SB 6347-S2.E - DIGEST
(DIGEST AS ENACTED)
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.
Establishes repayment schedules.
Requires assessments of the results of the tax credit and deferral programs in 1997, 2000, and 2003.