R&E Tax Credit: Turn Your Research and Experimentation Efforts Into Dollars

The R&E Tax Credit enables laboratories to receive a refund and/or credit for the time they spend on research and experimentation. While it's applicable to all labs, the R&E Tax Credit is especially good news for million-dollar-plus laboratories that might derive the most financial benefit.

If your laboratory is taking advantage of the rapidly changing technology in our industry by experimenting with new products, adding new equipment or streamlining internal processes, you could qualify for the Research & Experimentation (R&E) Tax Credit click here for specific activities that apply. Simply put, you can receive a credit of up to 20% of the cost of your research and experimentation activities--including the costs of labor--over a calculated base amount.

Started in 1981, the R&E Tax Credit offers incentives for risk-taking companies to invest resources in innovation and improvements that help...