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INCENTIVE DESCRIPTION
| State: | TX |
| Incentive Type: | Income/Franchise Tax Incentives and Credits |
| Incentive Title: | R&D Credits |
| Description: | RESEARCH AND DEVELOPMENT CREDIT: This credit, of 5% of qualified R&D expenses, is available to firms that perform qualified research activities in Texas. The amount of the credit may be up to 50% of its franchise tax liability. The franchise tax report must be originally due between 2002 and before January 1, 2008. Unused credits may be carried over for a maximum of 20 years or until December 31, 2027, whichever occurs first. Bonus credit for qualifed R&D expenditures made in a strategic investment area (SIA). As of January 1, 2008 these credits will expire under Texas House Bill 3. |
| Eligibility Requirements: | Limited to qualifed R&D expenses by reference to Section 41 of the IRC. |
| Geographic Restrictions: | Statewide, bonus credit only with targeted SIAs |
| Granting Authority: | State of Texas |
| The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com |
Impotant Legal Information Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives. |
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