House Bills 5100 and 5101 amend the Income Tax Act to credit companies against the corporate income tax for research and development expenses and to provide a credit against withholding taxes for ...

The Research and Development (R&D) Tax Relief scheme is a government tax break designed to encourage innovation by incentivising companies to invest in R&D, enabling them to reduce their tax bill or ...

Gov. Ned Lamont has outlined plans to introduce a nearly $2 million tax cut, focusing on boosting research and development in ...

DETROIT (WILX) - Governor Gretchen Whitmer was in Detroit Monday where she signed legislation to establish a research and development tax credit. The bills form a tax credit as well as an ...

Ned Lamont said Monday he believes the industry is “invaluable to the future of the state,” and he will propose boosting the research and development tax credit to 90%. He also asked for the ...

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

The global tax deal prevents a "race to the bottom" on corporate income tax rates around the world. President Trump pulled ...

Credits for good jobs make sense, but Iowa's 2023 changes made the state's scheme less competitive and less simple, writes ...

About a year ago, Gov. Gretchen Whitmer called on Michigan lawmakers to create a research and development tax credit for businesses and a new fund to support start-up companies in the state.

Iowa Economic Development Authority head Debi Durham believes a better-aligned, smaller set of tax credits can do more than ...

Tesla reported $2.3 billion of U.S. income in 2024 but paid zero federal income tax. Over the past three years, the Elon Musk ...

About a year ago, Gov. Gretchen Whitmer called on Michigan lawmakers to create a research and development tax credit for businesses and a new fund to support start-up companies in the state. On Monday ...