Why read about the R&D tax credit on the web, when you can buy the book?
QUALIFIED R&D ACTIVITY 1. What is California’s Research & Development (R&D) Credit? 2. How do you claim the California R&D Credit? 3. Does California conform to federal R&D Credit provisions? 4. What is “qualified research” for California’s R&D Credit? 5. What research activities do not qualify for California’s R&D Credit? R&D COMPUTATION 6. What are [...]
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. & [...]
Jan 1st, 1987
23609. For each taxable year beginning on or after January 1, 1987, there shall be allowed as a credit against the “tax” (as defined by Section 23036) an amount determined in accordance with Section 41 of the Internal Revenue Code, except as follows: (a) For each taxable year beginning before January 1, 1997, both [...]