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Action D-2 (Strengthen the R&D Tax Credit) Detailed Analysis: Tax credits vary from year to year. In FY 2005 the R&D tax credit was forecast to cost $5.1 billion. Since the amount of the R&D tax credit in any given year depends on overall corporate profitability and tax liability, as well as on R&D spending decisions, the overall cost cannot be determined precisely in advance. Maintaining the existing R&D tax credit, therefore, is assumed to result in no incremental cost. The proposed doubling of the existing R&D tax credit is assumed to cost about the same as the existing R&D tax credit, but the actual increment could be larger or smaller. In addition, the proposed expansion of the number of companies eligible for the R&D tax credit is not reflected in the $5.1 billion figure as the number of companies who might potentially be involved is unknown.

Year

2007

2008

2009

2010

2011

2012

2013

2014

Millions of Dollars

5100

5100

5100

5100

5100

5100

5100

5100

Action D-3 (Innovation Tax Incentive Study) Detailed Analysis: The proposed studies should be able to be performed within existing budgets.


Action D-4 (Ubiquitous Broadband Internet) Detailed Analysis: The most important steps would not necessarily entail federal outlays.



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