HB 210 (2021)
Increase exemption under I&D tax, lower R&D tax credit
Summary:
Increases the filing threshold for the interest and dividends tax from $2,400 to $3,500 and increases the exemption for blind, disabled, and over 65 taxpayers from $1,200 to $1,750. This bill then decreases the research and development credit against business taxes from $7,000,000 to $2,000,000.
Bill Sponsor:
