HB 550 - Authorizes Businesses to Not Declare Profits from Interest Sales - New Hampshire Key Vote
Maggie Hassan vetoed this Legislation.
Read statements Maggie Hassan made in this general time period.
Timeline
- Executive Vetoed
- July 20, 2015
- House Conference Report Adopted
- June 24, 2015
- Senate Conference Report Adopted
- June 24, 2015
- House Nonconcurrence Vote Passed
- June 11, 2015
- Senate Bill Passed
- June 4, 2015
- House Bill Passed
- March 4, 2015
- Introduced
- Jan. 8, 2015
Related Issues
Stage Details
Title: Authorizes Businesses to Not Declare Profits from Interest Sales
Title: Authorizes Businesses to Not Declare Profits from Interest Sales
Vote Smart's Synopsis:
Vote to adopt a conference report that authorizes businesses to not declare profits acquired from the sale or exchange of interest, effective July 1, 2015.
Highlights:
- Authorizes a business organization to not declare an increase in gross business profits acquired from the sale or exchange of interest in the organization (Sec. 13).
- Prohibits a business organization that does not declare an increase in gross business profits from claiming a deduction in any subsequent period for depreciation or amortization on the increased value of an interest sold or exchanged (Sec. 13).
- Prohibits a business organization that does not declare an increase in gross business profits from claiming a deduction in any subsequent period for an increase in the value of assets following their sale (Sec. 13).
Title: Authorizes Businesses to Not Declare Profits from Interest Sales
Vote Smart's Synopsis:
Vote to adopt a conference report that amends the tobacco taxes.
Highlights:
- Authorizes a business organization to not declare an increase in gross business profits acquired from the sale or exchange of interest in the organization (Sec. 13).
- Prohibits a business organization that does not declare an increase in gross business profits from claiming a deduction in any subsequent period for depreciation or amortization on the increased value of an interest sold or exchanged (Sec. 13).
- Prohibits a business organization that does not declare an increase in gross business profits from claiming a deduction in any subsequent period for an increase in the value of assets following their sale (Sec. 13).
Title: Authorizes Businesses to Not Declare Profits from Interest Sales