BILL · 2007–08 SESSION

HB 1516: New business b & o tax

Providing business and occupation tax exemptions for new small businesses.

Summary

  • Provides a new business an exemption from paying business and occupation taxes during its first 12 months of operation.
  • Provides a new small business with less than 25 permanent, full-time employees an exemption from paying B&O taxes during its first 24 months of operations and a reduced B&O tax liability for an additional three years.

From the House Bill Analysis 2007 (HB 1516), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 22, 2007
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Dan Roach (R-31)
Introduced
January 22, 2007 in the House
Last action
January 14, 2008
Budget
Has a fiscal note

AN ACT Relating to business and occupation tax exemptions for new businesses;

Sponsors

Votes

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

History

  1. By resolution, reintroduced and retained in present status.
  2. First reading, referred to Community & Economic Development & Trade.

HB 1516 in other sessions

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

Report wrong or missing information on this page