HB 1541 (2022)
Allow new, small LLCs to defer business taxes
Summary:
Creates a five year Business Profits Tax (BPT) and Business Enterprise Tax (BET) deferral for qualified LLC startups that make an election to utilize the tax deferral. A qualified LLC startup is a limited liability company formed to develop a service or innovative product and bring it to market, with a payroll of no more than $100,000 per year for employees.
Bill Became Law?:
No
Status:
Status Detail:
Killed in the House
Public Hearing Date:
01/20/2022 10:30 am
Public Hearing Location:
LOB Room 202-204
House Voting Date:
02/16/2022
