2021 Senate Bill 393

Give tax break to businesses afflicted by state virus lockdowns

Introduced in the Senate

April 27, 2021

Introduced by Sen. Kevin Daley (R-31)

To authorize tax relief for a business that was forced to close for at least six weeks due to an executive or emergency order that cost the firm to lose 25% of its gross receipts for the year. The bill would authorize a business income tax credit equal to the firm’s property tax liability for the year. Businesses that rent would get a comparable credit based on lease costs. This applies to restaurants, taverns, hotels and motels, health clubs, entertainment facilities and other such “public facing” enterprises.

Referred to the Committee on Finance

May 27, 2021

Reported without amendment

With the recommendation that the substitute (S-1) be adopted and that the bill then pass.

June 9, 2021

Passed in the Senate 19 to 16 (details)

Received in the House

June 9, 2021

Referred to the Committee on Tax Policy

Dec. 8, 2021

Reported without amendment

Without amendment and with the recommendation that the bill pass.