Tax-credit bill would aid LI start-ups

Sen. Schumer is a co-sponsor of a new

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Sen. Schumer is a co-sponsor of a new bipartisan tax bill called the Start-up Innovation Credit Act of 2012 which would allow fledgling companies to better access research and development tax credits. (Jan. 16, 2012) (Credit: Getty Images)

Start-ups across the country and here on Long Island could benefit from a new bipartisan tax bill co-sponsored by Sen. Charles Schumer (D-N.Y.). The legislation — called the Start-up Innovation Credit Act of 2012 — would allow fledgling companies to better access research and development tax credits. "As the R&D Tax Credit program exists now, start-up companies are starting behind the...

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