R&D tax credit
Executive Summary
Five-year extension of the research & experimentation tax credit is sent to the White House Nov. 19. The legislation, which provides a 20% tax credit on research expenditures, extends a provision that expired on June 30. The extender would allow the credit to date back to July 1, 1999 and would extend through June 30, 2004. The legislation, included as part of the "Ticket to Work and Work Incentives Improvement Act" (HR 1180), would also increase the credit rate under the alternative incremental research credit by one percentage point