Congress To Again Consider A Permanent R&D Tax Credit

Law360, New York (December 5, 2013, 4:15 PM EST) -- Congress will once again mull whether to make permanent the research and development tax credit, after House Rep. Julia Brownley, D-Calif., introduced legislation Tuesday that would prevent the popular tax break from lapsing at the end of the year.

Despite popularity among Democrats and Republicans, the R&D tax credit has never been a permanent part of the Internal Revenue Code. Brownley's bill would expand the credit and make it permanent once and for all.

Congress has extended the tax credit more than a dozen times —...
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