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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.
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