Business Lifesavers
Some elected officials have proposed legislation to benefit businesses
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Legislation, currently on the table, would extend the credit, which originated in 1985, through 2010. It is set to expire Dec. 31, 2009. This credit is only available for research and development conducted in the United States, and applies only to the portion of a business taxpayer's eligible expenses, known as qualified research expenditures. Qualified expenses have included wages for in-house research and development activities; supplies linked to qualified research activities; and basic research payments made to nonprofits or similar institutions.
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- Companies:
- Printing Industries of America, Inc.
- People:
- Julie Riccio
- Obama
E
Melissa Busch
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