Local Business Tax (Watch)

Local Business Tax (Watch)

HB 603 (Gonzalez) and SB 910 (Garcia) create new exemptions from the local business tax for veterans, certain spouses of veterans and low-income people. The bills also exempt businesses with fewer than 100 people if an exempt individual owns a majority interest in the business. AB 603 also allows certain cities that impose a local business tax on merchants measured by gross receipts to continue to impose the tax. (Hughes)