Contract Research Gets Boost From House Bill
The legislation, sponsored by Rep. Patrick Meehan (R-Pa.) would give companies that conduct this kind of research a sizable tax credit.
House Bill Would Give Boost To Contracted Research Industry
The booming contract research industry would get a financial gift under a bill recently introduced in Congress. The measure, dubbed the Domestic Research Enhancement Act of 2017, would give companies a 35 percent tax credit for research expenses when they are conducting contract research. Tax credits for research and development do not currently extend to research done under such contracts. (Joseph, 4/5)