SB 126-FN (2011): relative to net operating loss carryovers under the business profits tax.
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@misc{bill-2011-sb126, title = {SB 126-FN (2011): relative to net operating loss carryovers under the business profits tax.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/2011/sb126}, note = {Accessed 24 Oct. 2026} }
SB 126-FN (2011)
relative to net operating loss carryovers under the business profits tax.
- Status: Died on the table
- Term: 2011-2012
- Senate committee: Ways and Means
- Subject: Taxes - State
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 February 22, 2011. The committee recommended that the Senate pass it. On March 9, 2011 the Senate voted to pass it on a roll call 23–0, then referred it on to the Senate Finance committee. The committee recommended that the Senate pass it. On March 23, 2011 the Senate adopted the motion that it ought to pass on a roll call 24–0, but its third reading was left pending. On March 23, 2011 the Senate voted to lay it on the table on a roll call 16–8, 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.
Sponsors
- Sen. Jim Luther (R - SD12) (prime sponsor)
- Sen. John Barnes Jr. (R - SD17)
- Sen. David Boutin (R - SD16)
- Sen. Peter Bragdon (R - SD11)
- Sen. Sharon Carson (R - SD14)
- Sen. James Forsythe (R - SD4)
- Sen. John Gallus (R - SD1)
- Sen. Fenton Groen (R - SD6)
- Sen. Gary Lambert (R - SD13)
- Sen. Jim Rausch (R - SD19)
- Sen. Andy Sanborn (R - SD7)
- Sen. Raymond White (R - SD9)
- Rep. David Bettencourt (R - Rock 4)
- Rep. Norman Major (R - Rock 8)
- Rep. Gene Chandler (R - Carr 1)
- Rep. Pamela Tucker (R - Rock 17)
Hearings and Sessions
- February 22, 2011, 1:50 PM: hearing, Senate Ways and Means, SH 100
Votes
- March 9, 2011, Senate: Ought to Pass — yeas 23, nays 0, passed
- March 23, 2011, Senate: Ought to Pass — yeas 24, nays 0, passed
- March 23, 2011, Senate: Lay on Table — yeas 16, nays 8, passed
The Docket
- January 19, 2011: Introduced and Referred to Ways & Means
- February 22, 2011: Hearing: 2/22/11, Room 100, State House, 1:50 p.m.; SC12
- February 24, 2011: Committee Report: Ought to Pass, Session Date: 3/9/11; SC14
- March 9, 2011: Ought to Pass, RC 23Y-0N, MA; Refer to Finance Rule 4-3
- March 11, 2011: Committee Report: Ought to Pass, 3/23/11; SC16
- March 23, 2011: Ought to Pass, RC 24Y-0N, MA
- March 23, 2011: Pending Motion OT3rdg
- March 23, 2011: Sen. Morse Moved Laid on Table, RC 16Y-8N, MA
- September 7, 2011: Died On The Table; SJ 22A, Pg.748