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Shipbuilding/Marine

The R&D Tax Credit can provide an immediate source of cash as well as a significant reduction to current and future years’ federal and state tax liabilities.

Case Studies for the Ship and Boat Building and Repair Industry

Marine Transportation & Towing Company

Annual Revenue $100 million

Result

$857,000 in federal r&d tax credits

Case Studies for the Ship and Boat Building and Repair Industry

Manufacturing/Boat Building and Repair Company

Annual Revenue $62 million

Result

$3.4 million in Federal r&d tax credits

Case Studies for the Ship and Boat Building and Repair Industry

Boat Building Company

Annual Revenue $27 million

Result

$157,000 in Federal r&d tax credits

Marine Transportation & Towing Company

The company took on projects regarding the development of a new and improved process for transporting dry bulk commodities for various industrial uses. To develop an improved process to produce and commercialize hydrothermal carbonization (HTC) biochar fuels for thermochemical energy conversion, they developed a system to convert raw biomass materials into uniform feedstock for thermochemical processing. They utilized the principles of chemistry/physics by performing calculations and analyzing the chemical makeup of various biomass materials. This helped to determine the proper ratios for the die machine to produce the hydrochar pellets.

This is just one example of the many ways your company could qualify!

Manufacturing/Boat Building and Repair Company

This project sought to develop a new tank barge design. Requirements included a 10,000 barrel capacity for transporting bulk inland cargoes. The design of this barge was unique due to internal framing with a longitudinal truss system as opposed to the exterior structural framing typically utilized with barges. It had to accommodate a higher volume of product in the tank without increasing the weight or size of the barge hull itself. They tested the hull design hydrostatic calculations to measure the displacement and buoyancy of the hull, ensuring that it remained viable.

This is just one example of the many ways your company could qualify!

Boat Building Company

The company examined existing boat models to identify deficiencies in components and potential design configurations for significant improvements to existing model lines. They evaluated design alternatives to make new and improved prototype models and improvements to existing boat models, factoring in increased engine sizes, specialized electrical system configurations, demanding performance requirements, customer convenience and usability components. To evaluate the numerous design alternatives, they used computer-aided design (CAD) software to further calculate engineering schematics and data.

This is just one example of the many ways your company could qualify!

To see if you qualify for a state or federal R&D Credit, please complete our form below.