RELATING TO TAX CREDIT FOR RESEARCH ACTIVITIES.
Sponsored By: Troy N. Hashimoto (Democratic)
In Committee
Summary
Restores the provision that makes references to the Internal Revenue Code's base-amount requirement inapplicable to the Research Activities Tax Credit, allowing all qualified research expenses to be claimed without regard to prior-year expenses. Increases the annual cap for the Research Activities Tax Credit.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & Cosponsors
Sponsor
Troy N. Hashimoto
Democratic • Senate
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
Actions Timeline
Referred to EDT, WAM.
2/2/2026SenateIntroduced.
1/28/2026SenatePassed First Reading.
1/28/2026Senate
Bill Text
Original
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