As the economic impact of COVID-19 lingers and an impending second wave is on everyone’s mind, Congress is already thinking of new legislation to stimulate the economy. One of the ideas on the top of the list is an expansion of the Research and Development (R&D) tax credit as part of the next COVID-19 relief bill.

Proposals for the R&D Tax Credit

There are numerous proposals for changing the R&D tax credits. It is seen as an investment in the U.S. economy, with some believing the credit is an effective tool to combat offshoring. Some of the main proposals for changes to the R&D tax credit include:

  • Doubling the current credit
  • Giving businesses the ability to immediately use the credit instead of having carryforward credits
  • Expanding the credit for domestic manufacturing
  • Increasing the refundable amount for startups

Will My Business Qualify?

The best candidates for R&D tax credit are companies that operate in the following spaces: manufacturing, architecture, engineering, construction, software, life sciences and medical devices. The key determinate is whether your company makes or improves something; this will give you the best chance to qualify.

Contractors

There is a misconception that if your business is hired or contracted to perform work for other organizations that you cannot qualify for the R&D tax credit. This is not necessarily true; contractors (especially government contractors) can qualify if they have both economic risk and retain substantial rights as contractors.

Startups

The R&D tax credit is refundable in part (against employer payroll tax) for startups. The idea is to expand the refundability so that the credit can be offset against more than just payroll taxes and even perhaps to make it refundable (to some degree) in general. The idea here is that startups won’t be forced to carryforward credits for years and can then reinvest the cashflow to accelerate growth and jobs creation.

Internal Use Software

Internal use software is software that companies develop themselves. It can be stand-alone software or modifications to existing systems through substantial improvements, the development of add-ons or modules – the idea is to expand the space of what qualifies for the credit for internal use software. This would allow companies that traditionally wouldn’t have qualified (such as finance institutions, banks and retail stores) to now potentially be eligible.

Conclusion

This next relief package is likely to be considered prior to the summer congressional recess. Many analysts believe the bill will focus on provisions that help businesses hire back laid-off workers, retain current employees and grow over the long-term. It’s likely the R&D tax credit will play a key role in the latter objective.


87 Comments

Lkwlwo · March 14, 2024 at 2:34 pm

buy ciprofloxacin pills – purchase cipro for sale buy augmentin 375mg online cheap

Plfpho · March 15, 2024 at 9:30 am

ciprofloxacin online – buy bactrim 480mg generic buy amoxiclav generic

Lhvlfz · March 17, 2024 at 9:24 pm

order ciplox 500mg for sale – chloromycetin uk buy erythromycin tablets

Mnulfo · March 18, 2024 at 6:08 am

buy generic flagyl 400mg – cefaclor without prescription azithromycin 250mg cost

Pezibd · March 20, 2024 at 12:49 am

stromectol order online – cefuroxime brand sumycin 250mg brand

Pbnhpg · March 20, 2024 at 11:14 am

valtrex drug – zovirax for sale how to buy acyclovir

Ekqgnq · March 21, 2024 at 9:05 pm

buy ampicillin online cheap order amoxicillin sale purchase amoxil

Vplcjy · March 22, 2024 at 5:25 am

metronidazole 200mg us – buy amoxil generic zithromax 250mg oral

Xskpig · March 24, 2024 at 3:05 am

lasix 100mg over the counter – buy minipress 1mg generic captopril 25 mg oral

Vphyyh · March 25, 2024 at 9:09 pm

glycomet pills – order combivir online cheap order lincocin 500mg generic

Nsnuus · March 27, 2024 at 5:46 pm

buy retrovir 300mg without prescription – allopurinol 100mg uk

Akxqxr · March 28, 2024 at 5:53 am

buy clozapine 50mg online cheap – order frumil 5mg famotidine price

Ernvcq · March 30, 2024 at 1:49 pm

purchase quetiapine generic – purchase effexor generic buy eskalith without a prescription

Kkszeb · March 30, 2024 at 11:49 pm

order anafranil 50mg for sale – mirtazapine for sale doxepin 25mg usa

Jiijcb · April 1, 2024 at 9:24 am

hydroxyzine price – order sarafem 20mg pills endep 10mg cost

Bjczil · April 4, 2024 at 2:02 am

amoxiclav without prescription – buy cipro generic buy ciprofloxacin generic

Fvdryy · April 5, 2024 at 12:16 am

cheap amoxicillin tablets – order amoxicillin pill generic ciprofloxacin

Vwleev · April 10, 2024 at 12:29 am

zithromax 500mg oral – order tetracycline pill ciprofloxacin 500mg tablet

Cqvafv · April 10, 2024 at 12:40 pm

order cleocin pill – vantin us generic chloramphenicol

Ucshel · April 12, 2024 at 5:42 pm

ivermectin 3 mg over counter – cheap levofloxacin 500mg order cefaclor 500mg pills

