Virginia Regulatory Town Hall
Agency
Department of Taxation
Guidance Document Information
Title Updated Research and Development Expenses Tax Credit Guidelines
Document ID Corporate/Individual
Summary During the 2020 Session, the General Assembly enacted House Bill 748 (2020 Acts of Assembly, Chapter 469) and Senate Bill 110 (2020 Acts of Assembly, Chapter 470), which increase the annual credit cap, change the deadline for submitting credit applications, and extend the sunset date for the Research and Development Expenses Tax Credit. These guidelines are published by the Department of Taxation to provide updated guidance regarding the Research and Development Expenses Tax Credit for taxable years beginning on or after January 1, 2020.
Effective Date 7/7/2020
pdf View document text     Posted On 11/16/2021                 Document on Town Hall
Explanation or Citations See 2020 House Bill 748 and 2020 Senate Bill 110.

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