Tax Deductable Technological Research Law

[ Union Laws, Union ]

This law, defining subsidies for cooperative technology development, was voted into force in Turn 34.

1. The Union wishes to promote cooperation between its members in the development of technology.
2. Member worlds may reduce their taxes due by 15% of their spending on technological development, provided they meet the following conditions:
   1. At least two member worlds must cooperate in the development of the technology, with each contributor paying adding at least half the amount of the biggest contributor to qualify.
   2. The technology being developed must be sharable. Any technology that cannot be exchanged does not qualify.
   3. The member worlds must make and keep the developed technology available for purchase to other Union members within two turns of completing the technology (OOC: Post on the trade forum)
3. The selling price of the technology may not be more than half the total cost of developing the technology.
4. To help pay for this, the fee for housing a Union Defense Fleet is reduced from 40 to 25 with the liberated funds transfered from the Defence Budget to the Research Budget.

Note: Traditionally, technologies acquired with the aid of this law are registered at the Union Technology Registry