SB 260-FN (2023): relative to deductions under the business profits tax for compensation of members and owners.

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@misc{bill-2023-sb260, title = {SB 260-FN (2023): relative to deductions under the business profits tax for compensation of members and owners.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/2023/sb260}, note = {Accessed 24 Oct. 2026} }

SB 260-FN (2023)

relative to deductions under the business profits tax for compensation of members and owners.

  • Status: Killed
  • Term: 2023-2024
  • House committee: Ways and Means
  • Senate committee: Ways and Means
  • Subject: Taxes - State

The Story

It was introduced on January 19, 2023 and referred to the Senate Ways and Means committee. The committee held a public hearing on February 8, 2023. The committee recommended that the Senate pass it with changes (amendment 2023-0559s). The committee's amendment (2023-0559s) was adopted on a voice vote on February 22, 2023, changing the text of the bill. On February 22, 2023 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 March 23, 2023 the Senate voted to pass it on a voice vote and ordered it to a third reading. It crossed to the House on March 23, 2023 and was referred to the House Ways and Means committee. The committee held a public hearing on April 26, 2023. The committee met in executive session on April 26, 2023 to vote on its recommendation. The committee voted unanimously, 20–0, to recommend that the House kill it, and the report was placed on the consent calendar. On May 4, 2023 the House voted to kill it on a voice vote.

Sponsors

Hearings and Sessions

  • February 8, 2023, 9:15 AM: hearing, Senate Ways and Means, SH 100
  • April 26, 2023, 11:00 AM: public hearing, House Ways and Means, LOB 202-204
  • April 26, 2023, 1:30 PM: executive session, House Ways and Means, LOB 202-204

Votes

  • February 22, 2023, Senate: Ought to Pass with Amendment 2023-0559s — voice vote, passed
  • March 23, 2023, Senate: Ought to Pass — voice vote, passed
  • May 4, 2023, House: Inexpedient to Legislate — voice vote, passed

The Docket

  • January 19, 2023: Introduced 01/19/2023 and Referred to Ways and Means
  • February 8, 2023: Hearing: 02/08/2023, Room 100, SH, 09:15 am
  • February 22, 2023: Committee Report: Ought to Pass with Amendment #2023-0559s , 02/22/2023
  • February 22, 2023: Committee Amendment #2023-0559s , AA, VV; 02/22/2023
  • February 22, 2023: Ought to Pass with Amendment 2023-0559s, MA, VV; Refer to Finance Rule 4-5; 02/22/2023
  • March 23, 2023: Committee Report: Ought to Pass, 03/23/2023
  • March 23, 2023: Ought to Pass : MA, VV; OT3rdg; 03/23/2023
  • March 23, 2023: Introduced (in recess of) 03/23/2023 and referred to Ways and Means
  • April 26, 2023: Public Hearing: 04/26/2023 11:00 am LOB 202-204
  • April 26, 2023: Executive Session: 04/26/2023 01:30 pm LOB 202-204
  • April 26, 2023: Committee Report: Inexpedient to Legislate 04/26/2023 (Vote 20-0; CC)
  • May 4, 2023: Inexpedient to Legislate: MA VV 05/04/2023

Laws It Would Change

From the General Court