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Legislative Year: 2024 Change
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Bill Detail: HB24-1157

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Title Employee-Owned Business Office & Income Tax Credit
Status Sent to the Governor (05/23/2024)
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.

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Fiscal Notes Fiscal Notes (04/23/2024) (most recent)  
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