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Legislation

Original
Chamber
1st
Reading
Referral
to Cmte
2nd
Reading
3rd
Reading
Opposite
Chamber
1st
Reading
Referral
to Cmte
2nd
Reading
3rd
Reading
Review in
Original Chamber
Passed Both
Chambers
Conf. Cmte
(if necessary)
To Governor
Title
Opportunity Bracket for Small Business
Sponsored by
Delegates B. Robinson, Chang, and Miele
Status
In the House - Hearing 3/06 at 1:00 p.m.
Analysis
Fiscal and Policy Note
Synopsis
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.
Details
Bill File Type: Regular
Effective Date(s): July 1, 2015
Legislation History
Chamber
House
Calendar Date
2/09/2015
Legislative Date
2/09/2015
Action
First Reading Ways and Means
Proceedings
Chamber
House
Calendar Date
2/12/2015
Legislative Date
2/12/2015
Action
Hearing 3/06 at 1:00 p.m.
Proceedings
Chamber Calendar Date Legislative Date Action Proceedings
House 2/09/2015 2/09/2015 First Reading Ways and Means
House 2/12/2015 2/12/2015 Hearing 3/06 at 1:00 p.m.
(   10-105.1 )
Last Updated: 2/3/2020 2:28 PM
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