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2010 SESSION

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HB 2 Income tax, state; small business investment tax credit.

Introduced by: G. Manoli Loupassi | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Income tax; small business investment tax credit. Provides a tax credit equal to 10% of the eligible investments made by small business taxpayers in personal property and real estate improvements used in the business. The investments must be made beginning July 1, 2010, but before July 1, 2011, and the minimum amount must be $10,000 in order to qualify for the credit. For purposes of the credit, a business qualifies as small if it has 500 or fewer employees.

FULL TEXT

• 11/16/09  House: Prefiled and ordered printed; offered 01/13/10 10100394D  pdf | impact statement

HISTORY

• 11/16/09  House: Prefiled and ordered printed; offered 01/13/10 10100394D
• 11/16/09  House: Referred to Committee on Finance
• 01/25/10  House: Assigned Finance sub: #3
• 02/09/10  House: Subcommittee recommends continuing to 2011 by voice vote
• 02/10/10  House: Continued to 2011 in Finance by voice vote