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Regulations in Relation to Small Businesses (view source)
Revision as of 17:02, 10 February 2016
, 17:02, 10 February 2016no edit summary
**Permanently extends the R&D tax credit
**Eligible small businesses (<$50 million in gross receipts) can claim the credit against AMT liability, and the credit can also be used by certain small businesses against the employer’s payroll tax liability
===Increasing operational costs from EPA Regulations===
[http://www.nfib.com/content/issues/labor/regulations-affecting-small-business-58652/ (NFIB)]
====Definition of Waters of the US Under the Clean Water Act====
*Final rule issued in May 2015
*Expanding definition of US waters that are ‘navigable’, in some cases including small depressions or farm ponds
*Could impose federal mandates for water quality levels in these local waters
*May restrict ability of small businesses to expand or develop their land and decrease land value
====Greenhouse Gas Emissions===
*Final rule issued August 2015
*Require states to increase the percentage of power they generate from alternative sources, which are weaker and more epensive
*Will this make electricity more costly for people, in particular small businesses?
====Expansion of Overtime Eligibility====
*Expected to be implemented late 2016, proposed in July 2015
*Any salaried worker who earns less than $50,440 will be eligible for overtime
**Currently the threshold is at $23,660
**This would be a 110% increase
*”NFIB estimates that about 40% of small businesses will have employees newly eligible for time-and-a-half overtime pay. If a business cannot afford to pay managers over $50,000 per year, the business will have to change these employees from salaried exempt to hourly nonexempt employees and prohibit overtime work.” [http://www.nfib.com/article/new-overtime-rule-add-costs-to-small-businesses-and-hurts-workers-70007/ (NFIB-OR)]
*For small businesses to avoid the overtime pay, managers would probably be moved from salaried positions to hourly jobs
**Less flexibility of hours
**Decreased worker morale
**Fewer salaried, managerial positions → little advancement opportunities
=='''Harmful Government Regulations'''==
