Bill > A03695

This bill establishes a small business tax credit for certain efforts taken to improve a small business's facility in an effort to reduce the spread of infectious diseases. The credit is equal to the amount of money spent by the eligible small business (defined as having 50 or fewer employees) to construct, install, build, and/or equip the facility with new amenities primarily intended to reduce the spread of infectious diseases, up to a maximum of $5,000 per location. The credit can be carried over for up to three years if it exceeds the tax owed for the current year. The bill amends the tax law to allow this new credit.