Provides that the franchise tax on businesses with a business income base over five million dollars shall be nine percent of such income base.
Relates to business income base and certain small business taxpayers.
Provides for an angel investor income tax credit for investments in qualified businesses that exceed $25,000.
income tax; subtraction; small businesses
Imposes fines of up to ten thousand dollars per hour on businesses which are found to have skimming devices operating at such business for more than one hour.
Provides corporation business tax and gross income tax credits for businesses that employ apprentices in DOL registered apprenticeships.
Relates to the business income rate and expanding the small business subtraction modification.
Relates to the business income rate and expanding the small business subtraction modification.
Provides that income taxes shall be adjusted to account for a cost of living adjustment for certain tax years.
Provides that receipts from other services and other business receipts, taxpayers, and combined groups including members, engaged in providing professional employer organization services shall include with such receipts amounts received with respect to wages, benefits, and other employee expenses disbursed to or for the benefit of a client's worksite employees and the related employment taxes if the amounts received are included in the calculation of the business income base or the combined business income base, respectively.