2019 House Bill 5201

Subsidize employee-owned business

Introduced in the House

Nov. 6, 2019

Introduced by Rep. Nate Shannon (D-25)

To revise operational details of a 1985 law intended to develop and subsidize employee-owned corporations. House Bill 5202 authorizes income tax breaks for selling certain businesses to employees or converting employee-owned business.

Referred to the Committee on Commerce and Tourism