Ygltmt · April 14, 2024 at 3:35 am

albuterol order – advair diskus oral order theophylline 400mg

Uchrio · April 15, 2024 at 5:59 pm

buy oral depo-medrol – buy astelin 10 ml nasal spray astelin 10 ml over the counter

Sqoqxs · April 16, 2024 at 1:53 pm

desloratadine 5mg tablet – albuterol usa buy albuterol inhaler

Ibqqrr · April 18, 2024 at 10:40 am

pill glyburide – purchase actos sale buy forxiga 10mg generic

Gsbivy · April 19, 2024 at 8:51 pm

brand glycomet 500mg – glucophage 500mg drug precose price

Saieoy · April 20, 2024 at 2:56 pm

buy generic repaglinide 1mg – order jardiance 25mg pills empagliflozin for sale online

Icxsku · April 22, 2024 at 9:57 pm

buy generic rybelsus 14 mg – purchase DDAVP without prescription buy DDAVP without a prescription

Cworko · April 23, 2024 at 5:52 am

buy terbinafine without prescription – buy generic grifulvin v over the counter grifulvin v for sale online

Kewzbb · April 25, 2024 at 9:18 am

buy ketoconazole 200 mg pills – order lotrisone order itraconazole 100 mg pill

Lljrle · April 25, 2024 at 10:45 pm

famciclovir 500mg without prescription – acyclovir oral order valaciclovir 1000mg generic

Dwkgdr · April 27, 2024 at 11:54 am

buy digoxin tablets – buy lasix 40mg pill buy generic lasix over the counter

Ocswkm · April 29, 2024 at 2:24 am

buy metoprolol without prescription – order benicar 20mg pill adalat oral

Oofafk · April 29, 2024 at 1:27 pm

order hydrochlorothiazide 25mg generic – order microzide 25 mg online zebeta 10mg cost

Iogydf · May 3, 2024 at 11:23 pm

zocor performance – simvastatin pant lipitor idle

Kluzhp · May 4, 2024 at 4:42 am

rosuvastatin pills because – crestor pills charles caduet greet

Wqmzap · May 6, 2024 at 10:10 am

viagra professional whoever – avana ghost levitra oral jelly life

Skmosn · May 7, 2024 at 1:34 am

dapoxetine source – viagra plus nice cialis with dapoxetine stroke

Xdqozh · May 9, 2024 at 2:03 am

cenforce common – kamagra online iron brand viagra pills rent

Tlbyrs · May 9, 2024 at 5:21 pm

brand cialis bar – forzest shimmer penisole rough

Wugruf · May 12, 2024 at 4:37 am

brand cialis every – apcalis use penisole wisdom

Jgsodu · May 12, 2024 at 11:54 am

cialis soft tabs online keen – viagra oral jelly trunk viagra oral jelly steady

Odliwj · May 15, 2024 at 6:49 am

cialis soft tabs online affection – levitra soft volume viagra oral jelly count

Jaosny · May 19, 2024 at 1:12 am

priligy shift – suhagra dear cialis with dapoxetine hear

Iqyfhn · May 19, 2024 at 6:13 am

cenforce cost – tadacip pills male brand viagra pills apart

Jvqvrd · May 20, 2024 at 2:08 pm

inhalers for asthma pretend – inhalers for asthma oak inhalers for asthma talk

Aymdqr · May 20, 2024 at 6:45 pm

acne treatment reduce – acne medication cunning acne medication thrust

Niznip · May 22, 2024 at 10:58 am

pills for treat prostatitis pure – prostatitis treatment display prostatitis medications stab

Uqvxds · May 22, 2024 at 2:10 pm

treatment for uti echo – uti antibiotics honour uti antibiotics true

Ubhcgi · May 24, 2024 at 9:19 am

claritin pills contain – claritin sack claritin pills idle

Lvmtdk · May 24, 2024 at 1:10 pm

valacyclovir pills central – valacyclovir agree valtrex pills pound

Aphknz · May 27, 2024 at 6:39 pm

priligy soften – priligy cloth priligy pure

Wdiczu · May 28, 2024 at 5:43 pm

claritin pills massive – loratadine medication answer loratadine medication morning

Sxlhno · May 30, 2024 at 11:00 pm

ascorbic acid gentlemen – ascorbic acid unseen ascorbic acid genuine

Ssvcdb · May 31, 2024 at 5:15 pm

promethazine gesture – promethazine staircase promethazine freedom

Thgdgr · June 1, 2024 at 11:18 pm

clarithromycin glove – biaxin spite cytotec pills drop

Svwdtp · June 3, 2024 at 12:33 pm

fludrocortisone shallow – nexium plant prevacid pills pity

Kzobae · June 6, 2024 at 8:00 pm

buy rabeprazole 20mg without prescription – aciphex 20mg over the counter purchase domperidone generic

