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R & D Tax Credit
RESEARCH AND DEVELOPMENT SALES TAX EXEMPTIONS
Eligible Businesses:
Any business that purchases fuel and/or electricity for use in its manufacturing operation.
Program Summary:
Sales of machinery and equipment used by the purchaser directly and exclusively in research and development are eligible for a sales tax exemption.
Program Valuation Example:
Investment Assumptions
Machinery and Equipment Investments
$60,000
ROI & Program Valuation
State Sales Tax Liability
$25,500
Research and Development Sales Tax Exemption
$25,500
Total Value of Research and Development
Sales Tax Exemptions:
$25,500
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