Our last article focused on new EPA regulations that are prompting significant research and development activities for most utilities. We’ve also written in the past regarding the expected impact of the Japanese accident at Fukushima on the Nuclear Industry and new R&D that will be performed. Here’s an update on expected areas that will require […]
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 […]
U.S. Senator Kirsten Gillibrand announced a new proposal to spur innovation and job creation through the simplification, expansion, and make permanent the Research and Development (R&D) Tax Credit. Per Sen. Gillibrand’s Press Release on January 28th, expanding the R&D Tax Credit would create more than 162,000 jobs nationwide, according to the Information Technology and Innovation […]
As you are likely aware, the Research and Development (R&D) Tax Credit has yet to be renewed for the 2010 tax year. Historically, the tax credit has expired and been retroactively renewed five times in its brief history. While there are no certainties, it is highly likely that the R&D Tax Credit will be renewed […]
As first reported in the New York Times, President Obama is expected to ask Congress to increase from 14 to 17 percent the Alternative Simplified Credit percentage. Additionally a White House official said Sunday, that President Obama is expected to ask Congress to permanently extend research and development tax credits for businesses in an effort […]
On January 29th, the U.S. District Court for the Northern District of Texas (Dallas Division) issued its ruling in the Trinity Industries, Inc. v. U.S. The Court’s ruling is another in a long line of recent major court cases regarding R&D Tax Credits cases. Trinity is a large corporation engaged in a variety of businesses. […]
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 […]
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 […]
It is clear that the United States’ future depends on energy self-reliance. This year’s political season has undoubtedly helped to reinforce that need. While there is much debate about the method with which energy will be produced, generated and obtained, there is no debate of the need to do so. The climate for energy solutions […]
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 […]
