At the end of last year, a lot of coverage was given to the Protecting Americans from Tax Hikes (PATH) Act, the $600 billion plus tax deal passed by Congress and signed into law by the president. However, according to alliantgroup Managing Director Michael Siegel, it is the bill’s changes to the Research and Development (R&D) Tax Credit that will have manufacturers celebrating a major long-term windfall starting in 2016 and beyond.

In his article appearing in IndustryWeek, “The New and Improved R&D Tax Credit: The Tax Deal Manufacturers Will Be Celebrating for Years to Come,” our very own Michael Siegel reviews the PATH Act’s modifications to the R&D Tax Credit. Specifically, Siegel points to the long-term advantages of the credit’s permanency and a key expansion that is set to greatly increase the number of manufacturers eligible for the credit’s tax benefits.

Contact us today for more information on the PATH Act, the law’s expansions to the R&D Tax Credit and the implications of these changes for U.S. manufacturers.