SB 479-FN (2016): establishing a credit against business taxes for implementing employee profit sharing.
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@misc{bill-2016-sb479, title = {SB 479-FN (2016): establishing a credit against business taxes for implementing employee profit sharing.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/2016/sb479}, note = {Accessed 24 Oct. 2026} }
SB 479-FN (2016)
establishing a credit against business taxes for implementing employee profit sharing.
- Status: Referred for interim study
- Term: 2015-2016
- Senate committee: Ways and Means
- Subject: Taxes - State
The Story
It was introduced on January 6, 2016 and referred to the Senate Ways and Means committee. The committee held a public hearing on January 26, 2016. The committee recommended that the Senate study it after the session ends. On February 11, 2016 the Senate adopted “Refer to Interim Study, RC 14Y-10N”.
Sponsors
- Sen. David Pierce (D - SD5) (prime sponsor)
- Sen. Donna Soucy (D - SD18)
- Sen. Jeff Woodburn (D - SD1)
- Sen. Martha Fuller Clark (D - SD21)
- Sen. Molly Kelly (D - SD10)
- Sen. Bette Lasky (D - SD13)
- Sen. David Watters (D - SD4)
Hearings and Sessions
- January 26, 2016, 10:15 AM: hearing, Senate Ways and Means, SH 103
Votes
- February 11, 2016, Senate: Interim Study — yeas 14, nays 10, passed
The Docket
- January 6, 2016: Introduced 01/06/2016 and Referred to Ways and Means
- January 26, 2016: Hearing: 01/26/2016, Room 103, SH, 10:15 am; SC3
- February 11, 2016: Committee Report: Referred to Interim Study, 02/11/2016; SC5
- February 11, 2016: Refer to Interim Study, RC 14Y-10N, MA; 02/11/2016