Federal 'Innovation' Or R&D Tax Credits

Reynolds, John E.
March 2007
Business Journal (Central New York);3/23/2007, Vol. 21 Issue 12, p19
The article reports on the passage of a long-overdue extension of certain tax breaks that expired on December 31, 2005 by the U.S. Congress. Congress has extended the Research and Development credit retroactively back to January 1, 2006 and forward for a two-year period ending December 31, 2007. Candidates for the tax break include any company that has experienced internal innovation of any kind.


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