The tax and business advisory firm WTP Advisors is predicting that Congress will renew the expired Research and Experimentation Tax Credit as it has traditionally done over the years.
Congress has extended the credit in one- or two-year increments over a dozen times since it was first authorized in 1981, WTP pointed out. The recent change of the calendar year marked the ninth time that the credit outright expired before legislation was passed to reauthorize the benefit. But officials at WTP Advisors say they are not concerned.
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