Bill > S1805

This bill aims to stimulate small business investment by providing a tax credit to business corporations. Specifically, it allows a credit against the corporation's tax liability equal to up to the first $500,000 of revenue earned during the taxable year. However, this credit cannot reduce the corporation's excise tax below the amount due under the minimum tax provision in section 39 of the existing law. The purpose of this bill is to provide financial incentives for small businesses to invest and grow their operations.

Budget and Finance

https://malegislature.gov/Bills/193/S1805