SB0134 (CH0571)

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2018 Regular Session



Small Business Relief Tax Credit

Sponsored by:



Approved by the Governor - Chapter 571

Synopsis:Authorizing a tax credit against the State income tax for certain small businesses that provide to qualified employees paid earned sick and safe leave that is paid at the same rate as the qualified employee normally earns and meets or exceeds certain requirements; making the credit refundable; providing that the total amount of tax credit certificates issued by the Department may not exceed $5,000,000 for any taxable year; applying the Act to all taxable years beginning after December 31, 2017; etc.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:The President (By Request - Administration)
Additional Facts:Cross-filed with: HB0099
Bill File Type: Regular
Effective Date(s): July 1, 2018
By Request of the Governor
Budget and Taxation  View Committee HearingWays and Means  View Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Assessments
Commerce, Department of
Data -see also- Census; Demographics
Income Tax
Rules and Regulations
Salaries and Compensation -see also- Overtime; Reimb. Rates
Small Business
Tax Credits
Work, Labor and Employment -see also- Col Barg; Holiday; etc
Statutes:Article - Tax - General

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Explanation of Floor Motions and Actions

May 18, 2018 3:53 P.M.