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2016 SESSION
HB 1355 Research and development expenses tax credit; refundability.
Introduced by: Peter F. Farrell | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Research and development expenses tax credit; refundability. Provides that any credit earned in excess of the taxpayer's income tax liability will not be refunded by the Tax Commissioner but may be carried forward to apply against the income taxes of the taxpayer in the seven taxable years that immediately follow the taxable year in which the credit was earned.
The provisions of the bill are applicable for taxable year 2017 and taxable years thereafter.
FULL TEXT
HISTORY
- 01/21/16 House: Presented and ordered printed 16104177D
- 01/21/16 House: Referred to Committee on Finance
- 02/04/16 House: Assigned Finance sub: Subcommittee #3
- 02/05/16 House: Subcommittee recommends striking from docket by voice vote
- 02/08/16 House: Stricken from docket by Finance by voice vote