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Key Votes

HB 550 - Authorizes Businesses to Not Declare Profits from Interest Sales - New Hampshire Key Vote

Andy Sanborn voted Yea (Conference Report Vote) on this Legislation.

Read statements Andy Sanborn made in this general time period.

Timeline

Issues Related to HB 550

Stage Details

Legislation - Vetoed (Executive) -

Title: Authorizes Businesses to Not Declare Profits from Interest Sales

Legislation - Conference Report Adopted (House) (202-145) - (Key vote)
See How Your Politicians Voted

Title: Authorizes Businesses to Not Declare Profits from Interest Sales

Vote Result
Yea Votes
Nay Votes
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).
Legislation - Conference Report Adopted (Senate) (14-10) - (Key vote)
See How Your Politicians Voted

Title: Authorizes Businesses to Not Declare Profits from Interest Sales

Vote Result
Yea Votes
Nay Votes
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).
Legislation - Nonconcurrence Vote Passed (House) -
Legislation - Bill Passed With Amendment (Senate) (14-10) -
Legislation - Bill Passed (House) -
Legislation - Introduced (House) -

Title: Authorizes Businesses to Not Declare Profits from Interest Sales

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