Lamont detailed his intention to increase the state's research and development tax credit from 60% to 90%. US President ...

There are two types of tax incentives: deductions and credits. As tax advisers, we always prefer credits. In most cases, they offset income tax liability dollar for dollar, whereas deductions only ...

The incentives help Michigan catch up to other states in economic development tools, according to state leaders.

Washington last year failed to deliver revived tax breaks for businesses that have bipartisan support, including a key one ...

The Research & Development Tax Credit (R&D) comes into play if a contractor develops a new process to improve efficiencies or experiments with innovative ways to reduce or eliminate uncertainty ...

If you're hearing of huge deductions and credits that you can claim on your taxes this year, consider that some claims are ...

Gretchen Whitmer on Monday. The state had an R&D credit that went away when the corporate income tax replaced a prior business tax in 2012. Supporters of restoring the credit — and launching the ...

Michigan Governor Gretchen Whitmer signed legislation (Michigan House Bill No. 5100) establishing a research and development ...

On Monday, her wish came true. Whitmer signed into law House Bills 5100 and 5101 to create the R&D tax credit. She also added ...

David Pickstone is a partner and Anastasia Nourescu is a senior associate at law firm Stewarts HMRC has recently intensified its scrutiny of research and ...