SB 792: An Act amending the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, in research and development tax credit, further providing for definitions, for credit for research and development expenses and for limitation on credits.
Topics
✗ Budget & TaxesOpposes Budget & TaxesBill caps R&D tax credit at $120M total, restricting credit availability and limiting program funding per tax policy framework.
✓ TechnologySupports TechnologyBill provides R&D tax credits with $24M reserved for small tech businesses, directly funding technology innovation through tax incentives.