Category: Economy, Budget and Taxes

HB 668 (2015) relative to expense deductions under the business profits tax.

House/Senate Bill: House

Description: Increases the maximum expense deductions for the business profits tax from $25,000 to $100,000.  The Senate amended the bill to instead update the effective version of the United States Internal Revenue Code of 1986 applicable to the business profits tax.

Bill Sponsor: Laurie Sanborn

Bill Co Sponsor: Frank Edelblut, Patrick Abrami , Gregory Hill, Gary Azarian

Next Hearing Date: Tue, 03/01/2016

Next Voting Date: Click the "Link to Full Bill" for information

Bill Status

Died in Conference Committee
Passed House Committee: No
Passed House: Yes
Passed Senate Committee: Yes
Passed Senate: Yes
Signed by Governor: No

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