HB4393 — Relating to a franchise tax credit for, and the application of sales and use taxes to, certain research and development expenses.

HB4393 — Relating to a franchise tax credit for, and the application of sales and use taxes to, certain research and development expenses. · Informed CitizenryThe bill amends Chapter 171 of the Tax Code by adding Subchapter T, which establishes a tax credit for certain research and development (R&D) activities. Under this new subchapter, a taxable entit…Open in Informed Citizenry