Why read about the R&D tax credit on the web, when you can buy the book?
Like many large companies, plaintiff General Motors Corporation has an active treasury department. Its treasury department supplements the company’s other income-generating activities by investing the company’s idle cash in short-term marketable securities. These investments present special analytical problems under the Uniform Division of Income for Tax Purposes Act (UDITPA),[1] which California has adopted (Rev. & [...]
Dec 17th, 2004
{1} The Taxation and Revenue Department of the State of New Mexico (the Department) denied an application by Team Specialty Products, Inc. (Taxpayer) for a tax credit under the Technology Jobs Tax Credit Act (the Technology Act), NMSA 1978, §§ 7-9F-1 to -12 (2000). The Department based the denial on Taxpayer’s failure to apply for [...]
Nov 23rd, 2004
The Georgia Chemistry Council, Inc. (“GCC”), a trade association representing 22 companies in the bio-tech industry, filed a declaratory judgment action against the Georgia Department of Revenue (“GDOR”) to challenge the validity of a regulation[1] which interprets the research tax credit codified in OCGA § 48-7-40.12 (“the statute”). The statute allows a tax credit of [...]
May 8th, 2003
797 N.E.2d 596 (2003) 207 Ill.2d 82 278 Ill.Dec. 1 Jack CAVENEY et al., Appellees, v. Glen L. BOWER, Director of Revenue, et al., Appellants. No. 92963. Supreme Court of Illinois. May 8, 2003. Rehearing Denied September 29, 2003. James E. Ryan, Attorney General, Springfield (Joel D. Bertocchi, Solicitor General, A. Benjamin Goldgar, Assistant Attorney [...]