Questions & Answers

What is the New R&D Facilities Deduction?

You may be able to claim this deduction if you paid to construct, reconstruct, build, or acquire any new property that is used or will be used for research and development in the experimental or laboratory sense during 2020.

If you take this deduction, you can't claim an Investment Credit for the same research and development property.

See Rhode Island general law 44-32-1  for more information.

Let's Get Started


Footer sections

© 2002-2021 FreeTaxUSA, a TaxHawk, Inc. owned and operated website - Terms of Use | Privacy Statement | Accessibility