Controversial tax bill scheduled for hearing

Controversial tax bill scheduled for hearing

House Bill 4067 would change two parts of the small business tax credit.

The bill, which was proposed by Rep. David Gomber, D-Otis, would decrease the number of hours an employee has to work in order for a business to qualify for the tax cut, and it would reduce the amount of taxable income that qualifies for reduced rates from $5 million to $1 million.

Read more at Statesman Journal