2004 Senate Bill 1274 ↩

Senate Roll Call 465: Passed

To authorize a Single Business Tax (SBT) credit based on the capital investments and the compensation paid to new employees by a business with gross receipts less than $10 million, if the workforce expansion meets certain criteria specified in the bill. The tax credit would be from .5 percent to 2.0 percent of a new employee's compensation, depending on the amount of capital investment also being made by the employer.