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2011 SESSION
SB 1408 Business, professional, occupational license tax; exemption for unprofitable business.
Introduced by: Frank M. Ruff, Jr. | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Business, professional, occupational license tax; exemption for unprofitable business. Allows localities to exempt from the BPOL tax businesses that lose money and are unprofitable during the taxable year, for taxable years beginning on or after January 1, 2012. The business is required to submit its income tax return as proof to the local commissioner of revenue.
FULL TEXT
- 01/18/11 Senate: Presented and ordered printed 11102793D pdf | impact statement
- 02/03/11 Senate: Printed as engrossed 11102793D-E pdf | impact statement
- 02/24/11 Senate: Bill text as passed Senate and House (SB1408ER) pdf | impact statement
- 03/15/11 Governor: Acts of Assembly Chapter text (CHAP0188) pdf
AMENDMENTS
HISTORY
- 01/18/11 Senate: Presented and ordered printed 11102793D
- 01/18/11 Senate: Referred to Committee on Finance
- 02/01/11 Senate: Reported from Finance with amendments (13-Y 1-N)
- 02/02/11 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/03/11 Senate: Read second time
- 02/03/11 Senate: Reading of amendments waived
- 02/03/11 Senate: Committee amendments agreed to
- 02/03/11 Senate: Engrossed by Senate as amended SB1408E
- 02/03/11 Senate: Printed as engrossed 11102793D-E
- 02/04/11 Senate: Read third time and passed Senate (37-Y 1-N)
- 02/08/11 House: Placed on Calendar
- 02/08/11 House: Read first time
- 02/08/11 House: Referred to Committee on Finance
- 02/09/11 House: Assigned Finance sub: #1
- 02/10/11 House: Subcommittee recommends reporting with amendment(s) (11-Y 0-N)
- 02/14/11 House: Reported from Finance with amendments (22-Y 0-N)
- 02/15/11 House: Read second time
- 02/16/11 House: Read third time
- 02/16/11 House: Committee amendments agreed to
- 02/16/11 House: Engrossed by House as amended
- 02/16/11 House: Passed House with amendments BLOCK VOTE (97-Y 0-N)
- 02/16/11 House: VOTE: BLOCK VOTE PASSAGE (97-Y 0-N)
- 02/18/11 Senate: House amendments agreed to by Senate (40-Y 0-N)
- 02/24/11 Senate: Enrolled
- 02/24/11 Senate: Bill text as passed Senate and House (SB1408ER)
- 02/24/11 House: Signed by Speaker
- 02/24/11 Senate: Signed by President
- 03/15/11 Governor: Approved by Governor-Chapter 188 (effective 7/1/11)
- 03/15/11 Governor: Acts of Assembly Chapter text (CHAP0188)