HB05059Introduced in the House
An Act Establishing A Research And Development Tax Credit For Pass-through Entities.
IntroducedJoint Finance, Revenue and Bonding
Introduced by Joe Canino, District 65
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
To establish a credit against the personal income tax in the amount of six per cent of the research and development expenses paid or incurred for a taxable year by pass-through entities.
Where it stands
Referred to Joint Committee on Finance, Revenue and Bonding
February 6, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
Bill history
Referred to Joint Committee on Finance, Revenue and Bonding
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