SB 125-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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“SB 125-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/sb125. Accessed 24 Oct. 2026.
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Granite Record. “SB 125-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.” Accessed 24 Oct. 2026. https://graniterecord.org/bill/2011/sb125.
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@misc{bill-2011-sb125, title = {SB 125-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/sb125}, note = {Accessed 24 Oct. 2026} }

SB 125-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: Became law unsigned
  • Term: 2011-2012
  • House committee: Ways and Means
  • Senate committee: Ways and Means
  • Subject: Taxes - State
  • Chapter law: 207

The Story

It was introduced on January 19, 2011 and referred to the Senate Ways and Means committee. The committee held a public hearing on March 7, 2011. The committee recommended that the Senate pass it. On March 16, 2011 the Senate voted to pass it on a voice vote, then referred it on to the Senate Finance committee. The committee recommended that the Senate pass it. A floor amendment (2011-1158s), offered by Sen. Morse, was adopted on a voice vote on March 23, 2011, changing the text of the bill. On March 23, 2011 the Senate voted to pass it with changes on a roll call 24–0 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 April 5, 2011. The committee held work sessions on April 28, 2011 and May 2, 2011. The committee met in executive session on May 10, 2011 to vote on its recommendation. The majority recommended that the House pass it with changes (amendment 1717h), and the minority recommended that the House kill it, by a vote of 16–5. The report was placed on the regular calendar. The committee's amendment (1717h) was adopted on a voice vote on May 18, 2011, changing the text of the bill. On May 18, 2011 the House voted to pass it with changes on a roll call 340–9. On June 1, 2011 the Senate adopted “Sen. Odell Concurs with House Amendment #1717h, NT” on a voice vote. The bill was enrolled on June 8, 2011 — the final check of the text before it goes to the governor. It became law without the governor's signature, as Chapter 207. The governor neither signed it nor returned it, and the docket records it as enacted under Part II, Article 44 of the state constitution.

Sponsors

Hearings and Sessions

  • March 7, 2011, 11:30 AM: hearing, Senate Ways and Means, SH 100
  • April 5, 2011, 10:45 AM: public hearing, House Ways and Means, LOB 202
  • April 28, 2011, 1:30 PM: subcommittee work session, House Ways and Means, LOB 202
  • May 2, 2011, 2:00 PM: subcommittee work session, House Ways and Means, LOB 202
  • May 10, 2011, 11:00 AM: executive session, House Ways and Means, LOB 202

Votes

  • March 16, 2011, Senate: Ought to Pass — voice vote, passed
  • March 23, 2011, Senate: Ought to Pass with Amendment — yeas 24, nays 0, passed
  • May 18, 2011, House: OTP/AM 1717H(NT) — yeas 340, nays 9, passed
  • June 1, 2011, Senate: Sen. Odell Concurs with House Amendment #1717h, NT — voice vote, passed

The Docket

  • January 19, 2011: Introduced and Referred to Ways & Means
  • March 7, 2011: Hearing: 3/7/11, Room 100, State House, 11:30 a.m.; SC13
  • March 8, 2011: Committee Report: Ought to Pass, 3/16/11; SC15
  • March 16, 2011: Ought to Pass, MA, VV; Refer to Finance Rule 4-3
  • March 17, 2011: Introduced and Referred to Ways and Means [3/17/2011]
  • March 23, 2011: Committee Report: Ought to Pass, 3/23/2011; SC16
  • March 23, 2011: Sen. Morse Floor Amendment #2011-1158s, AA, VV
  • March 23, 2011: Ought to Pass with Amendment 1158s, RC 24Y-0N, MA; OT3rdg
  • March 23, 2011: Passed by Third Reading Resolution
  • April 5, 2011: Public Hearing: 4/5/2011 10:45 AM LOB 202
  • April 26, 2011: ==CANCELLED== Executive Session: 4/26/2011 10:00 AM LOB 202
  • April 28, 2011: Subcommittee Work Session: 4/28/2011 1:30 PM LOB 202
  • May 2, 2011: Subcommittee Work Session: 5/2/2011 2:00 PM LOB 202
  • May 10, 2011: Executive Session: 5/10/2011 11:00 AM LOB 202
  • May 10, 2011: Majority Committee Report: Ought to Pass with Amendment #1717h(NT) for May 18 (Vote 16-5; RC)
  • May 10, 2011: Proposed Majority Committee Amendment #2011-1717h (New Title)
  • May 10, 2011: Minority Committee Report: Inexpedient to Legislate
  • May 18, 2011: Amendment #1717h (New Title) Adopted, VV
  • May 18, 2011: Ought to Pass with Amendment #1717h(NT): MA RC 340-9
  • June 1, 2011: Sen. Odell Concurs with House Amendment #1717h, NT, MA, VV
  • June 8, 2011: Enrolled
  • June 8, 2011: Enrolled
  • June 25, 2011: Law Without Signature 6/25/11; Eff. Date 6/25/11, Chapter 0207; Art 44, Pt II, NH Constitution

Laws It Would Change

From the General Court