Publisher's Synopsis
Excerpt from Description of Proposals Relating to Research and Development Incentive Act of 1987 (S. 58) And Allocation of R& D Expenses to U. S. And Foreign Income (S. 716): Scheduled for a Hearing Before the Subcommittee on Taxation and Debt Management of the Senate Committee on Finance on April 3, 1987
The Code does not Specifically define research or experimental expenditures eligible for the section 174 deduction election, except to exclude certain costs. Treasury regulations (sec. 4 define this term to mean research and development costs in the experimental or laboratory sense. This includes generally all such costs incident to the development of an experimental or pilot model, a plant process, a product, a formula, an invention, or simi lar property, and also the costs of obtaining a patent on such property. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
