Permanent R&D Tax Incentive Moves to the House for a Vote
The on-again, off-again nature of the R&D tax credit would finally come to an end if H.R. 880 was made a permanent part of the tax code, retroactive to December 31, 2014, when the credit expired. The bill would increase the easier-to-use alternative simplified credit from 14 percent to 20 percent. In order to make it easier for small businesses to take advantage of the credit, H.R. 880 would also allow eligible companies to use R&D tax credits to offset both their regular tax and any AMT liability. To read more about the bill, visit here.