HB 1551-FN (2024): relative to distinguishing between C corporations and S corporations for purposes of calculating business profits taxes.
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@misc{bill-2024-hb1551, title = {HB 1551-FN (2024): relative to distinguishing between C corporations and S corporations for purposes of calculating business profits taxes.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/2024/hb1551}, note = {Accessed 24 Oct. 2026} }
HB 1551-FN (2024)
relative to distinguishing between C corporations and S corporations for purposes of calculating business profits taxes.
- Status: Killed
- Term: 2023-2024
- House committee: Ways and Means
- Subject: Taxes - State
The Story
It was introduced on January 3, 2024 and referred to the House Ways and Means committee. The committee held a public hearing on January 17, 2024, with one person signed in online in support. The committee met in executive session on February 6, 2024 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 February 15, 2024 the House voted to kill it on a voice vote.
Sponsors
- Rep. James Summers (R - Rock 20) (prime sponsor)
- Rep. Jordan Ulery (R - Hills 13)
- Rep. James Spillane (R - Rock 2)
- Rep. JD Bernardy (R - Rock 36)
- Rep. Rebecca McWilliams (D - Merr 30)
Hearings and Sessions
- January 17, 2024, 12:00 PM: public hearing, House Ways and Means, LOB 202-204
- February 6, 2024, 1:00 PM: executive session, House Ways and Means, LOB 202-204
Votes
- February 15, 2024, House: Inexpedient to Legislate — voice vote, passed
The Docket
- January 3, 2024: Introduced 01/03/2024 and referred to Ways and Means
- January 17, 2024: Public Hearing: 01/17/2024 12:00 pm LOB 202-204
- February 6, 2024: Executive Session: 02/06/2024 01:00 pm LOB 202-204
- February 6, 2024: Committee Report: Inexpedient to Legislate 02/06/2024 (Vote 20-0; CC)
- February 15, 2024: Inexpedient to Legislate: MA VV 02/15/2024