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FISCAL NOTE
House Bill 163
Committee: Finance and Taxation EducationSponsor: Representative Faulkner
Analyst: Riley Aaron Date: 04/22/2025
House Bill 163 as passed the House of Representatives 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 experimental expenses to be deducted from taxable
income, instead of amortized under current law.