Income Tax – Research and Development Credit – Small Business Set-Aside

Bill Number:  HB0521

Bill Sponsor(s):  Delegate Tarlau

Subject:  Ways and Means

Bill Summary:

Requiring the Department of Commerce to make available 20% of the total amount of research and development tax credits that the Department may approve in a calendar year to small businesses; providing for the use of certain unused credits; providing for the calculation of the credit if more than a certain amount of credits are applied for in a calendar year; applying the Act to all research and development tax credits certified after December 15, 2017; etc.

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