Werner Reschke
- Republican
- Representative
- District 55
Primary
Restores the corporate excise tax credit allowed for qualified research activities at an increased maximum amount. Provides for refundability and transferability of the credit. Allows the option for research and development expenditures to be fully deducted in the tax year paid or incurred, rather than treated as capital expenditures and amortized over five years. Applies to tax years beginning on or after January 1, 2025, and before January 1, 2031. Takes effect on the 91st day following adjournment sine die.
No votes to display
In committee upon adjournment.
Referred to Revenue.
First reading. Referred to Speaker's desk.
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