RELATING TO TAXATION.
Summary
Clarifies that references to the base amount in section 41, Internal Revenue Code of 1986, as amended, shall not apply to the tax credit for research activities, and that the tax credit for qualified research expenses may be claimed without regard to expenses in previous years. Increases the annual cap on the total amount of credits that may be certified by the Department of Business, Economic Development, and Tourism.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2026
Committee Review
Floor Vote
Governor
Introduced Jan 28, 2026
Last action Feb 2, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Feb 2, 2026
Committee
Referred to ECD, FIN, referral sheet 6
lower
Jan 28, 2026
Introduced
Introduced and Pass First Reading.
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Chris Todd
DDemocratic
Ask Maddy
·
AI policy assistant
Ask Maddy about HB 2520
Scope: HI
Hi! I can help you understand HB 2520. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline