Businesses often take a risk in the development of new products and processes.

The Research & Experimentation Tax Credit, first enacted in 1981, was intended to encourage companies to engage in research and development by at least partially subsidizing the expenses involved. The credit originally was set to expire in 1985, and has been extended 14 times since then. The credit expired again on Dec. 31, 2013, leaving open the question as to whether it will, in fact, be extended once again.

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