Passed economic tax incentive program for small businesses

Passed economic tax incentive program for small businesses
We pushed for incentives allowing businesses that create and fill at least one position and invest at least $5,000 in capital equipment or technology over the course of a year to apply for a tax credit worth as much as $25,000, which may be carried forward up to five years. The bill limits the total available tax credits to $3 million a year.

Exempted small businesses from Kentucky alternative minimum tax
We led the fight to exempt small business owners with less than $3 million in gross profits or gross revenues from the Alternative Minimum Tax, saving money for small businesses.

Passed regulatory fairness legislation for small business
We supported legislation requiring state officials to consider the impact of new regulations on small businesses and allowing lawmakers to declare new regulations as deficient if they unfairly hurt small employers.