Senate bill to establish permanent R&D tax credit may be folded into OBRA '95.
SENATE PERMANENT R&D TAX CREDIT BILL LIKELY TO BE PART OF OBRA `95 when the FY 1996 budget reconciliation process gets under way in May after the Easter congressional recess, according to Senate Finance/Taxation & IRS Oversight Subcommittee staffers. The current research & experimentation credit is set to expire June 30.
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