2020 House Bill 5741

Coronavirus epidemic response bills – income tax breaks

Introduced in the House

April 28, 2020

Introduced by Rep. Tenisha Yancey (D-1)

To authorize a state business income tax credit for firms with 50 or fewer employees, equal to 24% of the value of a comparable federal benefit authorized by a massive coronavirus relief bill passed by congress, Public Law 116-136 (the “CARES Act”).

Referred to the Committee on Tax Policy