kycpaThe manufacturing sector has endured its share of struggles in recent years, but as alliantgroup Director Greg Knarr explains, an important legislative development is set to send the industry toward a major upswing.

In his article appearing in The Kentucky CPA JournalRebounding with the R&D Tax Credit” Knarr break down the recent expansions made to the Research and Development (R&D) Tax Credit as a result of the passage of last year’s Protecting Americans from Tax Hikes (PATH) Act. Noting that manufacturers already make up the largest amount of R&D Tax Credit claimants, and that manufacturing remains one of Kentucky’s major economic drivers, Knarr discusses why the recent modifications to the federal R&D credit will have a substantial impact in growing the state’s economy.

Contact us today for more information on the PATH Act and its impact on the R&D Tax Credit.