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.
Last Action: 2/25/2015 House - Withdrawn prior to introduction -HJ 43
Bill Text: PDF
• Referred to Economic Development and Tourism Subcommittee; Finance and Tax Committee; Economic Affairs Committee
• Withdrawn from Economic Development and Tourism Subcommittee; Finance and Tax Committee; Economic Affairs Committee
• Withdrawn prior to introduction -HJ 43
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