HB 598 (2013): relative to the reasonable compensation deduction under the business profits tax.

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HB 598 (2013)

relative to the reasonable compensation deduction under the business profits tax.

Status: Signed into law
Term: 2013-2014
House committee: Ways and Means
Senate committee: Ways and Means
Subject: Taxes - State
Chapter law: 71

The Story

It was introduced on January 3, 2013 and referred to the House Ways and Means committee. The committee held a public hearing on February 19, 2013. The committee held work sessions on February 28, 2013 and March 5, 2013. The committee met in executive session on March 5, 2013 to vote on its recommendation. The committee voted unanimously, 18–0, to recommend that the House pass it, and the report was placed on the consent calendar. The committee met in executive session on March 7, 2013 to vote on its recommendation. On March 13, 2013 the House voted to pass it on a voice vote. It crossed to the Senate on March 14, 2013 and was referred to the Senate Ways and Means committee. The committee held a public hearing on April 2, 2013. The committee recommended that the Senate pass it. On April 18, 2013 the Senate voted to pass it on a roll call 24–0 and ordered it to a third reading. The bill was enrolled on April 24, 2013 — the final check of the text before it goes to the governor. The governor signed it on June 6, 2013, making it Chapter 71 of the session laws.

Hearings and Sessions

February 19, 2013, 1:00 PM: public hearing, House Ways and Means, LOB 202
February 28, 2013, 1:00 PM: subcommittee work session, House Ways and Means, LOB 301
March 5, 2013, 10:00 AM: subcommittee work session, House Ways and Means, LOB 202
March 5, 2013, 2:00 PM: executive session, House Ways and Means, LOB 202
March 7, 2013, 10:00 AM: executive session, House Ways and Means, LOB 202
April 2, 2013, 9:45 AM: hearing, Senate Ways and Means, SH 103

Votes

March 13, 2013, House: Ought to Pass — voice vote, passed
April 18, 2013, Senate: Ought to Pass — yeas 24, nays 0, passed

The Docket

January 3, 2013: Introduced 1/3/2013 and Referred to Ways and Means
February 19, 2013: Public Hearing: 2/19/2013 1:00 PM LOB 202
February 28, 2013: Subcommittee Work Session: 2/28/2013 1:00 PM LOB 301
March 5, 2013: Subcommittee Work Session: 3/5/2013 10:00 AM LOB 202
March 5, 2013: Executive Session: 3/5/2013 2:00 PM LOB 202
March 6, 2013: Committee Report: Ought to Pass for Mar 13 (Vote 18-0; CC)
March 7, 2013: Continued Executive Session: 3/7/2013 10:00 AM LOB 202
March 13, 2013: Ought to Pass: MA VV
March 14, 2013: Introduced and Referred to Ways & Means
April 2, 2013: Hearing: 4/2/13, Room 103, SH, 9:45 a.m.; SC14
April 8, 2013: Committee Report: Ought to Pass, 4/18/13; SC16
April 18, 2013: Ought to Pass: RC 24Y-0N MA; OT3rdg
April 18, 2013: Enrolled
April 24, 2013: Enrolled; HJ38, PG.1257
June 6, 2013: Signed by Governor 06/06/2013; Effective 07/01/2013; Chapter 0071

Laws It Would Change

RSA 77-A:4