
The R&D Tax Break and Bipartisan Support For Its Restoration
Research and Development (R&D) tax credits are incentives designed to attract organizations with high research and development expenditures to the U.S. Research and development expenditures include performing activities related to the development, design, or improvement of products, processes, formulas, or software. Section 174 of the R&D and its regulations have allowed firms to expense research spending in year one, rather