An Act allowing for the deduction of business interest
By Mrs. Kane of Shrewsbury, a petition (accompanied by bill, House, No. 2967) of Hannah Kane and others relative to allowing for certain tax deductions of business interest. Revenue.
Bill Information
Bill Information
- Presenter:
- Hannah Kane
- Status:
- Referred to House Committee on Ways and Means
Emergency Preamble
Whereas, The deferred operation of this act would tend to defeat its purpose, which is to decouple from certain provisions of the federal Tax Cuts and Jobs Act that took effect for tax years beginning after December 31, 2017, therefore it is hereby declared to be an emergency law, necessary for the immediate preservation of the public convenience.
Bill History
| Date | Branch | Action |
|---|---|---|
| 3/29/2021 | House | Referred to the committee on Revenue |
| 3/29/2021 | Senate | Senate concurred |
| 12/14/2021 | Joint | Hearing scheduled for 12/22/2021 from 10:00 AM-05:00 PM in Virtual Hearing |
| 4/7/2022 | House | Accompanied by S1935 |
| 4/7/2022 | House | Bill reported favorably by committee and referred to the committee on House Ways and Means |
| 1/3/2023 | House | No further action taken |
The information contained in this website is for general information purposes only. The General Court provides this information as a public service and while we endeavor to keep the data accurate and current to the best of our ability, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.