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IRS commences therapeutic discovery project credit application process

  • Kilpatrick Townsend & Stockton LLP
  • -
  • USA
  • -
  • June 21 2010

On June 18, 2010, the Internal Revenue Service (IRS) released the application forms to apply for the investment tax credit or grant for certain therapeutic discovery projects

Treasury’s qualifying therapeutic discovery project credit program provides short window for application

  • Kilpatrick Townsend & Stockton LLP
  • -
  • USA
  • -
  • May 27 2010

On May 21, 2010, the Department of Treasury announced its program for evaluating and awarding certification for the new Federal income tax credit available to certain small employers for qualifying therapeutic discovery

Congress adds new investment tax credit for qualified therapeutic drug products

  • Kilpatrick Townsend & Stockton LLP
  • -
  • USA
  • -
  • May 14 2010

The Health Care and Education Reconciliation Act of 2010 (the Act) added a new nonr-efundable investment tax credit for qualified investments in qualifying therapeutic discovery projects