U.S. Treasury Proposal Would Allow Research Tax Credits for Prototypes

Under a new set of proposed rules issued by the U.S. Department of the Treasury, companies will be able to claim the federal research and experimentation (R&E) tax credit on eligible expenditures regardless of any subsequent actions taken by businesses with the purchases. The change would allow businesses to claim the credit on research expenses used to create prototypes, pilot models and process improvements.

Full Story: http://www.ssti.org/Digest/digest.php?page=2013/091113&utm_source=SSTI+Weekly+Digest&utm_campaign=c8bd9784f9-SSTI_Weekly_Digest_September_11_20139_12_2013&utm_medium=email&utm_term=0_ecf5992d4c-c8bd9784f9-212414005#story2