SB 70 Restricts favorable tax treatment and loan eligibility for employers
Sponsor: Shoemyer
LR Number: 0397L.01I Fiscal Note: 0397-01
Committee: Small Business, Insurance & Industrial Relations
Last Action: 1/16/2007 - Second Read and Referred S Small Business, Insurance & Industrial Relations Committee Journal Page: S106
Title: Calendar Position:
Effective Date: August 28, 2007

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Current Bill Summary

SB 70 - This act bars an employer from receiving favorable tax treatment or loans from the state for 5 years when 25% or more of the employer's workforce is paid under the federal poverty level as published yearly by the United States Department of Health and Human Services. Agencies authorizing tax treatment or the issuance of loans may waive this restriction for a first-time occurrence. Findings of ineligibility may be appealed to the administrative hearing commission.