Tax policy

Small Business Majority Supports Healthcare Provisions in American Rescue Plan

Today, Small Business Majority submitted a letter to Senate leadership supporting healthcare provisions in the current iteration of the American Rescue Plan, which has vital measures that will strengthen access to healthcare and lower costs for small businesses and their employees. 

English

Small Business Majority supports Wisconsin's SB2 Senate Amendment 4

Small Business Majority submitted a letter to the Wisconsin Senate Comittee on Financial Institutions and Revenueof in support of SB2 Senate Amendment 4, which would bring Wisconsin state tax laws for small businesses in conformity with the CARES Act and federal income taxes regarding small business owners’ ability to deduct allowable expenses paid from Paycheck Protection Program (PPP) loans on their state income taxes.

English

Small Business Majority Supports State Income Tax Exclusion for PPP and Rebuild Virginia Grant Borrowers

Today, Small Business Majority submitted remarks to the House Committee on Finance during the Virginia Regular Session support SB 1146, which would provide up to $50,000 in deductions related to the Rebuild Virginia Grants and up to $50,000 for forgiven PPP loans. SB 1146 would create parity in how PPP funds are treated at both the federal and state level and would allow small businesses not to incur more debt during the pandemic.

English

Small Business Majority Supports State Income Tax Exclusion for PPP Borrowers in Virginia

Small Business Majority submitted written testimony during Virginia's General Session in support of HB 1787, which would establish an state income tax exclusion for Paycheck Protection Program (PPP) borrowers. Small Business Majority called on the House Committee on Finance to support the legislation as it would help small buisnesses by creating parity in how PPP funds are treated at the federal and state level. 

English

Small Business Majority Support PPE Tax Credit For Virginia's Small Businesses

Today, Small Business Majority submitted a letter of support for Amendment Item 4-14 #5-H, Tax Credit for PPE Purchased by Small Business and Other Organizations. This would create a tax credit for the purchase of personal protective equipment (PPE) by small businesses, sole proprietors and other eligible organizations. The amendment also specifies that the credit is meant to include women-owned and minority-owned businesses, as these are groups that are often left behind by the tax code. 

English

The agenda for Virginia's Entrepreneurs: 2020 Special Session

Small Business Majority released its agenda today for Virginia's Entrepreneurs ahead of the 2020 Special Session, which begins on Tuesday, August 18th. The agenda calls for key policy solutions to support small businesses in the state including access to responsible small busuiness lending and expanding healthcare access and affordability. 

English

COVID-19 and the impact to small business: Policy solutions to immediately support America’s job creators

As cases of COVID-19 continue to rise throughout the country, so does its impact on our economy. From stock market dips to decreased foot traffic in thriving neighborhoods, it's vital that our federal and state officials enact short and long-term policies that will offset these effects, particularly for our small business community, whose success is critical to our nation's economic health. Focusing on key policy issues will help support America's job creators. 

Read more »

English

Small Business Majority Supports Unitary Combined Reporting in Virginia

Small Business Majority submitted a letter of support to the House Committee on Finance on HB 1109, corporate income tax; combined reporting requirements; disclosures. Currently, many multi-state corporations are able to take advantage of accounting measures to reduce their state tax bills by shifting their profits to a state that tax it at lower rates, giving them an unfair advantage over small businesses. HB 1109 would level the playing field for small businesses in Virginia that are unable to use loopholes to lower their tax bills.

English

Pages