6239-S AMS HARG WILS 044

SSB 6239 - S AMD 610

By Senator Hargrove

1/28/04 NOT ADOPTED

On page 2, after line 20, strike all material down through line 27 and insert the following:

"(2) The credit is equal to ((the greater of the amount of qualified research and development expenditures of a person or eighty percent of amounts received by a person other than a public educational or research institution in compensation for the conduct of qualified research and development, multiplied by the rate provided in RCW 82.04.260(3) in the case of a nonprofit corporation or nonprofit association engaging within this state in research and development, and the rate provided in RCW 82.04.290(2) for every other person)) one thousand dollars for each new full-time employment position created in the business."

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EFFECT: Changes to Hi-tech B&O tax credit for research and development to a credit for new jobs comparable to the software job creation credit in rural counties.