RELATING TO TAXATION.
Sponsored By: Glenn Wakai (Democratic)
In Committee
Summary
Amends the research activity tax credit so that references to the base amount in section 41 of the Internal Revenue Code shall not apply and credit for all qualified research expenses may be taken without regard to the amount of expenses for previous years. Increases the annual aggregate cap for the research activity tax credit.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & Cosponsors
Sponsor
Glenn Wakai
Democratic • Senate
Cosponsors
Stanley Chang
Democratic • Senate
Joy A. San Buenaventura
Democratic • Senate
Roll Call Votes
No roll call votes available for this bill.
Actions Timeline
Referred to EDT, WAM.
2/2/2026SenateIntroduced.
1/30/2026SenatePassed First Reading.
1/30/2026Senate
Bill Text
Original
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