HB 798: Enact the Privacy Protection Act

This PDF document proposes a new tax incentive program to encourage businesses to invest in research and development. The program will provide a tax credit of up to 20% of eligible research expenses. To be eligible, businesses must conduct research that advances the state of the art in a specific field. The program aims to stimulate innovation and economic growth by supporting businesses that invest in research and development. The program will be administered by a new state agency, which will oversee the application process and provide guidance to eligible businesses.