Improving Your Products or Processes? MD says Thank You.

April 19, 2010 | Subscribe to our RSS Feed

Good news for Maryland businesses looking to improve themselves: Gov. Martin O’Malley signed legislation on April 13 to extend Maryland’s research and development tax credit program through tax year 2019, instead of letting the credit lapse in tax year 2010 as previously scheduled.

Remember, its not just high tech, bio tech and advanced manufacturing companies that are eligible for R&D credits.  The rules are complicated, but any manufacturer, professional, or technical service provider that seeks to improve its product – or seeks a better way to make its product – may be eligible for tax credits.  We provided more information on the qualifications in a previous Wealth Wisdom entry.

Submitted by Sam Cohen

Questions:

sam.cohen@glassjacobson.com