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)
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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
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SB 128, Original Filed Version (Current Bill Version) Posted 11/18/2014 at 3:35 PM
Bill Text: Web Page | PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 517 New Small Business Tax Credit Cortes Identical Last Action: 2/25/2015 H Withdrawn prior to introduction -HJ 43
Location: Withdrawn from consideration
Citations - Statutes (3)
Citation Catchline Location in Bill Location In Bill Help 220.02 Legislative intent. Page 3 (pdf) 220.13 “Adjusted federal income” defined. Page 3 (pdf) 220.197 Page 1 (pdf)