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HB 33

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Economic Development - Entrepreneurial Leave Tax Credit Program

Sponsor: Delegate Lewis, J.Committee: Ways and MeansSubject: Economic DevelopmentStatus: Hearing 2/01 at 1:00 p.m. (Ways and Means) (as of Nov 13, 2024)

What this bill does

Official synopsis

Establishing the Entrepreneurial Leave Tax Credit Program in the Department of Commerce to encourage employers to implement leave policies that provide unpaid leave for employees for the purpose of establishing or expanding an employee business in the State; requiring the Department to conduct research on the benefits of entrepreneurship, the creation of leave policies, and the utilization of entrepreneurial leave by employees; and allowing a credit against the State income tax for certain employers.

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Testimony (3)

MGA witness list
FAV 3Favorable
PositionWitnessOrganizationTestimony
FAVLawrence, MarkInncuvateOral + Written (PDF)
FAVDelegate Lewis, J., Delegate Lewis, J.legislatorIndividualOral
FAVLewis, Delegate JazzIndividualWritten (PDF)

Organizations on record