Posted by Jeffrey Feingold on 12.11.15
As you may have heard, the recently proposed bill from the House Ways and Means Chairman Kevin Brady on December 7, 2015, would extend and modify the R&D tax credit. These are all positive improvements for the R&D tax credit, particularly extending this credit to small businesses by including an AMT offset. These changes also increase the ASC rate.
Section 111 of this bill proposes the following changes and extension to the current Federal R&D Tax Credit:
To read the entire bill, click here. The purpose of these tax credits are to help keep our economy competitive. If you have not reviewed the activities that could benefit from the R&D Tax Credit, click here to learn more about the credit qualifications.
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