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S03237 Summary:

BILL NOS03237
 
SAME ASSAME AS A04420
 
SPONSORRANZENHOFER
 
COSPNSRORTT
 
MLTSPNSR
 
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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