Biotechnology Investment Incentive Tax Credit - Conversion to Grant Program
Hearing (House)
Summary
The bill replaces the Biotechnology Investment Incentive Tax Credit with a grant program and creates a dedicated fund. It sets eligibility rules, grant amounts, timelines for investment proof, and recapture penalties, and obligates the governor to appropriate $10 million each year. The change is intended to give biotech companies and their investors direct cash support while keeping oversight in the Department of Commerce.
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3 free questions a day, no accountHearings
- Ways and Means — Bill HearingWays and Means · Feb 12, 2026
History
- Hearing 2/12 at 1:00 p.m.
- First Reading Ways and Means
Sponsors
- Chang · sponsor
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