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1999 SESSION

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HB 1667 Research and development investment tax credit

Introduced by: Harry R. Purkey | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Technology and biotechnology investment incentives. Creates a research and development tax credit, not to exceed 15 percent of the amount spent by the taxpayer on an eligible research and development activity. The maximum credit is $100,000 per year. The tax credit will become effective only if reenacted by the 2000 General Assembly Session. The bill also directs the Secretaries of Technology and Commerce and Trade to conduct a study of tax incentives for research and development initiatives.


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