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]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2015-01-20	PDF	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Indiana HB1575

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Indiana HB1575 currently on file.