HB 121-FN (2024): relative to worldwide combined reporting for unitary businesses under the business profits tax.
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- “HB 121-FN (2024): relative to worldwide combined reporting for unitary businesses under the business profits tax.” Granite Record, https://graniterecord.org/bill/2024/hb121. Accessed 24 Oct. 2026.
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- Granite Record. (n.d.). HB 121-FN (2024): relative to worldwide combined reporting for unitary businesses under the business profits tax. Retrieved 24 Oct. 2026, from https://graniterecord.org/bill/2024/hb121
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- BibTeX
@misc{bill-2024-hb121, title = {HB 121-FN (2024): relative to worldwide combined reporting for unitary businesses under the business profits tax.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/2024/hb121}, note = {Accessed 24 Oct. 2026} }
HB 121-FN (2024)
relative to worldwide combined reporting for unitary businesses under the business profits tax.
- Status: Killed
- Term: 2023-2024
- House committee: Ways and Means
- Subject: Taxes - State
The Story
It was introduced on January 4, 2023 and referred to the House Ways and Means committee. The committee held a public hearing on January 17, 2023. The committee met in executive session on January 31, 2023 to vote on its recommendation. The committee retained the bill, holding it for further work rather than reporting it out this year. The committee held a work session on September 19, 2023. The committee met in executive session on November 9, 2023 to vote on its recommendation. The committee held a work session on November 9, 2023. The majority recommended that the House kill it, and the minority recommended that the House pass it with changes (amendment 2023-2442h), by a vote of 10–9. The report was placed on the regular calendar. On January 4, 2024 the House voted to kill it on a roll call 192–176.
Sponsors
- Rep. Thomas Schamberg (D - Merr 6) (prime sponsor)
Hearings and Sessions
- January 17, 2023, 10:30 AM: public hearing, House Ways and Means, LOB 202-204
- January 31, 2023, 11:30 AM: executive session, House Ways and Means, LOB 202
- September 19, 2023, 10:00 AM: full committee work session, House Ways and Means, LOB 202-204
- November 9, 2023, 10:00 AM: work session, House Ways and Means, LOB 202-204
- November 9, 2023, 10:30 AM: executive session, House Ways and Means, LOB 202-204
Votes
- January 4, 2024, House: Inexpedient to Legislate — yeas 192, nays 176, passed
The Docket
- January 4, 2023: Introduced 01/04/2023 and referred to Ways and Means
- January 17, 2023: Public Hearing: 01/17/2023 10:30 am LOB 202-204
- January 31, 2023: Executive Session: 01/31/2023 11:30 am LOB 202
- February 15, 2023: Retained in Committee
- September 19, 2023: Full Committee Work Session: 09/19/2023 10:00 am LOB 202-204
- November 9, 2023: Executive Session: 11/09/2023 10:30 am LOB 202-204
- November 9, 2023: Full Work Session: 11/09/2023 10:00 am LOB 202-204
- November 9, 2023: Majority Committee Report: Inexpedient to Legislate HB121-FN 11/09/2023 (Vote 10-9; RC)
- November 17, 2023: Minority Committee Report: Ought to Pass with Amendment #2023-2442h
- January 4, 2024: Inexpedient to Legislate: MA RC 192-176 01/04/2024
Laws It Would Change
Related Bills
- HB 1567-FN-A (2020): relative to worldwide combined reporting for unitary businesses under the business profits tax.