NFIB State Director Ben Homeyer says small businesses strongly support H.4431, legislation that would go a long way toward fixing the state’s costly and confusing business license tax. The Senate could vote on the bill as early as Tuesday.
“Business license tax reform has been a long time coming,” Homeyer said. “Our current system is needlessly complex and costly.
“Over 200 municipalities and counties have a business license tax,” Homeyer said. “Most of them follow their own rules. If you’re a small business owner with locations in two or more towns or a shop in the next county, you must learn two different systems with two sets of definitions. Not only might the renewal dates differ from one jurisdiction to the next, but so might the definition of basic concepts such as gross revenue and even how a business is classified.
“Small businesses don’t have the resources to sort through all this,” Homeyer said. “H.4431 would be a good first step toward removing many of the regulatory and process impediments that make compliance a challenge for small businesses.
“That’s why we’re asking the Senate to vote yes on this pro-small business legislation,” Homeyer said.