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A07045 Summary:
| BILL NO | A07045A |
| SAME AS | SAME AS S04138-A |
| SPONSOR | Schimminger |
| COSPNSR | Jaffee, Magnarelli, Blake, Stirpe, Rivera, Englebright, Skartados, Schimel |
| MLTSPNSR | Abbate, Cook, Solages, Thiele |
| Add §24-b, amd §§210-B & 606, Tax L | |
| Creates a biotechnology research and development investment tax credit; provides that such credit shall be the product of fifteen percent and the qualified Bio/Med research and development costs paid or incurred in the state; allows credit for the taxable year in which the qualified Bio/Med research and development activity occurs. | |