2021 House Bill 5601

Create new corporate subsidy program

Introduced in the House

Dec. 2, 2021

Introduced by Rep. Matt Hall (R-63)

To authorize a 15% business income credit for “research and development expenses” incurred by corporations in certain specified industries. Credits and exceed a firm’s tax liability could be “carried forward” and used against future tax liability for up to 15 years.

Referred to the Committee on Tax Policy