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BILL · 2009–10 SESSION · LATEST VERSION SSB 5733

SB 5733: Research & development

Modifying tax credits for research and development expenditures.

Summary

  • Step-up provisions are eliminated and the statutory rate is set at 1.0 percent for private R&D. Businesses conducting R&D through public universities, economic development entities, and public research institutions are granted the credit at a set rate of 1.5 percent of all expenditures on publicly-conducted R&D, not just those exceeding 0.92 percent of taxable income.

From the Senate Bill Report (Orig.) (SB 5733), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 29, 2009
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Jim Kastama (D-25)
Introduced
January 29, 2009 in the Senate
Last action
March 15, 2010
Budget
Has a fiscal note
Versions
SB 5733, SSB 5733

AN ACT Relating to modifying tax credits for research and development expenditures;

Sponsors

Prime sponsor: Jim Kastama (D-25)

Votes

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

History

  1. By resolution, reintroduced and retained in present status. (SSB 5733)
  2. By resolution, reintroduced and retained in present status.
  3. By resolution, reintroduced and retained in present status. (SSB 5733)
  4. By resolution, reintroduced and retained in present status.
  5. EDTI - Majority; 1st substitute bill be substituted, do pass. (SSB 5733)
  6. And refer to Ways & Means. (SSB 5733)
  7. Referred to Ways & Means. (SSB 5733)
  8. Referred to Ways & Means.
  9. And refer to Ways & Means.
  10. EDTI - Majority; 1st substitute bill be substituted, do pass.
  11. First reading, referred to Economic Development, Trade & Innovation.

SB 5733 in other sessions

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

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