General Assembly Proposed Bill No. 566
January Session, 2013 LCO No. 2194
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
SEN. LINARES, 33rd Dist.
General Assembly
Proposed Bill No. 566
January Session, 2013
LCO No. 2194
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
SEN. LINARES, 33rd Dist.
AN ACT CONCERNING A TAX EXEMPTION FOR SMALL BUSINESSES THAT HIRE NEW EMPLOYEES.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That the general statutes be amended to provide an exemption of up to thirty per cent of the income from a business entity, provided such income is used to hire new employees.
Statement of Purpose:
To support small businesses and promote job growth by exempting certain small business income from taxation if the money is used to hire new employees.