BILL · 2005–06 SESSION

SB 5639: High tech b & o tax credit

Modifying the high technology business and occupation tax credit.

Summary

A B&O tax credit is allowed in a year when a person's R&D spending exceeds the person's average R&D spending over the previous three years. The amount of credit allowed is equal to the 3 percent times the spending which exceeds the average spending.

From the Senate Bill Report (SB 5639), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee

AN ACT Relating to the high technology business and occupation tax credit;

No recorded floor votes. This measure never reached a floor vote.

Jan 9, 2006By resolution, reintroduced and retained in present status.
Feb 1, 2005First reading, referred to International Trade & Economic Development.

Bill numbers restart every two years, so the same number is a different bill in each session.

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