SB 128: New Small Business Tax Credit
GENERAL BILL by Soto
New Small Business Tax Credit; Providing a tax credit to new small businesses in a specified amount for qualified employees; limiting the total amount of tax credit that may be taken as a deduction; prohibiting receipt of the tax credit through a refund of taxes previously paid; requiring a business to apply to the Department of Revenue for tax credit approval; authorizing an unused amount of tax credit to be carried forward for a specified period under certain circumstances, etc.
Effective Date: 7/1/2015
Last Action: 5/1/2015 Senate - Died in Commerce and Tourism
Bill Text: Web Page | PDF
Last Action: 5/1/2015 Senate - Died in Commerce and Tourism
Bill Text: Web Page | PDF
Senate Committee References:
- Commerce and Tourism (CM)
- Finance and Tax (FT)
- Appropriations Subcommittee on Transportation, Tourism, and Economic Development (ATD)
- Appropriations (AP)
Bill History
| Date | Chamber | Action |
|---|---|---|
| 11/18/2014 | Senate |
• Filed |
| 12/12/2014 | Senate |
• Referred to Commerce and Tourism; Finance and Tax; Appropriations Subcommittee on Transportation, Tourism, and Economic Development; Appropriations -SJ 41 |
| 3/3/2015 | Senate |
• Introduced -SJ 41 |
| 5/1/2015 | Senate |
• Died in Commerce and Tourism |
