HB 2663-S.E - DIGEST

(AS OF HOUSE 2ND READING 2/25/94)

     Establishes a program of business and occupation tax credits for qualified research and development expenditures.

     Establishes a tax deferral program for high-technology research and development and pilot scale manufacturing facilities.

     Limits the amount of credit for any one firm.

     Requires a study of the effectiveness of the act.