2007 House Bill 4765

Authorize bio-based technology R&D tax break

Introduced in the House

May 16, 2007

Introduced by Rep. Jeff Mayes (D-96)

To authorize an income tax credit equivalent to 10 percent of certain employee compensation, up to a $500,000 maximum, for a taxpayer engaged in research and development of a bio-based technology, bio-products, bio-fuels, or bio-energy.

Referred to the Committee on Agriculture