Modifies the tax credit for research conducted by a semiconductor company.

Summary

<b>Digest: The Act makes technical fixes to some tax statutes. (Flesch Readability Score: 75.5).</b> [<i>Digest: The Act makes a fix to the tax credit for semiconductor research. (Flesch Readability Score: 67.7).</i>] Modifies the tax credit for research conducted by a semiconductor company. Omits an obsolete provision concerning the election of alternative incremental credit under related federal law.<b> Aligns dates in tax credit provisions with underlying sunset dates for credits.</b> Takes effect on the 91st day following adjournment sine die.