SMALL BUSINESS INCENTIVES
Summary
Creates the Small Business Economic Incentive Act. Provides that at least 50% of the dollar value of all economic incentives awarded to businesses by the State or by any State agency on or after January 1, 2026 shall be awarded to businesses with 50 or fewer full-time employees. Effective January 1, 2026.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 15, 2025
Last action Mar 21, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
6
Key actions
0
Committee
3
Mar 21, 2025
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Feb 11, 2025
Committee
Assigned to Small Business, Technology Innovation, and Entrepreneurship Committee
lower
Jan 28, 2025
Committee
Referred to Rules Committee
lower
1 primary · 1 co-sponsor
Sponsors
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