Research & Experimentation Tax Credit

The Research & Experimentation Tax Credit (R&D Tax Credit) is a general business tax credit under Internal Revenue Code section 41 for companies that incur research and development (R&D) costs in the United States. The R&D Tax Credit was originally introduced in the Economic Recovery Tax Act of 1981 sponsored by U.S. Representative Jack Kemp and U.S. Senator William Roth.[1] Since the credit’s original expiration date of December 31, 1985, the credit has expired eight times and has been extended fifteen times. The last extension expired on December 31, 2014.[2] In 2015, Congress made permanent the research and development tax credit in a measure of the government spending bill Read More…

Leave a Reply

Your email address will not be published. Required fields are marked *