About Amy Moon

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So far Amy Moon has created 13 blog entries.

Higher Cash Returns for Start-ups in New House Research Credit Bill

In December, the House of Representatives introduced a bill to boost the research credit for new and small businesses. The bill, Research and Development Tax Credit Expansion Act of 2019, would potentially impact taxpayers who are eligible to offset their [...]

By |2021-11-21T15:18:29-05:00March 3rd, 2020|

Wisconsin Issues Proposed Guidance on Refundable Research Credit

A favorable change in the Wisconsin research credit was passed for tax years beginning on or after January 1, 2018.  The law change allows a portion of the credit to qualify as refundable. This helps Wisconsin companies benefit from the [...]

By |2021-11-21T15:19:09-05:00January 31st, 2020|

Illinois Extends R&D Tax Credit and Creates New Apprenticeship Credit

In August, Illinois Governor J.B. Pritzker signed SB 1591 extending the Illinois R&D tax credit for an additional 5 years, through 2026. The current R&D tax credit was due to expire at the end of 2021. Since the credit was [...]

By |2021-11-21T15:20:50-05:00December 11th, 2019|

New House Bill Would Undo Unfavorable 2017 Change to R&D Expensing

A new House bill (H.R. 4549) introduced on September 29, 2019 is proposed to undo some major changes to how R&D expenses are treated. The new bill would enable companies to continue expensing R&D expenditures in the period during which [...]

By |2021-11-21T15:22:12-05:00October 24th, 2019|

Senate’s New Research Credit Bill Could Help Start-ups Recover Higher Cash Returns

In late July, the Senate proposed a bipartisan bill to boost the research credit for new and small businesses. The bill, Research and Development Tax Credit Expansion Act of 2019, would potentially impact taxpayers who are eligible to offset their payroll [...]

By |2021-11-21T15:23:02-05:00October 3rd, 2019|

Michigan Introduces Bill To Update RTC For Automotive Industry Starting 2020

On June 13, 2019, Michigan introduced Senate Bill 378 that would create a refundable research tax credit (RTC) for specific Automotive Industry taxpayers for tax years beginning after December 31, 2019.  The current research tax credit equals 1.9% of Qualified [...]

By |2021-11-21T15:25:49-05:00June 19th, 2019|