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Research credit extended in bailout plan.

Publication: Financial Executive
Publication Date: 01-NOV-08
Format: Online
Delivery: Immediate Online Access
Full Article Title: Research credit extended in bailout plan.(TAX CREDIT)

Article Excerpt
One upside of passage of The Emergency Economic Stabilization Act of 2008, was the addition of the Tax Extenders and Alternative Minimum Tax Relief Act of 2008, or H.R. 1424. This section represents the long-awaited extension of the Section 41 research credit. On Oct. 3, Congress passed and President Bush signed the bill into law. The research credit had expired for amounts paid or incurred after December 2007.

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However, H.R. 1424 retroactively extends the research credit to amounts paid or incurred after Dec. 31, 2007, and before Jan....

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