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Nonprofit Blog

Software Development Produces Significant Tax Benefits for Manufacturers

Posted by bgoricki on Apr 3, 2017 12:40:28 PM

Last year, over 6,000 manufacturers claimed more than an estimated $10 billion in research tax credits (RTCs), with each manufacturer’s average benefit exceeding $1 million. Generated in part by manufacturers’ efforts to develop new and improved products and processes, these benefits were also generated by their continued investment to develop or improve software to manage or automate production processes and business intelligence, among other things.

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Topics: manufacturers, manufacturing, software development, Tax, Uncategorized

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