A2667 — Increases qualified research expenses tax credit for corporation business taxpayers engaged in targeted industries; increases basic research payment tax credit; allows research tax credit to be refundable.

A2667 — Increases qualified research expenses tax credit for corporation business taxpayers engaged in targeted industries; increases basic research payment tax credit; allows research tax credit to be refundable. · Informed CitizenryAssembly Bill 2667 makes changes to the state's corporate tax code regarding incentives for businesses that engage in research and development (R&D). Essentially, it aims to encourage more scientif…Open in Informed Citizenry