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A10003 Summary:
BILL NO | A10003 |
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SAME AS | No Same As |
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SPONSOR | Simotas |
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COSPNSR | Schimminger, Jaffee, Colton, Rosenthal L, Miller MG, Barron, Giglio, Byrne, Mosley, Brabenec, Seawright, Glick, Jean-Pierre, Errigo, Davila |
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MLTSPNSR | Abbate, Simon |
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Amd §§606 & 210-B, Tax L | |
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Creates a tax credit for small businesses which suffer a financial loss due to state or local infrastructure projects; provides that to qualify for such credit the business shall have suffered a financial loss of at least twenty-five percent of their projected revenue for the taxable year as a direct result of such state or local infrastructure project. |