Sen. Hassan discusses R&D tax credit expansion proposal at Sunrise Labs

August 2, 2019 By Chris Newmarker

U.S. Sen. Maggie Hassan (D-N.H.) recently visited Sunrise Labs in Bedford, N.H., to discuss her R&D Tax Credit Expansion Act.

Hassan’s proposal would extend the tax credits to small businesses with less than $10 million in annual revenue, allowing startups with little or no profit to take the credit against all their payroll tax.

“It gives you a refundable tax credit to help you fund those new ideas that can turn into a profitable business and create jobs and really have the kind of ripple effect that we see here at Sunrise,” Hassan said in a Sunrise Labs news release.

“We work with many of these startups, and we’ve spoken with several of them that applaud this effort,” said Sunrise Labs CEO Eric Soederberg.

Hassan introduced the bill last month with Sen. Thom Tillis, R-N.C.

About The Author

Chris Newmarker

Chris Newmarker is the executive editor of WTWH Media life science's news websites and publications including MassDevice, Medical Design & Outsourcing and more. A professional journalist of 18 years, he is a veteran of UBM (now Informa) and The Associated Press whose career has taken him from Ohio to Virginia, New Jersey and, most recently, Minnesota. He’s covered a wide variety of subjects, but his focus over the past decade has been business and technology. He holds bachelor’s degrees in journalism and political science from Ohio State University. Connect with him on LinkedIn or email at cnewmarker@wtwhmedia.com.