Category: Economy, Budget and Taxes

SB 215 (2015) establishing an option to rebate the research and development tax credit against business profits taxes.

House/Senate Bill: Senate

Description: Allows taxpayers to elect to receive a rebate of the Research and Development tax credit instead of applying the credit as an offset of tax liability. The rebate is 65 percent of the amount of the credit awarded.

Bill Sponsor: Lou D'Allesandro

Bill Co Sponsor: Click the "Link to Full Bill" for information

Next Hearing Date: Click the "Link to Full Bill" for information

Next Voting Date: Click the "Link to Full Bill" for information

Bill Status

Tabled in the Senate

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