Finance Committee advances R&D credit and aviation exemptions; several tax bills left pending
The Senate Committee on Finance heard multiple bills May 20, 2025, advancing legislation on research-and-development tax incentives, general aviation maintenance tax exemptions, opioid fund governance and other items. The committee reported five bills favorably and left several tax proposals pending for further work.
The full story
The Senate Committee on Finance on May 20, 2025, advanced several bills and heard testimony on a range of tax and policy proposals, including an extension and restructure of the state research-and-development tax incentive, an exemption for some general‑aviation maintenance parts, and a pilot tax credit to encourage private donations to family‑strengthening nonprofits. Committee members voted to report multiple measures favorably to the full Senate and left other measures pending for further work.
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