Definitions of Research and Development for Tax Credit Legislation. Volume 2. A Tabular Summary of Definitions of Research and Development

摘要

The report analyzes various theoretical concepts of research and development (R&D). The scientific and technological processes that are grouped under the general term, R&D, are divided into components which are then examined with respect to both public policy objectives of the tax credit legislation and their adaptibility to practical tax code enforcement standards. Some definitional guidelines for R&D tax credits are presented that will meet policy objectives, yet will still be flexible enough to adapt to a broad range of situations. From these guidelines criteria are suggested for implementing many effective definitions for different policy outcomes. Volume two is composed of tables that list definitions of R&D and related terms by source.