HB 255-FN (2025): increasing the percentage of revenue deposited in the education trust fund from the business profits tax.
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- “HB 255-FN (2025): increasing the percentage of revenue deposited in the education trust fund from the business profits tax.” Granite Record, https://graniterecord.org/bill/2025/hb255. Accessed 19 Oct. 2026.
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@misc{bill-2025-hb255, title = {HB 255-FN (2025): increasing the percentage of revenue deposited in the education trust fund from the business profits tax.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/2025/hb255}, note = {Accessed 19 Oct. 2026} }
HB 255-FN (2025)
increasing the percentage of revenue deposited in the education trust fund from the business profits tax.
- Status: Killed
- Term: 2025-2026
- House committee: Ways and Means
- Subject: Taxes - State
The Story
It was introduced on January 8, 2025 and referred to the House Ways and Means committee. The committee held a public hearing on January 22, 2025, with 6 people signed in online: 4 in support and 2 in opposition. The committee met in executive session on February 4, 2025 to vote on its recommendation. The majority recommended that the House kill it, and the minority recommended that the House pass it, by a vote of 16–4. The report was placed on the regular calendar. On February 20, 2025 the House voted to kill it on a division vote 341–29.
Sponsors
- Rep. Thomas Schamberg (D - Merr 6) (prime sponsor)
Hearings and Sessions
- January 22, 2025, 1:30 PM: public hearing, House Ways and Means, LOB 202-204
- February 4, 2025, 1:30 PM: executive session, House Ways and Means, LOB 202-204
- February 20, 2025: floor debate, House
Votes
- February 20, 2025, House: Inexpedient to Legislate — yeas 341, nays 29, passed
The Docket
- January 8, 2025: Introduced 01/08/2025 and referred to Ways and Means
- January 22, 2025: Public Hearing: 01/22/2025 01:30 pm LOB 202-204
- February 4, 2025: Executive Session: 02/04/2025 01:30 pm LOB 202-204
- February 4, 2025: Majority Committee Report: Inexpedient to Legislate 02/04/2025 (Vote 16-4; RC)
- February 7, 2025: Minority Committee Report: Ought to Pass
- February 20, 2025: Inexpedient to Legislate: MA DV 341-29 02/20/2025