Bill Title: Tax credit for new small businesses. Provides that a taxpayer that is a qualified small business startup is entitled to a graduated tax credit against adjusted gross income tax liability. Defines a "qualified small business startup" as a business that: (1) is not part of an affiliated group of corporations or under common control; (2) has fewer than 10 full-time employees; (3) has sales of not more than $1,000,000; (4) is not publicly traded; and (5) during the preceding five years, was in the first year of employer compliance concerning worker's compensation requirements. The amount of the graduated tax credit

Sponsorship: Partisan Bill (Democrat 1)

Status: (Introduced - Dead) 2015-01-20 - First Reading: referred to Committee on Ways and Means [HB1575 Detail]

Text: Latest bill text (Introduced) [PDF]

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