Amendment #1 to H4165

Life Sciences Research and Development

Mr. Lawn of Watertown moves to amend the bill at the end thereof by adding the following section:

SECTION ##. Section 42B of Chapter 63 of the General Laws, as appearing in the 2012 Official Edition, is hereby amended by adding the following subsection:-

(d) For the purposes of this section a limited partnership that is not a business corporation but that would otherwise qualify as a research and development corporation under the provisions of this section may be considered a research and development corporation when all partners are corporations, solely for purposes of claiming the exemptions available to research and development corporations under chapters 64H and 64I.