BILL · 1997–98 SESSION

HB 2852: Distressed area new business

Exempting new businesses in distressed areas from business and occupation tax.

Summary

  • A business and occupation (B&O) tax exemption is provided to a new small business that has gross receipts of less than $5 million per year and is located in an economically distressed area. The business is exempt from all B&O tax liability for the first 36 months of operation.

From the House Bill Analysis (HB 2852), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 21, 1998
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Steve Van Luven (R-48)
Introduced
January 21, 1998 in the House
Last action
January 21, 1998
Budget
Has a fiscal note

Sponsors

Votes

No recorded floor votes. This measure never reached a floor vote.

History

The Legislature's online data doesn't include step-by-step history for sessions before 2001. Its final status is shown above, and the official bill page may have more.

HB 2852 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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