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NY Senator Gillibrand to Propose Legislation for Permanent Federal Research and Development Tax Credit

From the Albany Times-Union:

U.S. Sen. Kirsten Gillibrand will propose expanding, simplifying and making permanent the federal Research and Development Tax Credit, during a news conference Friday afternoon at Watervliet Arsenal Business & Technology Partnership.

She will be joined by U.S. Rep. Paul Tonko, Albany County Executive Michael Breslin, and Alain Kaloyeros, CEO of the College of Nanoscale Science and Engineering at the Univesity at Albany. The proposal could benefit more than 2,000 companies in New York state, according to Gillibrand.

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