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A Further View for Qualifying Therapeutic Discovery Projects

June 23rd, 2010 No comments

A new credit, the Qualifying Therapeutic Discovery Project (QTDP) tax credit targeted at biotech companies was enacted as part of the recent health care legislation. The Patient Protection and Affordable Care Act of 2010 (Pub. L. 111-148) added Section 48D to the Internal Revenue Code to provide a tax credit for therapeutic discovery projects. Read more…

The Tax Credit, Therapeutic Discovery Project

June 23rd, 2010 No comments

Tucked away on page 759 of the voluminous healthcare law signed by President Barack Obama in March is a provision to aid small companies doing research and development (R&D) in biotechnology. Starting on 6/21/10, many of those companies will be racing to take advantage of a tax credit worth up to $5M per company and totaling $1B. Read more…