Although the Research and Development (RD) Tax Credit expired at the end of 2013 (for the ninth time since 1981), the Senate Finance Committee recently took the first step in passing the Expiring Provisions Improvement Reform and Efficiency (Expire) Act. This legislation would reenact the credit and extend it for 2014 and 2015-great news for metalformers, made even better considering that the proposed legislation includes more benefits than ever before.
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