From the Advocate:
A state Senate panel Monday endorsed a tax rebate for private companies that work with state universities on commercial ventures.
Senate Bill 134 sponsored by state Sen. Dan Claitor, R-Baton Rouge, moves to the full Senate for debate.
The measure, backed by Gov. Bobby Jindal, would allow a rebate from Dec. 31, 2011, until Dec. 31, 2017.
Companies have been eligible for a refundable tax credit through the Technology Commercialization Credit and Jobs Program. The program will now offer the tax rebate instead.