Relating to a tax credit for workforce expansion; prescribing an effective date.
Catchline/Summary:
Creates credit against income tax for taxpayers with not more than 100 employees that create 10 or more new jobs during tax year. Creates credit against income tax for taxpayers with not more than 100 employees that create 10 or more new jobs during tax year.
Applies to tax years beginning on or after January 1, 2020, and before January 1, 2026.
Takes effect on 91st day following adjournment sine die.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
Revenue Impact:
May Have Revenue Impact, But No Statement Yet Issued
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SB 571 Senate Committee On Business and General Government
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