R&D tax credits alive and well for moldmakers


The good news is that the Research & Development tax credits survived the wrangling in Congress over the fiscal cliff. The bad news is that many moldmakers won’t take advantage of this incentive that can provide some much-needed relief from their tax bite.

According to Scott Schmidt of the Black Line Group, a business consulting firm based in Plymouth, MN, the R&D tax credits were part of the American Taxpayer Relief Act of 2012. This extended the Research & Development incentive retroactively back to January 1, 2012 through December 31, 2013....
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