RELATING TO TAXATION.
Sponsored By: Dru Mamo Kanuha (Democratic)
In Committee
Summary
Clarifies that references to the base amount in section 41, Internal Revenue Code of 1986, as amended, shall not apply to the tax credit for research activities, and that the tax credit for qualified research expenses may be claimed without regard to expenses in previous years. Increases the annual cap on the total amount of credits that may be certified by the Department of Business, Economic Development, and Tourism.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & Cosponsors
Sponsor
Dru Mamo Kanuha
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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