SB0570 (CH0525)

Find a 2014 Bill:

2014 Regular Session



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

Sponsored by:

Senator King


Approved by the Governor - Chapter 525

Synopsis:Increasing the maximum total amount of research and development tax credits that the Department of Business and Economic Development may approve in a calendar year from $8,000,000 to $9,000,000; and applying the Act to tax credits certified after December 15, 2013.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Senators King, Feldman, Jones-Rodwell, Kasemeyer, Manno, Peters, and Robey
Additional Facts:Bill File Type: Regular
Effective Date(s): June 1, 2014
Budget and Taxation   View Committee HearingWays and Means   View Committee Hearing
Broad Subject(s):Taxes - Income
Economic and Community Development
Narrow Subject(s):Business and Economic Development, Department of
Corporations -see also- Municipal Corps; Public Corps & Inst
Income Tax
Industry and Technology
Tax Credits -see also- Circuit Breaker

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Explanation of Floor Motions and Actions

October 24, 2017 1:56 P.M.