Funding Lobby

The 179D tax credit can be used to defray the cost of energy-saving upgrades like insulation, HVAC systems, and lighting for both new and existing buildings. The US Department of Energy has established requirements for qualifying expenditures, and the credit is capped at $1.80 per square foot of the property. Building owners can deduct up […]

The Inflation Reduction Act (IRA), which included nearly $370 billion in green energy provisions, included a 10-year extension of the Section 45L Energy Efficiency Home Credit. The extension gives a long runway to an incentive that was previously renewed on a temporary basis. Because of the uncertainty, developers were sometimes hesitant to use the incentive […]

We are surrounded by biotechnology, which is producing ground-breaking goods to treat illness, feed the hungry, and maintain a clean environment. In its most basic form, biotechnology uses cellular and biomolecular processes to solve some of the most complex issues we face. Research experts look for novel methods to use biotechnology to enhance our quality […]

Since the R&D tax credit’s inception in 1981, manufacturing has been its primary area of focus. R&D operations are being carried out by manufacturers who produce heavy machinery, steel components, tools and dies, consumer goods, food, medical products, electronics, pharmaceuticals, automotive goods, furniture, and consumer goods. To continuously improve and maintain competitiveness in their respective […]

In our last post we explained R&D tax Credit. Today let look at what are the benefits of R&D tax Credit and what qualifies as R&D. The R&D tax credit has grown to be the biggest ongoing incentive available to American firms since it was first introduced in 1981. As a result of recent legal […]

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