HB614 - QUALIFIED RESEARCH EXPENSES TAX CREDITS

HB614

AMENDS QUALIFIED RESEARCH EXPENSE TAX CREDIT TO ALLOW 15 YEARS TO CARRY FORWARD AND TO ALLOW TRANSFERS, SALES AND ASSIGNMENTS.

Sponsor:	Foley, James Michael (81)	Effective Date:00/00/0000
CoSponsor:		LR Number:1489-01
Last Action:	02/01/1999 - Referred: Commerce (H)
	HB614
Next Hearing:	Hearing not scheduled
Calendar:	Bill currently not on calendar

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BILL SUMMARIES	BILL TEXT	FISCAL NOTES
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Available Bill Summaries for HB614 Copyright(c) * Introduced

Available Bill Text for HB614 * Introduced *

Available Fiscal Notes for HB614 ****** NO FISCAL NOTES AVAILABLE AT THIS TIME ******

BILL SUMMARIES

INTRODUCED

HB 614 -- Qualified Research Expenses Tax Credits

Sponsor:  Foley

Current law authorizes credits against income taxes or taxes on
financial institutions for qualified research expenses, and
allows these credits to be carried forward 5 years.  This bill
allows the tax credits to be carried forward 15 years, and
authorizes their transfer, sale, or assignment, as prescribed by
the Department of Economic Development.

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Last Updated September 30, 1999 at 1:26 pm