Relates to small business savings accounts

This bill creates a new tax-advantaged savings program called SAVE for small businesses with 25 or fewer employees and annual net income under $250,000. It allows these businesses to contribute up to 10% of their previous year's gross profits to the accounts and deduct those contributions from their taxes, while tax-free withdrawals are permitted during specified economic hardship periods if the funds are used for worker hiring or job retention. The program requires the state tax commissioner to establish account standards, set distribution limits during hardship periods, and report annually on the accounts' effectiveness in stabilizing businesses and creating jobs.