Congress is expecting a vote on HR 5771, on Thursday which would extend the R&D tax credit and energy efficient tax credit under Section 45L for one year – meaning both tax credits would be retroactively enacted for 2014 (but would not cover 2015 under this bill). If enacted, there would still likely be discussions next year about making the R&D tax credit permanent, and possibly the energy tax credit.
Recent Posts
- New Bill would allow Deduction of 174 R&D Expenditures
- Section 174 Guidance for Upcoming Tax Returns
- IRS Proposes Changes to R&D Tax Credit Form 6765
- Bill Introduced in Senate Will Extend 45L Energy Efficient Home Tax Credit for 10 Years
- Congress Defers on 45L Energy Tax Credit in BBB Act until 2022