The REST Act Supports Small Businesses! (H.R.3725)
The SBAC is strongly supporting legislation filed by Representative Newman designed to cut taxes on entrepreneurs and small businesses across the country. The Relief and Equity for Small Businesses through Tax (REST) Act adjusts Section 199A of the Internal Revenue Code to increase the deduction of qualified business income from 20% to 25% for business owners making less than $100,000 in taxable annual income.
Simply put, this means entrepreneurs that generate less than $100,000 in income will pay fewer taxes so they can grow their businesses.
Read Congresswoman's Marie Newman's Press Release HERE.
14th Annual SBAC Golf Outing RETURNS
It’s that time of year again! Time to start thinking about the… 14th Annual SBAC Golf Outing 2023 Tuesday, June 6, 2023 The Preserve at Oak Meadows We had such a great turn out last year and made so many fantastic memories with you all (check out pics from last year to the…
The RISE Act
Read S.B. 0164 SB 0164 FACT SHEET The RISE Act SB 0164 The Small Business Advocacy Council and Senator Ram Villlivalam have worked to file The RISE Act which provides a tax incentive to businesses that had to retrain and hire net new full-time employees who had lost their jobs as a result of COVID-19…
Child Care Tax Credit
Read S.B. 1444 Read H.B. 3950 SB 1444 & HB 3950 FACT SHEET Child Care Tax Credit HB 3950 & SB 1444 Childcare has a powerful effect on local economies, as the affordability of childcare in many ways dictates whether parents participate in the workforce or remain at home to care for their children. Prior…