Income tax, state; tax credit for certain small businesses.
Summary
Income tax; tax credit for certain small businesses. Establishes a one-time, nonrefundable tax credit for taxable years 2026 through 2030 for eligible small businesses, as defined in the bill, equal to $2,500. The bill limits the total aggregate amount of small business credits claimed to $5 million per taxable year.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2026
Committee Review
Floor Vote
Governor
Introduced Jan 12, 2026
Last action Feb 11, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
6
Key actions
1
Committee
3
Feb 9, 2026
Lower · Passed
Subcommittee recommends continuing to (Voice Vote)
lower
Feb 5, 2026
Committee
Assigned HFIN sub: Subcommittee #1
lower
Jan 12, 2026
Committee
Referred to Committee on Finance
lower
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
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