Manufacturing (R&D) Tax Credit Studies--How to Choose the Right Consulting Firm (Tech Service)
Rubber World 2008, Sept, 238, 6
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Publisher Description
The Research and Development (R&D) tax credit was created by congress as part of the Economic Recovery Tax Act of 1981 to encourage American industry to invest in research and development activities. The purpose of the credit was to stimulate R&D activities among businesses through tax incentives. However, due to the stringent requirements that existed under the provisions of the credit, a vast majority of the small to midsize companies was unable to reap the substantial benefits of the R&D credit. The following industries have benefited from taking the R&D tax credit:
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