How Does the GOP Bill Affect the R&D Tax Credit?
In last-minute changes to the Senate bill, the GOP unintentionally reinstated the corporate Alternative Minimum Tax (AMT) at the same rate as the corporate income tax rate of 20 percent. The AMT [...]
House Passes COMPETES Bill
On the same day H.R. 880, the American Research and Competitiveness Act of 2015 was passed by the House, so was H.R. 1806, the America Competes Reauthorization Act, in a 217-205 vote. The America [...]
Chemical Manufacturing Group Asks Senate for Permanent R&D Credit
A specialty chemicals group publicly applauded the House last week for passing the American Research and Competitiveness Act, and are now calling on the Senate to take the same action. The [...]
Spotlight on the R&D Tax Credit
After taking a long, hard look at America’s Research and Development Tax Credit, Congress realized that it was due for a much-needed makeover, and 2015 is the year to do it. In February of 2015, [...]
Congressman Introduces Legislation to Modernize and Make Permanent the R&D Tax Credit
U.S. Congressman Kevin Brady recently wrote a piece for The Woodlands Villager as a guest columnist titled, “Keeping America Safe, Strong and Innovative.” Brady begins his article [...]
US Senate Receives Bill to Make R&D Permanent
The Compete Act has been introduced to the US Senate by Tom Carper (Delaware) to simplify, grow and extend the R&D tax credit. The COMPETE Act or The Competitiveness and Opportunity by [...]
Could Changes in R&D Tax Credits Reduce Your Tax Bill?
Businesses all over the United States, from Ohio to California, are winning when it comes to recent changes for R&D tax credits. The tax credits are considered to be one of the most generous [...]