Three organizations team up to host research and development tax credit workshop Jan. 26
Contact: Tonya Lowentritt
1/20/10
HAMMOND – Three Louisiana economic development organizations are teaming up to host a workshop on the state’s newly revised Research and Development Tax Credit.
The Louisiana Small Business Development Center at Southeastern Louisiana University, along with the St. Tammany Economic Development Foundation and Louisiana Economic Development, will sponsor the workshop Jan. 26 at Southeastern’s St. Tammany Center on 21454 Koop Drive in Mandeville.
Susan Bigner, program manager of the R&D Tax Credit for Louisiana Economic Development, will present valuable information about the credit. Registration begins at 8:30 a.m., and the workshop will run from 9-11 a.m.
The Revamped R&D Tax Credit applies to Louisiana businesses that are performing research and development activities in the state. The tax credit also applies to companies that have competed for and won Small Business Innovation Research grants.
Highlights of the program include:
• Taxpayers who receive a federal SBIR grant will be allowed a refundable tax credit against income and franchisee taxes due.
• Taxpayers who employ up to 50 Louisiana residents and incur QRE (Qualified Research Expenditures) as defined in 26 USC 41. (b) (in-house research expenses and contract research expenses) will be allowed a refundable tax credit against income and franchise taxes due.
• Taxpayers who employ more than 50 Louisiana residents and claim a federal income tax credit under 26 USC 41 (a) for increasing research activities (Form 6765) will be allowed a refundable tax credit against income and franchise taxes due.
Seating is limited, and pre-registration is preferred. The preferred method of pre-registration is online at http://www.lsbdc.org (click on Training and Events), but arrangements can also be made by contacting the LSBDC at Southeastern at (985) 549-3831.
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