2005 Senate Bill 659

Revise certain business tax break conditions

Introduced in the Senate

June 29, 2005

Introduced by Sen. Jud Gilbert (R-25)

To raise the maximum compensation that can be paid out to a partner or owner of a firm and still qualify for certain state tax breaks. This provision applies mostly to small businesses. The compensation cap would rise to $187,500, and be indexed to inflation.

Referred to the Committee on Economic Development, Small Business, and Regulatory Reform