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Legislative Year: 2024 Change

Title	Employee-Owned Business Office & Income Tax Credit
Status	House Third Reading Passed with Amendments - Floor (04/26/2024)
Bill Subjects	Business & Economic Development Fiscal Policy & Taxes State Government
House Sponsors	S. Vigil (D) W. Lindstedt (D)
Senate Sponsors	J. Bridges (D)
House Committee	Business Affairs and Labor
Senate Committee
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	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	[This feature is available by subscription.]
Votes	House and Senate Votes
Vote Totals	Vote Totals by Party