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California LAO Explains Federal COVID-19 R&D Funding

Dated May 15, 2020

SUMMARY BY TAX ANALYSTS

The California Legislative Analyst's Office explained in a report how the state generally receives research and development funding from the federal government and how it is spent, including tax credits for California corporations; the report raises issues to consider regarding recent federal COVID-19 relief programs and how they could affect the state's R&D efforts.

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