RnD Tax Credit Approved for Livestock Research
RnD Tax Credit Approved for Livestock Research
Ruling affirms livestock research qualifies for federal RnD tax credits
A recent US Tax Court decision marked an important step forward for American agriculture by confirming that innovation in livestock production qualifies for the federal Research and Development tax credit. The ruling clarified that farmers, ranchers and agribusinesses are eligible for the same tax benefits long available to other innovation driven industries.
The decision followed an earlier court ruling that validated RnD c
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