HB 1275: Small Business Tax Cut Act
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Author Topic: HB 1275: Small Business Tax Cut Act  (Read 3124 times)
GM Team Member and Deputy PPT WB
weatherboy1102
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« Reply #25 on: August 02, 2018, 10:30:10 AM »
What exactly is the definition of "small business" in this bill?
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Computer89
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« Reply #26 on: August 02, 2018, 11:26:27 AM »
Quote from: Representative Weatherboy1102 on August 02, 2018, 10:30:10 AM
What exactly is the definition of "small business" in this bill?

https://www.sba.gov/blogs/how-and-why-determine-if-your-business-small


I would say the definitions used here .
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Computer89
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« Reply #27 on: August 02, 2018, 11:27:43 AM »
Hopefully with a new deputy GM we can get the official numbers for this proposed plan:


Quote from: Old School Republican on July 22, 2018, 08:29:43 PM
Quote from: Former GM 1184AZ on July 22, 2018, 07:11:40 PM
Quote from: Old School Republican on July 22, 2018, 07:10:22 PM
Quote from: Former GM 1184AZ on July 22, 2018, 06:44:08 PM
Here are the official estimates for this bill:

https://cdn.discordapp.com/attachments/416395456604536842/470736947934003201/Small_Business_Tax_Cut_Act.xlsx

Please feel free to ask any questions about this estimate that you may have.

Thanks
Deputy GM
1184AZ


How many years is this over
These are annual costs.


Can we have estimates for what this plans would cost


0-50k: 10%
50k-125k : 15%
125k-250k : 20%
250k-500k : 25%
500k+ : 32.5%


Can you also do a estimate of how much capping these two deductions would save:

Capping SALT at $30,000
Capping Morgatage Deduction at  $750,000
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Pericles
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« Reply #28 on: August 04, 2018, 05:02:57 PM »
Will there be any amendments to this or shall we just table it?
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Computer89
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« Reply #29 on: August 04, 2018, 07:31:53 PM »
Quote from: People's Speaker Pericles on August 04, 2018, 05:02:57 PM
Will there be any amendments to this or shall we just table it?

Well I have an unofficial amendment to the bill right above but I want to see what the numbers would be of that new proposal .
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Pericles
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« Reply #30 on: August 11, 2018, 03:19:17 PM »
Can someone put up an amendment so we can have HCP analyse it?
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Computer89
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« Reply #31 on: August 11, 2018, 04:04:54 PM »
Quote from: People's Speaker Pericles on August 11, 2018, 03:19:17 PM
Can someone put up an amendment so we can have HCP analyse it?

Ok I will do it
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Computer89
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« Reply #32 on: August 11, 2018, 04:11:34 PM »
Here is the new amendment

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Pericles
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« Reply #33 on: August 24, 2018, 02:10:15 AM »
Needless to say, the amendment is adopted. However from what I've heard from HCP I'm not sure if Old School Republican wants to make changes or not, and does anyone have anything to add on this bill?
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Computer89
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« Reply #34 on: August 24, 2018, 12:04:51 PM »
Quote from: People's Speaker Pericles on August 24, 2018, 02:10:15 AM
Needless to say, the amendment is adopted. However from what I've heard from HCP I'm not sure if Old School Republican wants to make changes or not, and does anyone have anything to add on this bill?


Problem is the numbers AZ used and HCP used were different so Im not really sure
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fhtagn
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« Reply #35 on: August 25, 2018, 10:09:01 AM »
Assuming no one else has anything to add since there hasn't been more debate, and there seems to be no issues with the amendment, I'm going to go ahead and motion for a final vote. 24 hours for objections.
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Computer89
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« Reply #36 on: August 26, 2018, 02:28:03 PM »
Here is the current tax rates according to the analysis the former Deputy GM AZ did :


Current Tax Rate    Rate
0-13K                        10%
 13K-50k              15%
 50K-130K                25%
 130K-210K            28%
 210K-413K             33%
 413K-441K             35%
 441K+                   39.60%
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Computer89
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« Reply #37 on: August 26, 2018, 02:30:00 PM »
No Objections
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fhtagn
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« Reply #38 on: August 26, 2018, 02:54:33 PM »
A final vote is now open on this bill. Representatives, please vote Aye, Nay, or Abstain. Voting ends in 72 hours.
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Computer89
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« Reply #39 on: August 26, 2018, 02:55:38 PM »
Aye
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Pericles
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« Reply #40 on: August 26, 2018, 02:58:29 PM »
Aye
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fhtagn
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« Reply #41 on: August 26, 2018, 03:44:15 PM »
Aye
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GM Team Member and Deputy PPT WB
weatherboy1102
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« Reply #42 on: August 26, 2018, 08:47:35 PM »
Aye
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P. Clodius Pulcher did nothing wrong
razze
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« Reply #43 on: August 27, 2018, 02:28:38 PM »
Abstain
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fhtagn
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« Reply #44 on: August 28, 2018, 10:14:13 PM »
« Edited: August 28, 2018, 10:56:42 PM by fhtagn »
Voting has ended.

Aye: 4 (OSR, Pericles, fhtagn, weatherboy)
Nay: 0
Abstain: 1 (Razze)
Didn't vote: 4 (Peebs, Lechasseur, Rfayette, OneJ)
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Pericles
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« Reply #45 on: August 28, 2018, 10:27:41 PM »
Quote from: fhtagn on August 28, 2018, 10:14:13 PM
Voting has ended.

Aye: 5 (OSR, Pericles, fhtagn, weatherboy, Razze)
Nay: 0
Abstain: 0
Didn't vote: 4 (Peebs, Lechasseur, Rfayette, OneJ)

Razze abstained.
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fhtagn
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« Reply #46 on: August 28, 2018, 10:56:53 PM »
Quote from: People's Speaker Pericles on August 28, 2018, 10:27:41 PM
Quote from: fhtagn on August 28, 2018, 10:14:13 PM
Voting has ended.

Aye: 5 (OSR, Pericles, fhtagn, weatherboy, Razze)
Nay: 0
Abstain: 0
Didn't vote: 4 (Peebs, Lechasseur, Rfayette, OneJ)

Razze abstained.

Fixed
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OSR stands with Israel
Computer89
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« Reply #47 on: August 29, 2018, 01:59:04 PM »
So did this bill pass
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Mr. Reactionary
blackraisin
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« Reply #48 on: August 29, 2018, 02:11:36 PM »

Yeah. Its currently being debated in the Senate. You should speak in favor.
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Pericles
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« Reply #49 on: September 07, 2018, 05:21:53 AM »
Old School Republican has reintroduced the bill in this amended form, expressing the hope that the error is now fixed.
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Pending[/quote]

The same 48-hour rule applies, I can still motion to table even if I'm not Speaker. Personally this seems like it could use some work but we'll see how debate goes from here.
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