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Nebraska R&D Credit Overview – Warner Robinson

Nebraska R&D Credit Overview – Warner Robinson

Nebraska Advantage Research and Development Credit The Nebraska Research and Development Credit provides a refundable tax credit for qualified R&D.  One of the few states that still offers a refundable R&D credit. The state tax credit is worth 15% of the...

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Wisconsin R&D Tax Credit Overview

Wisconsin R&D Tax Credit Overview

In 2015, the Wisconsin R&D tax credit percentages were increased, and taxpayers are eligible for a credit of 5.75% of the amount of qualified research expenses (QREs) for the year that exceed 50% of the average QREs for the prior three years.  If the taxpayer has...

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Minnesota R&D Tax Credit – Update

Minnesota R&D Tax Credit – Update

Minnesota - R&D tax credit 2015 - Minnesota R&D tax credit form has been updated for tax year 2015. Form RD is attached to corporate and partnership returns to claim the R&D tax credit in Minnesota. On page 2 of the form, the state now requests information...

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Colorado R&D Tax Credit Overview

Colorado R&D Tax Credit Overview

Colorado R&D Increase Tax Credit - Overview of the R&D Rules R&D Tax Credit in Colorado - Colorado offers a 3% credit based on the increase of research and experimental  expenditures in an enterprise zone.  The increase is determined based on the average...

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Texas R&D Tax Credit – Reinstated

Texas R&D Tax Credit – Reinstated

Texas’ HB 800 R&D Tax Incentives Bill reinstated the state’s popular research and development tax credit (R&D Tax Credit), which had previously been eliminated in 2006. The new R&D incentive, effective for tax reports due on or after January 1st, 2014,...

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Section 199 Domestic Production Deduction – New IRS Proposed Regulations – Contract Manufacturing

Section 199 Domestic Production Deduction – New IRS Proposed Regulations – Contract Manufacturing

One area of dispute for many years under the Section 199 Domestic Production Activities Deduction was in situations where the taxpayer designs a product but a third party contract manufacturer actually produces the product under contract with the taxpayer. Prior to these new proposed regulations issued in August 2015, the benefits and burdens of ownership tests/criteria would be applied to determine which party can claim the Section 199 deduction.

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New Long Awaited R&D Credit Regs on Internal Use Software

New Long Awaited R&D Credit Regs on Internal Use Software

These important new proposed regulations issued last week on the R&D tax credit affect what is known as internal use software or IUS which has been debated since Congress distinguished internal use software from other software back in 1986. Over many years, there...

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Senate Passes Energy Tax Credit 45L for 2014

Senate Passes Energy Tax Credit 45L for 2014

The Senate passed the energy tax credit (energy efficient home tax credit) for 2014 yesterday, December 16, 2014, adopting the House bill from a few weeks ago, part of the tax extenders bill extending the 45L energy credit for one year (2014). The 45L energy tax...

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Senate Passed R&D Credit Extension – 2014

Senate Passed R&D Credit Extension – 2014

On December 16, 2014, the Senate approved the House bill extending the R&D tax credit for one year (retroactive for 2014). The President is expected to sign the R&D credit and other extenders into law today. Although the one year extension does not provide...

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Update on R&D Tax Credit 2014 Extenders Bill

Update on R&D Tax Credit 2014 Extenders Bill

On Thursday, 12/11, Senate Leader Harry Reid indicated he wanted a vote on the tax extenders including the R&D tax credit and many other expired provisions during this session of Congress before the break. The order of priority was passing a bill to keep the...

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