HB 517: New Small Business Tax Credit
GENERAL BILL by Cortes, J.
New Small Business Tax Credit; Provides tax credit to new small businesses in specified amount for qualified employees; limits total amount of tax credit that may be taken as deduction; prohibits receipt of tax credit through refund of taxes previously paid; requires business to apply to DOR for tax credit approval; requires DOR to provide notice of approval or of insufficiencies identified in application within specified period; authorizes unused amount of tax credit to be carried forward for specified period.
Effective Date: 7/1/2015
Last Action: 2/25/2015 House - Withdrawn prior to introduction -HJ 43
Bill Text: PDF
Last Action: 2/25/2015 House - Withdrawn prior to introduction -HJ 43
Bill Text: PDF
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Bill History
Date Chamber Action 1/27/2015 House • Filed
2/5/2015 House • Referred to Economic Development and Tourism Subcommittee; Finance and Tax Committee; Economic Affairs Committee
2/25/2015 House • Withdrawn from Economic Development and Tourism Subcommittee; Finance and Tax Committee; Economic Affairs Committee
• Withdrawn prior to introduction -HJ 43
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HB 517, Original Filed Version (Current Bill Version) Posted 1/27/2015 at 11:16 AM
Bill Text: PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 128 New Small Business Tax Credit Soto Identical Last Action: 5/1/2015 S Died in Commerce and Tourism
Location: In committee/council (CM)
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 4 (pdf) 220.197 Page 2 (pdf)