Msqyqm · June 7, 2024 at 1:19 pm

dulcolax 5 mg ca – order imodium generic liv52 generic

Umsvzv · June 10, 2024 at 3:21 am

buy cotrimoxazole 480mg sale – buy cotrimoxazole online cheap tobramycin 10mg drug

Elrhex · June 11, 2024 at 6:52 pm

buy griseofulvin – griseofulvin 250mg cost buy lopid 300 mg for sale

Efyvox · June 12, 2024 at 5:58 am

buy dapagliflozin pills – order acarbose 50mg pills acarbose brand

Mvtnzg · June 13, 2024 at 6:22 pm

buy dimenhydrinate sale – order dramamine 50 mg risedronate ca

Xyfwve · June 14, 2024 at 4:03 pm

enalapril 10mg uk – doxazosin over the counter order zovirax online cheap

Bjlovp · June 15, 2024 at 5:11 pm

brand monograph – buy etodolac pills for sale pletal oral

Mpigvk · June 17, 2024 at 3:14 am

feldene 20 mg ca – buy generic exelon buy cheap rivastigmine

kerenabis · June 25, 2024 at 9:27 pm

Good job for bringing something important to the internet!

Fmciar · June 28, 2024 at 2:46 am

hydroxyurea oral – purchase antabuse generic methocarbamol 500mg canada

Tzretf · June 29, 2024 at 11:56 pm

depakote 500mg oral – buy generic topiramate online buy topiramate without prescription

Lzwbyt · July 1, 2024 at 12:48 pm

norpace cheap – buy pregabalin 75mg pills chlorpromazine 50 mg pill

Ioynez · July 3, 2024 at 5:13 am

spironolactone 25mg us – buy dipyridamole tablets buy revia 50 mg pills

Rauoka · July 3, 2024 at 10:09 am

cheap cyclophosphamide online – buy dimenhydrinate 50 mg online buy trimetazidine

Fftqvs · July 6, 2024 at 3:57 pm

purchase flexeril pill – buy primaquine for sale buy vasotec

Whzbxq · July 8, 2024 at 1:00 pm

buy zofran medication – buy kemadrin medication buy requip 2mg for sale

Hzkmfm · July 9, 2024 at 5:56 am

ascorbic acid 500 mg pill – ciprodex ophthalmic solution oral cheap compro online

MLB 야구 중계 · July 11, 2024 at 9:35 am

Its just like you read my thoughts! It’s like reading about my family.

카지노사이트 보증업체 · July 11, 2024 at 11:01 am

Unquestionably believe that which you said. Your favorite reason seemed to be on the net the easiest thing to be aware of. I say to you, I certainly get annoyed while people consider worries that they plainly don’t know about. You managed to hit the nail on the head. Will probably be back to get more. Thanks

메이저리그중계 · July 11, 2024 at 11:55 am

Good day! This is my first comment here so I just wanted to give a quick shout out and say I really enjoy reading through your articles. Can you recommend any other blogs/websites/forums that cover the same subjects? Thanks a lot!

Wedlab · July 11, 2024 at 2:56 pm

purchase durex gel cheap – where can i order durex condoms latanoprost cost

lôn cái lền · July 13, 2024 at 12:26 pm

Thanks a bunch for sharing this with all people you really recognize what you are talking about! Bookmarked. Kindly also seek advice from my web site =). We can have a link alternate contract between us!

Jiyczq · July 14, 2024 at 5:40 am

minoxidil online buy – buy generic proscar over the counter purchase finasteride generic

Cultural experience travel · July 15, 2024 at 9:13 am

I favored your idea there, I tell you blogs are so helpful sometimes like looking into people’s private life’s and work.At times this world has too much information to grasp. Every new comment wonderful in its own right.

Vihgkb · July 15, 2024 at 1:08 pm

where to buy leflunomide without a prescription – order arava 20mg without prescription purchase cartidin generic

Izmgkg · July 16, 2024 at 9:17 pm

calan price – buy verapamil for sale tenoretic for sale online

Vhkpvq · July 17, 2024 at 12:39 pm

generic tenormin 100mg – carvedilol online buy carvedilol 6.25mg online cheap

Evzmoz · July 19, 2024 at 8:03 pm

cheap atorlip tablets – purchase lisinopril generic purchase nebivolol sale

Tacutq · July 20, 2024 at 3:15 pm

purchase gasex generic – cheap generic gasex cheap diabecon without prescription

link judi Jayabola terpercaya · July 20, 2024 at 5:09 pm

Great write-up, I am a big believer in placing comments on sites to inform the blog writers know that they’ve added something advantageous to the world wide web!

Leave a Reply

Avatar placeholder

Your email address will not be published. Required fields are marked *