Description of Present Law and Issues Relating to the Research and Experimentation Tax Credit: Scheduled for Hearings Before the Subcommittee on Oversight of the Committee on Ways and Means on August 2 and 3, 1984
U.S. Government Printing Office, 1984 - Research, Industrial - 15 pages
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65 percent actual conduct amount of credit amount of depreciation amounts paid applied research base period average base period expenditures basic research business cycle business test carryback conduct of qualified Congressional Budget Office credit allowable credit applies credit computation credit is available deduct currently Definition of qualified definition of research depreciation cost recovery eligible FFRDCs increased research incremental credit incremental qualified research incurred after June industry spending Internal Revenue Service issues June 30 moving average National Science Foundation nonprofit institutions nonresearch expenditures paid or incurred partner partnership penditures prepayment limitation provisions on industry pursuant qualified research expenditures Qualifying expenditures quality control related persons research activities research and development research ex research expenditure budgets research firm research spending revenue loss Science Foundation section 174 deduction section 174 election special rule specific commercial spect Subcommittee tained tax credit taxable income trade or business Treasury regulations tures types of research