A Little R&D
Extending the R&D tax credit...again.
Everyone likes predictability, especially when tax breaks are involved. But there's been precious little certainty when it comes to the very popular research and development (R&D) tax credit. That's because so far, lawmakers have only opted to renew the credit one year at a time. And in one case, lawmakers even let the credit lapse--from mid-1995 to mid-1996--before finally reinstating it in a modified form.
Once again, the credit is up for renewal. The law expired in June, and companies who have used the credit in the past are waiting for Congress to renew it.
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