2023 House Bill 5187

Individual income tax: economic development; research and development income tax credit program; create.

A bill to create a research and development tax credit program; to provide for the administration of the research and development tax credit program; to encourage research and development in this state; to determine eligibility and enter into agreements for certain tax credits; to prescribe the powers and duties of certain state agencies, boards, and departments; to assess and collect certain fees.

Introduced in the House

Oct. 24, 2023

Introduced by Rep. Rachel Hood (D-81) and four co-sponsors

Co-sponsored by Reps. Jason Hoskins (D-18), Julie Rogers (D-41), Jasper Martus (D-69) and Ranjeev Puri (D-24)

Referred to the Committee on Economic Development and Small Business

Reported without amendment

Oct. 25, 2023

Referred to the Committee on Economic Development and Small Business

Oct. 31, 2023

Reported with substitute H-2

Referred to the Committee on Economic Development and Small Business