Tag Archives: Congress

2015 Tax Extenders – Congress Considers R&D Tax Credit Modifications

Blog post by Geoff Garber
BS, JD

Another year has come and gone and Congress is finally making strides towards passing a comprehensive tax extenders package. As in years past, tax extenders are used as political bargaining chips and are inevitably avoided until the zero hour. Some of the noteworthy tax provisions on the extension docket include the Research and Development (R&D) Tax Credit, Section 179D Energy Efficient Commercial Building Deduction, Section 45L, and Bonus Depreciation. Senator Orrin Hatch proposed significant, long-needed changes to the R&D Tax Credit that the Senate Finance Committee approved earlier this year. Additionally, Texas Representative Kevin Brady has proposed fallback legislation that would extend certain tax breaks for two years in the event that the two sides cannot agree to make certain extenders permanent. With Congress set to go on vacation December 18, any legislation would need to be sent to the President for signature before that date or be delayed until Congress reconvenes in early January 2016. Continue reading 2015 Tax Extenders – Congress Considers R&D Tax Credit Modifications