Overview
Allows companies holding qualifying Research and Development Tax Credits to apply for approval to sell those tax credits and assign them to the buyer(s).
Uses
Applied research and development expenditures
Funding
- Ten percent tax credit of company’s increased research and development expenses over a base period (prorated to not exceed $15 million annual cap for all businesses)
- Up to 20 percent of total pool set aside for small businesses
Eligibility
Businesses qualifying for the federal Research and Development tax credit and making research and development investments in Pennsylvania
Terms
- Applicable to CNI,
