Guidance Document Information
||Research and Development Expenses Tax Credit Guidelines (TY 2016 and After)
||During the 2016 Session, the Virginia General Assembly enacted House Bill 884 (2016 Acts of
Assembly, Chapter 661) and Senate Bill 58 (2016 Acts of Assembly, Chapter 300), which
increase the annual credit cap and thresholds for computing the Research and Development Expenses Tax Credit, and allow a taxpayer to elect to determine the credit using an alternative simplified method. These Guidelines reflect these legislative changes and apply to Taxable Year 2016 and after.
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Posted On 5/3/2017
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|Explanation or Citations
||Va. Code § 58.1-439.12:08.
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