BILL · 2019–20 SESSION

SB 5619: New business B&O tax credit

Creating a business and occupation tax credit for new businesses.

Summary

  • Provides a business and occupations (B&O) tax credit for all new businesses on 100 percent of the tax due for the first 12 months.
  • Allows a new business with less than 25 employment positions the ability to apply for this B&O tax credit for an additional two years.

From the Senate Bill Report (Orig.) (SB 5619), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 25, 2019
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Keith Wagoner (R-39)
Introduced
January 25, 2019 in the Senate
Last action
January 13, 2020
Budget
Has a fiscal note

AN ACT Relating to creating a business and occupation tax credit 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 Financial Institutions, Economic Development & Trade.

SB 5619 in other sessions

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

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