To reduce from 2 percent to 1 percent the alternative Single Business Tax (SBT) tax rate charged to small businesses with receipts of less than $10 million, and which cap the owners' compensation. Also, to increase from $115,000 to $125,000 the maximum annual compensation a firm's proprietor or manager can earn without disqualifying the company from this lower tax rate.
22 Yeas / 15 Nays | |
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Democrat (1 Yea / 14 Nays) | |
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