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Most manufacturers are not aware that federal and state research and development tax credit programs exist that may reward their day-to-day efforts aimed at producing a more efficient product. The Research and Development tax credit is a government-sponsored benefit that provides cash incentives for companies conducting R&D in the United States. These economic incentives are conservative, government-sponsored programs backed by the Internal Revenue Service, Congress and the current Administration in order to stimulate research and development in industries of all size, and to provide an avenue of encouragement for companies to work together and transform the economic landscape. Over $5 billion in federal R&D tax credit benefits are given out annually. [more]
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