Bill
SB 2206
Relating to a franchise tax credit for, and the application of sales and use taxes to, certain research and development expenses.
89th Legislature (2025)
Introduced by Paul Bettencourt and 2 co-sponsors
Texas law creates franchise tax credits and sales tax exemptions for qualifying research and development expenses starting January 1, 2026, reducing corporate taxes to encourage innovation investment.
Effective on 1/1/26
#comptrollerofpublicaccounts(v2608)
#education--higher--institutions&programs(i0223)
#education--higher--privateschools(i0238)
#research&development(s0135)
#taxation--franchise(i0807)
#taxation--sales(i0800)