Research Tax Credit

Research and experiments; mining exploration; core and noncore drill holes . Expenditures paid or incurred before January 1, 1970, by a domestic corporation under a mining lease agreement involving the drilling of core and noncore holes in connection with the production of minerals are mining exploration expenditures subject to the provisions of either section 615 [...]

Payments made directly or indi­rectly by a utility corporation to a non-profit research and develop­ment organization formed to de­velop a model that will benefit the utility field are deductible as re­search and experimental expendi­tures. Rev. Rul. 73-20 ********** 1 Also released as Technical Information Release 1220, dated December 15, 1912. ********** Advice has been requested [...]

Synthetic gas research and ex­perimental costs . A natural gas company’s payments to an industry association of which it is a member to help fund, under an agreement with the Department of Interior, an organization to develop a coal gasification program for the pro­duction of synthetic gas are re­search and experimental expendi­tures for the purposes [...]

Development costs; specially-built manufacturing systems. The taxpayer’s costs to develop and de­sign a specially-built automated manufacturing system for a cus­tomer’s specific order at the tax­payer’s risk are deductible as re­search and experimental expendi­tures, even though each product design results in the production of only one machine system. Rev. Rul. 73-275 Advice has been requested concern­ing [...]