by admin | Apr 3, 2013 | Blog
On March 18th, 2013, the Supreme Court declined to review a Second Circuit decision, affirming the Tax Court decision, finding that the taxpayer was entitled to a R&D tax credit for only additional supplies that were used to perform research. The Union Carbide...
by admin | Feb 26, 2013 | Blog
On March 28, 2011 Virginia Governor Robert McDonnell signed into law a new Research & Development (R&D) tax credit for companies conducting research in Virginia. The R&D credit is effective for tax years on or after January 1, 2011 and before January 1,...
by admin | Feb 18, 2013 | Blog
Florida enacted a Research and Development (R&D) tax credit for tax years beginning on or after January 1, 2012 for qualified business enterprises with qualified research expenses in the state of Florida. The Florida R&D credit is generally 10% of the...
by admin | Nov 18, 2012 | Blog
Although there has not been much news of action on the numerous expired tax provisions, including the R&D tax credit, Sen. Chuck Grassley (R-Iowa) stated this week that the Senate would wait to move on a $205 billion tax extenders package while President Obama and...
by admin | Sep 26, 2012 | Blog
In a ruling dated September 24, 2012, the Tax Court held in the HP (Hewlett Packard) R&D tax credit case that gross receipts for purposes of determining the average annual prior 4 year receipts is not limited to line 1 minus returns and allowances (line 1c)....
