HB2520Introduced in the House
Relating To Taxation.
Introduced by Chris Todd, District 3
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
Clarifies that references to the base amount in section 41, Internal Revenue Code of 1986, as amended, shall not apply to the tax credit for research activities, and that the tax credit for qualified research expenses may be claimed without regard to expenses in previous years. Increases the annual cap on the total amount of credits that may be certified by the Department of Business, Economic Development, and Tourism.
Where it stands
Referred to ECD, FIN, referral sheet 6
February 2, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
Bill history
Introduced and Pass First Reading.
Referred to ECD, FIN, referral sheet 6
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