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Tag Archive for Section 41

Tax Reform Impacts The Research Tax Credit, Domestic Production Activities Deduction & Orphan Drug Credit

Lower Corporate Tax Rate
The law cuts the corporate tax rate from 35% to 21%. In effect, this cut increases the Research Credit’s net benefit by more than 21%, from its previous amount of 65% to the law’s 79%.

The 21% increase in the credit’s net value is due to IRC Section 280C(c). Read more