It might be tough to say, but a large majority of Representatives in the Missouri House think the Big Government Get Off My Back Act works just fine.
The legislation, sponsored by Speaker Pro Tem Rep. Denny Hoskins (R-Warrensburg) this week won extension through 2022 when the House gave final passage by a margin of 131 to 22.
The measure first passed in 2010 is aimed at helping get government out of the way of small business, and allowing small business the option to grow and prosper. The Act…also known as HB 32, provides an income tax deduction for small business (fewer than 50 employees) for each full time job created with an annual salary of at least the county average wage. The business will be allowed a deduction of $10,000 for each new full time job created or $20,000 for each full time job if the business offers health insurance and pays at least 50 percent of the premiums.
The Act also specifies that any federal mandate compelling the state to enact, enforce or administer a federal regulatory program must be subject to authorization through state appropriation or statutory enactment. It also mandates that before the state enacts a user fee or new rule, that the department enacting the fee or rule must certify that it does not have an adverse impact on small businesses and that it is necessary to protect the life, health, or safety of the public.
So far, 196 new small businesses have qualified for the program.
The bill now moves on to the State Senate.