Congress is expecting a vote on HR 5771, on Thursday which would extend the R&D tax credit and energy efficient tax credit under Section 45L for one year – meaning both tax credits would be retroactively enacted for 2014 (but would not cover 2015 under this bill). If enacted, there would still likely be discussions next year about making the R&D tax credit permanent, and possibly the energy tax credit.
R&D Tax Credit – Tax Extenders Bill 2014 – Vote on Thursday
