Business, professional, occupational license tax; exemption for unprofitable business. (SB1408)

Introduced By

Sen. Frank Ruff (R-Clarksville)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Business, professional, occupational license tax; exemption for unprofitable business.  Exempts 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. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/18/2011Presented and ordered printed 11102793D
01/18/2011Referred to Committee on Finance
01/22/2011Impact statement from TAX (SB1408)
02/01/2011Reported from Finance with amendments (13-Y 1-N) (see vote tally)
02/02/2011Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/03/2011Read second time
02/03/2011Reading of amendments waived
02/03/2011Committee amendments agreed to
02/03/2011Engrossed by Senate as amended SB1408E
02/03/2011Printed as engrossed 11102793D-E
02/04/2011Read third time and passed Senate (37-Y 1-N) (see vote tally)
02/08/2011Placed on Calendar
02/08/2011Read first time
02/08/2011Referred to Committee on Finance
02/09/2011Assigned Finance sub: #1
02/09/2011Impact statement from TAX (SB1408E)
02/10/2011Subcommittee recommends reporting with amendment(s) (11-Y 0-N)
02/14/2011Reported from Finance with amendments (22-Y 0-N) (see vote tally)
02/15/2011Read second time
02/16/2011Read third time
02/16/2011Committee amendments agreed to
02/16/2011Engrossed by House as amended
02/16/2011Passed House with amendments BLOCK VOTE (97-Y 0-N)
02/16/2011VOTE: BLOCK VOTE PASSAGE (97-Y 0-N) (see vote tally)
02/18/2011House amendments agreed to by Senate (40-Y 0-N) (see vote tally)
02/24/2011Enrolled
02/24/2011Bill text as passed Senate and House (SB1408ER)
02/24/2011Signed by Speaker
02/24/2011Signed by President
03/02/2011Impact statement from TAX (SB1408ER)
03/15/2011G Approved by Governor-Chapter 188 (effective 7/1/11)
03/15/2011G Acts of Assembly Chapter text (CHAP0188)

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 55 seconds.