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FISCAL NOTE
House Bill 163
Committee: Financial Services Sponsor: Representative Faulkner
Analyst: Riley Aaron Date: 02/19/2025
House Bill 163 as reported by the Committee on Financial Services could increase income tax
receipts to the Education Trust Fund by an estimated cumulative maximum of $7.2 million,
beginning in fiscal year 2025 by allowing research and development expenses to be deducted
from taxable income, instead of amortized under current law.