Bill
S 1122
Overview: S 1122, a bill to extend the benefits of the STAR program to small businesses, has been referred to the Committee on Local Government. It was introduced on March 25, 2025
Overview: S 1122, a bill to extend the benefits of the STAR program to small businesses, has been referred to the Committee on Local Government. It was introduced on March 25, 2025.
Purpose and Intent: The main goal of S 1122 is to expand the existing STAR (Small Business Tax Relief) program to provide tax relief and other benefits to small businesses in the state.
Key Provisions:
- Extends STAR program eligibility to small businesses with fewer than 50 employees
- Provides a 20% reduction in state business taxes for eligible small businesses
- Offers grants and other financial assistance to help small businesses invest in technology, training, and expansion
Affected Parties and Impacts: This bill would directly benefit small businesses in the state by reducing their tax burden and providing additional financial support. It could lead to increased investment, job creation, and economic growth in the small business sector.
Procedural and Timeline Considerations: S 1122 has been referred to the Committee on Local Government and is currently under consideration.
Compiled from official sources — confirm details with the bill’s official record.
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