General Assembly Proposed Bill No. 594
January Session, 2011 LCO No. 919
Referred to Committee on Finance, Revenue and Bonding
Introduced by:
SEN. BOUCHER, 26th Dist.
General Assembly
Proposed Bill No. 594
January Session, 2011
LCO No. 919
Referred to Committee on Finance, Revenue and Bonding
Introduced by:
SEN. BOUCHER, 26th Dist.
AN ACT CONCERNING THE INCOME TAX RATE FOR SMALL BUSINESS OWNERS.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That chapter 229 of the general statutes be amended to provide that any person who owns a small business and has added one or more full-time employees in the taxable year shall be subject to a rate of tax on such person's personal income tax of not more than five per cent.
Statement of Purpose:
To repeal the increase in the income tax rate for small business owners who have created jobs.