Small Business Relief Tax Credit

Bill Number:  SB0134

Bill Sponsor(s):  President

Subject:  Budget and Taxation

Bill Summary:

Authorizing a tax credit against the State income tax for certain small businesses that provide certain employer benefits to qualified employees; providing for the calculation of the credit; requiring the Department of Commerce to issue a tax credit certificate under certain circumstances; providing that the total amount of tax credit certificates issued by the Department may not exceed a certain amount for each taxable year; making the Act contingent on the taking effect of another Act; etc.

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