The Environmental Protection Agency (EPA) has a number of proposed regulations; however, two in particular will present significant R&D opportunities for a number of utilities. With the addition of these two proposed rules, a number of electric generation facilities will be required to perform research to determine the best available technology (BAT) and/or combination of […]
“Simply put, sound research is key to determining whether extended operation beyond 60 years can be safe and, if it can, what measures need to be taken to ensure safe operation. The industry must take the lead on these research activities.” U.S. Nuclear Regulatory Commission Chairman, The Honorable Gregory B. Jaczko[1] Although 61 nuclear plants […]
As you are likely aware, President Obama’s 2011 Budget Proposal recommends making permanent the Research and Experimentation (R&E) Tax Credit, which at this time remains expired as of the end of 2009. The President has shown consistency in his support of science and the advancement of technology. As quoted in the Tech Daily Dose, National […]
Greg Lormand discusses the R&D tax credit extension and teh GAO’s findings report on tax credit improvement. He explains the pros and cons of proposed provisions as well as what it means for industry and businesses who currently take advantage of these credits.
photo credit: James Jordan If Congress doesn’t do it, the Environmental Protection Agency (EPA) will, that is, they will severely restrict Greenhouse-Gas emissions for large industrials. Consider the impact of the following scenarios on your company’s potential investment in plant retrofit requirements: EPA’s proposed requirements for new, large industrial facilities and existing ones (power plants, […]
The American Recovery and Reinvestment Act (ARRA) provides $3.4 billion to the Department of Energy (DOE) for the purpose of funding initiatives focused on research, development and deployment of technologies to use coal more cleanly and efficiently. The DOE is anticipating issuing Funding Opportunity Announcements (FOA’s) in March 2009 for the following initiatives: $800 million […]
BCP recently completed a presentation on the Research and Experimentation (R&E) Tax Credit and Deduction at the EEI Tax Committee meeting in New Orleans, Louisiana. The last discussion point was an example of how to get started with assessing the level of R&E potential investment your organization is making. In this issue of the R&E […]
The IRS has recently issued a new audit technique guideline for activities under Section 41 (LMSB-04-0508-030). This guideline outlines a number of areas with which the IRS exam team has been given a directive on auditing Section 41 R&E claims. In this edition of the BCP newsletter we’ll summarize a few of the key areas […]
R&E Engineering Background & Substantiation How many of you have had challenges addressing the IRS’ need for technical, engineering discussions regarding research activities? If you answered “Me!” you’re not alone. Recent times have demonstrated that some IRS exam teams are basing their positions on what appear to be unreasonable and often times incorrect engineering assertions. […]
Section 41 and 174 Research and Development Ease the Burden of Documentation by Implementing and Standardizing a Front-end Data Collection Process In our October newsletter, we discussed the potential benefits of using the Simplified Alternative Credit calculation. Whether your organization moves in that direction or remains on the base year calculation method, improving the process […]
