The credit issued by the state for businesses with more than 250 employees would count against an individual or corporate income tax in an amount equal to 10% of the increased research and ...

LANSING — Businesses that increase their research-and-development spending in Michigan could claim a state tax credit for up to $2 million a year under bills set to be considered in the ...

On January 13, 2025, Michigan Governor Gretchen Whitmer signed legislation (Michigan House Bill No. 5100) establishing a research and development tax ...

Michigan will bring back a research-and-development tax credit for businesses and launch a new fund to foster startup companies under bills signed into law by Gov. Gretchen Whitmer on Monday.

Not just for Silicon Valley, the research and development tax credit is available on a federal and state level. However, almost 80% of businesses eligible for a research and development tax credit ...

Lindsey McPherson talked from Capitol Hill's House gallery about the research and development tax credit extension bill being debated in the House. Many members would like to make it permanent ...

To maximize your R&D Tax Credit benefits under the expanded guidelines, consider implementing these strategic approaches that align with the 2025 requirements. 1. Documentation Best Practices ...

IRS extends R&D tax credit transition period By Michael Cohn November 25, 2024, 3:37 p.m. EST 1 Min Read Samuel Corum/Bloomberg ...

A strong R&D tax credit program could boost Texas’ economy significantly — increasing the state's economic output by $1.3 billion in five years.

Opinion: Now is the time for American farmers to harness the power of AI 08/10/23 11:36 AM By Mike Johanns ...

Legislation that just passed the House would extend the credit for another year, but many companies want the credit to be made permanent. They say research and development drives innovation, which ...