HB 517 (2015) -  New Small Business Tax Credit

by Cortes, J.
Provides tax credit to new small businesses in specified amount for qualified employees; limits total amount of tax credit that may be taken as deduction; prohibits receipt of tax credit through refund of taxes previously paid; requires business to apply to DOR for tax credit approval; requires DOR to provide notice of approval or of insufficiencies identified in application within specified period; authorizes unused amount of tax credit to be carried forward for specified period.
Effective Date: July 1, 2015
Last Event: Withdrawn prior to introduction on Wednesday, February 25, 2015 1:48 PM

Related Bills

Staff Analysis

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Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Withdrawn prior to introduction Time: 02/25/2015 - 1:48 PM Member: Cortes, J. Committee: Version: __
Event: H Now in Economic Development & Tourism Subcommittee Time: 02/05/2015 - 10:43 AM Member: Committee: Economic Development & Tourism Subcommittee Version: __
Event: H Referred to Economic Affairs Committee Time: 02/05/2015 - 10:43 AM Member: Committee: Economic Affairs Committee Version: __
Event: H Referred to Finance & Tax Committee Time: 02/05/2015 - 10:43 AM Member: Committee: Finance & Tax Committee Version: __
Event: H Referred to Economic Development & Tourism Subcommittee Time: 02/05/2015 - 10:43 AM Member: Committee: Economic Development & Tourism Subcommittee Version: __
Event: H Filed Time: 01/27/2015 - 11:16 AM Member: Cortes, J. Committee: Version: __