Pending law will allow use of R&D tax credits to reduce employer payroll tax liability.

Posted by Jeffrey Feingold on 03.09.13

If this law is passed employers will be able to use R&D credits to reduce payroll taxes: The Startup Innovation Credit Act of 2013 would level the playing field. It says that in order to spur research and development, we should allow companies to claim the R&D tax credit against their employment taxes. That would open this credit to new companies that don't yet have an income tax liability.

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