BILL · 2005–06 SESSION

SB 6774: High technology research

Restoring the business and occupation tax credit for high technology research and development spending.

Summary

  • The B&O tax credit for high technology R&D is based on a firm's total expenditures rather than on expenditures in excess of 0.92 percent of the firm's taxable amount.

From the Senate Bill Report (SB 6774), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 23, 2006
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Phil Rockefeller (D-23)
Introduced
January 23, 2006 in the Senate
Last action
January 23, 2006
Companion bill
HB 2869
Budget
Has a fiscal note

AN ACT Relating to the business and occupation tax credit for high technology research and development spending;

Sponsors

Votes

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

History

  1. First reading, referred to Ways & Means.

SB 6774 in other sessions

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

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