2011 Regular Session

SENATE BILL 727

File Code: Taxes - Income
Sponsored By:
Senators Simonaire, Brinkley, Colburn, Edwards, Getty, Glassman, Jacobs, Jennings, King, Manno, Peters, Pipkin, Reilly, Shank, and Young
Entitled:
Small Business Growth Initiative

Synopsis:

Allowing specified small businesses a credit against the State income tax in a specified amount for a specified guaranty fee paid in order to obtain financing from the United States Small Business Administration; providing for the carryover of unused credit to specified taxable years if the credit exceeds the State income tax otherwise payable for a taxable year; applying the Act to taxable years beginning after 2010; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
Senate Action
2/4
First Reading Budget and Taxation
2/23
Hearing 3/23 at 1:00 p.m.
3/2
Hearing cancelled
Hearing 3/17 at 1:15 p.m.
3/28
Unfavorable Report by Budget and Taxation
House Action
No Action

Sponsored by:

Senator Bryan W. Simonaire, District 31
Senator David R. Brinkley, District 4
Senator Richard F. Colburn, District 37
Senator George C. Edwards, District 1
Senator Joseph M. Getty, District 5
Senator Barry Glassman, District 35
Senator Nancy Jacobs, District 34
Senator J. B. Jennings, District 7
Senator Nancy J. King, District 39
Senator Roger P. Manno, District 19
Senator Douglas J. J. Peters, District 23
Senator E. J. Pipkin, District 36
Senator Edward R. Reilly, District 33
Senator Christopher B. Shank, District 2
Senator Ronald N. Young, District 3

Bill indexed under the following Subjects:

Federal Government
Fees -see also- Attys' Fees; Devt Fees & Taxes; Reimb Rates.
Income Tax
Loans -see also- Mortgages
Small Business
Tax Credits -see also- Circuit Breaker

Bill affects the following Statute:

Tax - General
( 10-729 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled
Fiscal and Policy Note: Available
Amendments: None offered
Committee Votes :
Senate
Budget and Taxation