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Legislation watch
2009 Senate Bill 5733: Modifying tax credits for research and development
Introduced by Sen. Jim Kastama, (D-Puyallup) (D) on January 29, 2009
Modifies tax credits for research and development, to allow a credit of 1.5 percent for all amounts paid by a person to a public educational, economic development, or research institution in this state to conduct qualified research and development. Official Text and Analysis.
Referred to the Senate Economic Developement, Trade & Innovation Committee on January 29, 2009
Substitute offered in the Senate on February 23, 2009
To switch the private R&D tax credit from 1.0 percent to 1.25 percent, and the sunset provision in existing code is eliminated.
The substitute passed by voice vote in the Senate on February 23, 2009
Referred to the Senate Ways & Means Committee on February 23, 2009