Bill Detail: HB24-1157

Title	Employee-Owned Business Office & Income Tax Credit
Status	Senate Third Reading Passed - No Amendments (05/07/2024)
Bill Subjects	Business & Economic Development Fiscal Policy & Taxes State Government
House Sponsors	S. Vigil (D) W. Lindstedt (D)
Senate Sponsors	J. Bridges (D) C. Kolker (D)
House Committee	Business Affairs and Labor
Senate Committee	Finance
Date Introduced	01/30/2024
Summary	The bill creates the employee ownership office, which was originally created administratively by the governor in 2020, as a statutory entity within the office of economic development and international trade (OEDIT). The bill also creates an income tax credit for specified costs incurred by new employee-owned businesses, to be administered by the employee ownership office.
Committee Reports with Amendments	May 04, 2024: Senate Appropriations Committee Report May 02, 2024: Senate Finance Committee Report April 25, 2024: House Appropriations Committee Report March 18, 2024: House Finance Committee Report February 28, 2024: House Business Affairs & Labor Committee Report February 22, 2024: House Business Affairs & Labor Committee Report
Full Text	Full Text of Bill (pdf) (most recent)
Fiscal Notes	Fiscal Notes (04/23/2024) (most recent)
Additional Bill Documents	Bill Documents Including: Past bill versions Past fiscal notes Committee activity and documents Bill History
Lobbyists	Lobbyists
Audio
Votes	House and Senate Votes
Vote Totals	Vote Totals by Party