Allowing a subtraction modification under the State income tax for 50% of the business income received by the owner of a small business; providing that the subtraction may not exceed $50,000 for all of the owners of a small business; authorizing the owners of a small business to allocate the subtraction modification in any manner; applying the Act to taxable years beginning after December 31, 2014; etc.
Bill File Type: Regular
Effective Date(s): July 1, 2015
|Date Posted||Document Name|
|2/10/2015||Text - First - Opportunity Bracket for Small Business|
( 10-105.1 )
Last Updated: 2/3/2020 2:28 PM