Bill > S04301

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 3 years if it exceeds the tax due for the current year, and a taxpayer cannot claim this credit if they have already claimed the basis of the calculation for another tax credit.