Illinois has a strong history—and future—in manufacturing. The demand for high-end products that requires custom machinery, precision parts or advanced materials will continue to grow. Manufacturers use advanced techniques and high-tech components to find innovative solutions, which makes them great candidates for a powerful government incentive known as the R&D Tax Credit. For day-to-day manufacturing activities performed here in the United States, companies can receive cash back and significantly reduce their tax liability.
The following activities can qualify for this credit:
- Product development
- Development of second-generation or improved products (i.e. a version 2.0)
- Design of manufacturing equipment, controllers or programs
- Tooling and equipment fixture design
- Improvements to manufacturing production processes
To learn of more qualifying activities for the R&D credit in the manufacturing industry, please contact us today. At alliantgroup, we have helped hundreds of manufacturers claim this credit, and we have partnered with many trade associations in this industry such as the National Association of Manufacturing (NAM) and the Measurement, Control & Automation Association (MCAA).
alliantgroup is the leading provider tax provider for the R&D credit and has helped thousands of businesses save on their taxes. If you would like to find out if your company is eligible, please contact alliantgroup’s Managing Director Tracy Lustyan today for a free assessment or fill out the form below.
Complete the form below for a free assessment.
