Transcription of SEC. 41. CREDIT FOR INCREASING RESEARCH …
{{id}} {{{paragraph}}}
Example: marketing
SEC. 41. CREDIT FOR INCREASING RESEARCH …
SEC. 41. CREDIT FOR INCREASING RESEARCH (a) GENERAL purposes of section 38 , the RESEARCH CREDIT determined under this section for the taxableyear shall be an amount equal to the sum of--41(a)(1) 20 percent of the excess (if any) of--41(a)(1)(A) the qualified RESEARCH expenses for the taxable year, over41(a)(1)(B) the base amount, and41(a)(2) 20 percent of the basic RESEARCH payments determined under subsection (e)(1)(A).41(b) QUALIFIED RESEARCH purposes of this section--41(b)(1) QUALIFIED RESEARCH term qualified RESEARCH expenses meansthe sum of the following amounts which are paid or incurred by the taxpayer during thetaxable year in carrying on any trade or business of the taxpayer--41(b)(1)(A) in-house RESEARCH expenses, and41(b)(1)(B) contract RESEARCH (b)(2) IN
41(b)(2)(B)(ii) engaging in the direct supervision or direct support of research activities which constitute qualified research. If substantially all of the services performed by an individual for the taxpayer during the
Loading..
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document: