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SB 1600: Small Business Tax Credit

GENERAL BILL by Soto

Small Business Tax Credit; Defining the term “new small business”; providing a tax credit to new small businesses in a specified amount; requiring new small businesses to apply to the Department of Revenue for tax credit approval; authorizing a new small business to use the remaining amount of tax credit that is greater than can be taken on a single tax return on future tax returns, etc.

Effective Date: 7/1/2014
Last Action: 5/2/2014 Senate - Died in Commerce and Tourism
Location:
Bill Text: Web Page | PDF
Senate Committee References:
  1. Commerce and Tourism (CM)
  2. Appropriations Subcommittee on Finance and Tax (AFT)
  3. Appropriations (AP)



Bill History

Date Chamber Action
2/28/2014 Senate • Filed
3/5/2014 Senate • Referred to Commerce and Tourism; Appropriations Subcommittee on Finance and Tax; Appropriations -SJ 215
3/10/2014 Senate • Introduced -SJ 215
5/2/2014 Senate • Died in Commerce and Tourism