2 recent Treasury Dept. proposals would benefit plastics R&D

08/13/2014 | PlasticsNews.com

The U.S. Treasury Department has proposed two regulations in the past nine months that would significantly benefit plastics producers. The first relates to changes in the definition of research expenditures under the Internal Revenue Code. The second would allow taxpayers to claim the Alternative Simplified Credit on amended returns if the they have not claimed the research credit on the original return.

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