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S04377 Summary:

BILL NOS04377
 
SAME ASSAME AS A05136
 
SPONSORPARKER
 
COSPNSR
 
MLTSPNSR
 
Add §§212 & 606-a, Tax L
 
Authorizes the trading of existing but unused research and development credits and existing but unused net operating loss deductions to existing corporations and partnerships in return for private assistance; enacts the "Small New York Based High-Technology Business Investment Tax Credit Act".
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