SB0200 (CH0743)

Find a 2017 Bill:

2017 Regular Session



Income Tax Credit - Qualified Research and Development Expenses - Credit Amounts

Sponsored by:

Senator King


Approved by the Governor - Chapter 743

Synopsis:Increasing from $4,500,000 in calendar year 2016 to $6,500,000 in calendar year 2017 and each calendar year thereafter, the maximum total amount of research and development tax credits that the Department of Commerce may approve in the specified calendar years; and applying the Act to all research and development tax credits certified after December 15, 2016.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Senators King, Currie, DeGrange, Feldman, Ferguson, Guzzone, Madaleno, Manno, McFadden, Middleton, Peters, and Young
Additional Facts:Cross-filed with: HB0240
Introduced in a prior session as: SB0211 Session: 2016 Regular Session
Bill File Type: Regular
Effective Date(s): July 1, 2017
Budget and Taxation  View Committee HearingWays and Means  View Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Corporations -see also- Municipal Corps; Public Corps & Inst
Income Tax
Industry and Technology
Tax Credits
Statutes:Article - Tax - General

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions

November 28, 2017 1:09 P.M.