Renewed & Strengthened!   Congress passed legislation that was signed into law October 3, 2008, that extended retroactively the R&D tax credit from January 1, 2008, through December 31, 2009, and strengthened the credit by increasing the Alternative Simplified Credit rate to 14% effective in 2009.  Prior the credit’s renewal in 2008, the credit was expired for 9 months through September 2008.  Nearly 18,000 companies of all sizes use the credit that was renewed for the 13th time since its original enactment into law in 1981. 

For more information, contact NAM's Monica McGuire, who also serves as the R&D Credit Coalition's Executive Secretary, at mmcguire@nam.org or (202) 637-3076.  Visit the R&D Credit Coalition website:  www.investinamericasfuture.org