SB 128 (2015) -  New Small Business Tax Credit

by Soto
Providing a tax credit to new small businesses in a specified amount for qualified employees; limiting the total amount of tax credit that may be taken as a deduction; prohibiting receipt of the tax credit through a refund of taxes previously paid; requiring a business to apply to the Department of Revenue for tax credit approval; authorizing an unused amount of tax credit to be carried forward for a specified period under certain circumstances, etc.
Effective Date: 07/01/2015
Last Event: 05/01/15 S Died in Commerce and Tourism on Friday, May 1, 2015 11:59 PM

Referred Committees and Committee Actions

Senate Referrals

  • Commerce and Tourism
  • Finance and Tax
  • Appropriations Subcommittee on Transportation, Tourism, and Economic Development
  • Appropriations

Related Bills

Staff Analysis

(None Available)

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: S Died in Commerce and Tourism Time: 05/01/2015 - 11:59 PM Member: Committee: Commerce and Tourism Version: __
Event: S Introduced -SJ 41 Time: 03/03/2015 - 7:55 AM Member: Committee: Version: __
Event: S Referred to Commerce and Tourism; Finance and Tax; Appropriations Subcommittee on Transportation, Tourism, and Economic Development; Appropriations -SJ 41 Time: 12/12/2014 - 1:01 PM Member: Committee: Commerce and Tourism Version: __
Event: S Filed Time: 11/18/2014 - 3:35 PM Member: Committee: Version: __