Enacts the "microbusiness resiliency and growth act" to define microbusinesses and provide a segregated sales tax system.

The bill enacts the "microbusiness resiliency and growth act," defining "microbusiness" as a business employing five or fewer persons, resident in the state, independently owned and operated, not dominant in its field, and not primarily conducting business over the internet. It provides for a segregated sales tax system for such microbusinesses, with zero percent tax on sales for the first year and two percent in the second year, provided the minimum wage is met. Microbusinesses must keep records of employees, wages, and sales tax reductions on a quarterly basis.

Enacts the "microbusiness resiliency and growth act" to define microbusinesses and provide a segregated sales tax system.

The bill enacts the "microbusiness resiliency and growth act," defining "microbusiness" as a business employing five or fewer persons, resident in the state, independently owned and operated, not dominant in its field, and not primarily conducting business over the internet. It provides for a segregated sales tax system for such microbusinesses, with zero percent tax on sales for the first year and two percent in the second year, provided the minimum wage is met. Microbusinesses must keep records of employees, wages, and sales tax reductions on a quarterly basis.