Repeals the provision that made references to the base amount in the Internal Revenue Code inapplicable to the research activities tax credit and allowed credits for all qualified research expenses to be taken without regard to previous years' expenses. Narrows the qualifying criteria for research activities tax credits to applicants who are small businesses registered in the State. Extends the sunset date of the research activities tax credit to 12/31/2029. (CD1)

Statutes affected:
SB2497: 235-110.91
SB2497 SD1: 235-110.91
SB2497 SD2: 235-110.91
SB2497 HD1: 235-110.91
SB2497 CD1: 235-110.91
Latest: 235-110.91