 9, 2011, 1:00 PM: executive session, House Ways and Means
April 5, 2011, 2:45 PM: hearing, Senate Ways and Means, SH 100

Votes

March 17, 2011, House: OTP/AM 0757H — yeas 238, nays 77, passed
March 17, 2011, House: Reconsideration (Rep Stepanek) — yeas 72, nays 243, failed
May 11, 2011, Senate: Ought to Pass with Amendment 1716s — voice vote, passed
May 18, 2011, Senate: Ought to Pass — voice vote, passed
May 18, 2011, Senate: Laid on Table — voice vote, passed

The Docket

January 6, 2011: Introduced 1/6/2011 and Referred to Ways and Means
February 22, 2011: Public Hearing: 2/22/2011 2:00 PM LOB 202
March 9, 2011: Executive Session: 3/9/2011 1:00 PM LOB 202 ==TIME CHANGE (Orig 2:00 PM)==
March 9, 2011: Majority Committee Report: Ought to Pass with Amendment #0757h for Mar 15 (Vote 16-4; RC)
March 9, 2011: Proposed Majority Committee Amendment #2011-0757h
March 9, 2011: Minority Committee Report: Inexpedient to Legislate
March 17, 2011: Amendment #0757h Adopted, VV
March 17, 2011: Ought to Pass with Amendment #0757h: MA RC 238-77
March 17, 2011: Reconsideration (Rep Stepanek): MF DIV 72-243
March 23, 2011: Introduced and Referred to Ways & Means
April 5, 2011: Hearing: 4/5/11, Room 100, State House, 2:45 p.m.; SC18
May 3, 2011: Committee Report: Ought to Pass with Amendment #2011-1716s, 5/11/11; SC23
May 11, 2011: Committee Amendment 1716s, AA, VV
May 11, 2011: Ought to Pass with Amendment 1716s, MA, VV; Refer to Finance Rule 4-3
May 12, 2011: Committee Report: Ought to Pass, 5/18/11; SC24
May 18, 2011: Ought to Pass, MA, VV
May 18, 2011: Pending Motion OT3rdg
May 18, 2011: Sen. Morse Moved Laid on Table, MA, VV
September 7, 2011: Died On The Table; SJ 22A, Pg.748

Laws It Would Change

RSA 77-A:4

Related Bills

SB 476-FN (2010): clarifying the business profits tax deduction for reasonable compensation.
HB 611-FN-A (2012): relative to determination of the reasonable compensation deduction under the business profits tax.