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FISCAL NOTE
House Bill 163
Committee: Finance and Taxation EducationSponsor: Representative Faulkner
Analyst: Riley Aaron Date: 04/23/2025
House Bill 163 as reported by the Committee on Finance and Taxation Education 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.