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Joint Tax Expenditures: Tuesday, May 23, 2023

The committee considered a proposal to decouple from federal tax law and received a briefing on the R&D tax credit.

Hearing Summary

On Tuesday, the committee held an informational hearing on a controversial proposal to decouple from a federal tax incentive deferring capital gains taxes for investments in qualified opportunity zones. The committee also held an informational hearing about the research and development (R&D) tax credit.

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