Tax Policy And Administration: Review Of Studies Of The Effectiveness Of The Research Tax Credit

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DIANE Publishing, Aug 30, 2004 - Business & Economics - 26 pages
In 1981, Congress created the research tax credit to encourage business to do more research. Since its enactment on a temporary basis in 1981, the credit has been extended six times and modified four times. This report evaluates several recent studies of the effectiveness of the research tax credit to determine whether the studies provide adequate evidence to conclude that each dollar taken of the tax credit stimulates at least $1.00 of research spending in the short run, and about $2.00 of research spending in the long run.

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Page 23 - exceed net income tax minus the greater of (1) the tentative minimum tax or (2) 25 percent of the net regular tax liability above $25,000.
Page 23 - credit, for the purpose of computing an overall dollar limitation on the reduction of a company's tax liability. The general business credit cannot exceed net income tax minus the greater of (1) the tentative
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Page 14 - (202) 512-9044. Sincerely yours, Natwar M. Gandhi Associate Director, Tax Policy and Administration Issues . Contents Letter Appendix I
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Page 5 - disclosure to certain federal officers and employees for purposes of tax administration.
Page 10 - The Effectiveness of Research and Experimentation Tax Credits, Office of Technology Assessment,
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