2006 House Bill 6558

Authorize SBT credit for R&D

Introduced in the House

Sept. 20, 2006

Introduced by Rep. Steve Tobocman (D-12)

To authorize a Single Business Tax credit equal to 20 percent of the amount a firm spends on research and development. Note: The SBT is eliminated as of the end of 2007.

Referred to the Committee on Tax Policy