Committee advances HB163 to decouple R&D tax rule; amendment makes provision effective immediately
House Bill 163, described as a decoupling measure related to research and development tax treatment, was amended to make its effective date immediate and reported favorably; the sponsor said the change could increase the positive fiscal note to about $7.2 million for the state.
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A Senate committee amended and advanced House Bill 163, a measure described by its presenter as a decoupling from a federal tax provision tied to research and development and linked to a positive state fiscal note.
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