SB21Introduced in the Senate
Creating an employee ownership conversion costs tax credit, a deduction for capital gains from the transfer of a business to employee ownership, and an employee ownership education and outreach program. (FE)
Introduced by Jesse James, District 23
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
An Act to amend 71.05 (6) (a) 15., 71.21 (4) (a), 71.26 (2) (a) 4., 71.34 (1k) (g) and 71.45 (2) (a) 10.; to create 71.05 (6) (b) 57., 71.07 (12), 71.10 (4) (em), 71.26 (2) (a) 13., 71.28 (12), 71.30 (3) (am), 71.45 (2) (a) 25., 71.47 (12), 71.49 (1) (am), 73.03 (78) and 73.03 (79) of the statutes; Relating to: creating an employee ownership conversion costs tax credit, a deduction for capital gains from the transfer of a business to employee ownership, and an employee ownership education and outreach program. (FE)
Where it stands
Failed to pass pursuant to Senate Joint Resolution 1
March 23, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
Bill history
Introduced
Read first time and referred to Committee on Agriculture and Revenue
Fiscal estimate received
Representatives Fitzgerald and Roe added as cosponsors
Representative Joers added as a cosponsor
Senate Substitute Amendment 1 offered by Senator James
Representative Bare added as a cosponsor
Representative O'Connor added as a cosponsor
Senate Amendment 1 to Senate Substitute Amendment 1 offered by Senator James
Senate Amendment 2 to Senate Substitute Amendment 1 offered by Senator James
Public hearing held
Failed to pass pursuant to Senate Joint Resolution 1
Verify the information
Our commitment to neutrality
We provide factual information only. We never tell you which politicians or bills to support, and we do not rank, score, or endorse anyone.