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S04138 Summary:
BILL NO | S04138A |
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SAME AS | SAME AS A07045-A |
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SPONSOR | RANZENHOFER |
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COSPNSR | ORTT |
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MLTSPNSR | |
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Add §24-b, amd §§210-B & 606, Tax L | |
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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. |