SB 1041 - This act creates a refundable tax credit for purchases of tangible business property made by eligible small businesses. The tax credit will be available for businesses with annual gross receipts equal to or less than one million dollars, or those businesses which employ thirty or less full-time employees. The tax credit will be equal to one hundred percent of the general revenue portion of state sales taxes paid by an eligible small business on purchases of certain business property during the taxable year. The tax credit may be used against state income, corporate income, corporate franchise, financial institutions, and bridge, utility and express company taxes. JASON ZAMKUS