This website will be unavailable from 8:00 p.m, Thursday, May 21 until 7:00 a.m, Tuesday, May 26.
Amend the Keffer Amendment to CSHB 3 on page 9, between lines
8 and 9, by inserting:
Sec. 251.021. CREDIT FOR CERTAIN RESEARCH AND DEVELOPMENT
ACTIVITIES. (a) A business that elects to pay the tax under this
chapter is entitled to a credit against the tax imposed under this
chapter in the amount and under the conditions and limitations
provided by Subchapter 0, Chapter 171, for certain research and
development activities.
(b) The credit may not exceed 50 percent of the amount of tax
due under this chapter for a calendar year.