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).
Applied research and development expenditures
- 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
Businesses qualifying for the federal Research and Development tax credit and making research and development investments in Pennsylvania
- Applicable to CNI,