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A07045 Summary:

BILL NO    A07045 

SAME AS    SAME AS S04138

SPONSOR    Schimminger (MS)

COSPNSR    Jaffee, Magnarelli, Blake, Stirpe, Rivera, Englebright, Skartados

MLTSPNSR   Abbate, Cook, Solages, Thiele

Add S24-b, amd SS210-B & 606, Tax L

Creates a biotechnology research and development investment tax credit;
provides that such credit shall be the product of fifteen percent and the
qualified Bio/Med research and development costs paid or incurred in the state;
allows credit for the taxable year in which the qualified Bio/Med research and
development activity occurs.
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