The Credit For Increasing Research Activities (R&D TaxCredit) is a general business taxcredit under Internal Revenue Code Section 41 for companies that incur research and development (R&D) costs in the United States. The R&D TaxCredit was originally introduced in the Economic Recovery Tax Act of 1981 sponsored by U.
Refundable tax credit; Tax credits; Investment tax credit; Federal tax credit; Investment Tax Credit; Tax Credits; Tax Credit; Working Families Tax Credits; Investment credit; Tax credit bond; Investment Credit; Work Opportunity Tax Credit; Production tax credit; Nonrefundable tax credit
A taxcredit is a tax incentive which allows certain taxpayers to subtract the amount of the credit they have accrued from the total they owe the state. It may also be a credit granted in recognition of taxes already paid or a form of state "discount" applied in certain cases.