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SB 576: Research and Development Tax Credit

GENERAL BILL by Gruters ; (CO-INTRODUCERS) Hutson

Research and Development Tax Credit; Deleting a limitation on industries that qualify for the research and development credit against the corporate income tax; increasing the combined total amount of credits which may be granted to business enterprises during any calendar year; requiring that a specified amount of credits be allocated to certain qualified cleantech businesses, etc.

Effective Date: Upon becoming a law
Last Action: 1/14/2020 Senate - Introduced -SJ 44
Bill Text: Web Page | PDF
Senate Committee References:
  1. Commerce and Tourism (CM)
  2. Finance and Tax (FT)
  3. Appropriations (AP)



Bill History

Date Chamber Action
10/18/2019 Senate • Filed
11/1/2019 Senate • Referred to Commerce and Tourism; Finance and Tax; Appropriations -SJ 44
11/5/2019 Senate • On Committee agenda-- Commerce and Tourism, 11/12/19, 10:30 am, 110 Senate Building
11/12/2019 Senate • Favorable by Commerce and Tourism; YEAS 5 NAYS 0 -SJ 132
11/13/2019 Senate • Now in Finance and Tax
1/14/2020 Senate • Introduced -SJ 44