Calculating the R&D Tax Break
May 30, 2007
According to The Wall Street Journal (sub required), Sen. Max Baucus (D - MT), Chairman of the Senate Finance Committee, has introduced legislation that would modify the formula for calculating the R&D tax credit. While the overall goal of the bill is to expand the R&D credit available to companies, an effort many large tech companies and assocations have been lobbying for, Sen. Baucus' bill has divided supporters of the R&D tax credit who disagree over which method of calculation to use.
The Journal has the full story here.
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