B25-0284 - Helping Small Businesses Recover and Thrive Amendment Act of 2023

7 Co-Sponsors

As introduced, Bill 25-284 would increase the tax credit available to qualifying businesses for a portion of rent or property taxes paid and also reduce the taxable value of the commercial property if it is rented or owned by the qualifying business. It would also prohibit sales tax from being imposed on service fees at restaurants. It would allow small businesses to receive written notice of license renewals by the Department of Licensing and Consumer Protection, modify requirements for bar manager licensure, and mandate the development of a public awareness campaign to educate about upcoming changes to the tipped minimum wage. Among other things, it would also prohibit the charging of swipe fees on the sales tax portion of a credit or debit card transaction. It would establish requirements for states to conduct and report adverse actions and require all compact states to share licensee information with other compact states. It would create a coordinated database on participating compact occupational therapists and also establish the Occupational Therapy Licensure Compact Commission.