Passed BothConf. Cmte
- Small Business Relief Tax Credit - Expansion
- Sponsored by
- The Speaker (By Request - Administration) and Delegates Adams, Anderton, Arentz, Cassilly, Chisholm, Ciliberti, Corderman, Cox, Ghrist, Hartman, Hornberger, Howard, Jacobs, Kipke, Kittleman, Krebs, Long, Malone, Mautz, McComas, Metzgar, Otto, Pippy, Reilly, Rose, Saab, Shoemaker, and Szeliga
- In the House - Hearing 3/06 at 1:00 p.m.
- Fiscal and Policy Note
Altering the definition of "qualified employee" to include certain individuals who are provided certain paid parental leave for purposes of a credit against the State income tax for certain small businesses that provide certain employer benefits to certain qualified employees; altering the calculation of the credit; increasing, from $5,000,000 to $10,000,000, the total amount of tax credit certificates that may be issued by the Department of Commerce for each taxable year; applying the Act to all taxable years beginning after December 31, 2018; etc.
Bill File Type: Regular
Effective Date(s): July 1, 2019
By Request of the Governor
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Last Updated: 2/3/2020 2:29 PM