Report: ‘Senate committee advances tax rebate bill’

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.