President Calls for Permanent R&D Tax Credit and 17% ASC Rate

Posted by Jeffrey M. Feingold on 04.18.13

President Calls for Permanent R&D Tax Credit and 17% ASC Rate. Previous budgets from the President called for elimination of the Regular Incremental Credit in favor or a permanent Alternative Simplified Credit. The 2014 budget, by contrast, calls for retaining both the regular and simplified credit options, increasing the value of the simplified credit, and making both credit approaches permanent. This would be a huge benefit for U.S. businesses, which - should the budget be adopted by Congress - would be able to much more accurately plan for the favorable impact of R&D credits in their annual tax and financial plans. For more info, call Jeffrey Feingold, Managing Partner at Tax Point Advisors, Inc., (800) 260-4138, email info@taxpointadvisors.com.


Fill out my online form.



Latest from the blog

R&D Tax Credits for the Food Science Industry

Read More

Clarification of Treasury Notice 2017-23 and the Payroll Tax Credit

Read More

The Biotechnology Industry is “Growing” and Can Qualify for Significant R&D Tax Credits

Read More

Contact Us Today for a No Risk Assessment

Get Started