IRS issues Form 8942 and opens application period for the Qualifying Therapeutic Discovery Project Program *

USA - June 21 2010
On June 18, 2010, the Internal Revenue Service ("IRS") released Form 8942, Application for Certification of Qualified Investments Eligible for Credits and Grants Under the Qualifying Therapeutic Discovery Project Program, and officially opened the application period for submitting applications under the qualifying therapeutic discovery project program under Section 48D of the Internal Revenue Code.

Co-authors: David B. Weisblat, Timothy L. Jacobs.

IRS issues guidance on qualifying therapeutic discovery project program *

USA - May 25 2010
On May 21, 2010, the Internal Revenue Service ("IRS") issued Notice 2010-45 (the"Notice"), establishing the qualifying therapeutic discovery project program under Section 48D of the Internal Revenue Code and setting forth the procedures for applying for IRS certification of an applicant's qualified investment and eligibility for a tax creditor grant.

Co-authors: David B. Weisblat, Timothy L. Jacobs.