HB4425 — Relating to the exemption for depreciable tangible personal property used in qualified research from the sales and use tax and the tax credit for certain research and development credit activities for franchise tax purposes.

HB4425 — Relating to the exemption for depreciable tangible personal property used in qualified research from the sales and use tax and the tax credit for certain research and development credit activities for franchise tax purposes. · Informed CitizenryHB 4425 amends the Tax Code to clarify and modify rules regarding sales and use tax exemptions and research and development tax credits for franchise tax purposes. The bill defines 'depreciable tan…Open in Informed Citizenry