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CT SB00164

Bill

Official Source

Status

Introduced

2/21/2012

Primary Sponsor

John McKinney

Click for details

Origin

Senate

2012 General Assembly

AI Summary

  • Creates a small business reinvestment account allowing small businesses to defer taxes on income deposited into the account
  • Withdrawn funds must be used exclusively for capital expenses and worker training
  • Withdrawn funds are taxed at one-half the normal tax rate
  • Referred to Committee on Commerce
  • Introduced by Senators McKinney (28th District) and Fasano (34th District)

Legislative Description

An Act Concerning A Small Business Reinvestment Account.

Last Action

Referred to Joint Committee on Commerce

2/21/2012

Committee Referrals

Commerce2/21/2012

Full Bill Text

No bill text available