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. …
General Motors Corp. v. Franchise Tax Bd., 139 P. 3d 1183 (Cal. 2006)
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 …
California Revenue & Taxation Code § 23609
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, …