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The RF Government has made to the State Duma amendments to the Law "On Science and State Science and Technology Policy" and to the Tax Code, aimed, inter alia, to provide tax incentives for the fund for scientific, technological and innovation. Information about the document was posted on Wednesday on the official site of the Duma.
The bill regulates a form of state funding of scientific, technical and innovation activities through the appropriate state funds and is aimed at streamlining its system of providing tax incentives to establish features of their legal status and organizational structure, as well as determining the requirements for the selection of fund-financed projects.
The changes proposed to the Law on Science, establishes that the objectives of the fund are to support not only the scientific and (or) scientific and technical, but also innovation. The bill defines this type of activity.
The bill includes a provision that public funds are state budgetary institutions. Also provides that legal and (or) physical persons can set up a fund of support of scientific, technical and innovation activities, the legal position is determined by federal law "On the non-profit organizations".
The document establishes the structural features of public funds management organs and introduces a mandatory examination of applications for funding of scientific, technological and innovation projects.
The bill also establishes general provisions on the procedure and conditions of public funds of the competition for funding of scientific, technical and innovative projects, including the general requirements for the examination of applications submitted for the contest.
Amendments to the Tax Code establish a system of tax incentive of funds organized in accordance with the law of science.
In particular, it stipulates that income is not taken into account in determining the tax base, comprised of funds derived from funds established in accordance with the law of science, as well as funds received in the formation of these funds (Article 251 of the Tax Code). Also amends articles 262 and 270 of the Tax Code in the recognition of expenses allocated to the formation of these funds.
The bill regulates a form of state funding of scientific, technical and innovation activities through the appropriate state funds and is aimed at streamlining its system of providing tax incentives to establish features of their legal status and organizational structure, as well as determining the requirements for the selection of fund-financed projects.
The changes proposed to the Law on Science, establishes that the objectives of the fund are to support not only the scientific and (or) scientific and technical, but also innovation. The bill defines this type of activity.
The bill includes a provision that public funds are state budgetary institutions. Also provides that legal and (or) physical persons can set up a fund of support of scientific, technical and innovation activities, the legal position is determined by federal law "On the non-profit organizations".
The document establishes the structural features of public funds management organs and introduces a mandatory examination of applications for funding of scientific, technological and innovation projects.
The bill also establishes general provisions on the procedure and conditions of public funds of the competition for funding of scientific, technical and innovative projects, including the general requirements for the examination of applications submitted for the contest.
Amendments to the Tax Code establish a system of tax incentive of funds organized in accordance with the law of science.
In particular, it stipulates that income is not taken into account in determining the tax base, comprised of funds derived from funds established in accordance with the law of science, as well as funds received in the formation of these funds (Article 251 of the Tax Code). Also amends articles 262 and 270 of the Tax Code in the recognition of expenses allocated to the formation of these funds.
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