...section l74 deduction election, except to exclude certain costs. Treasury regulations (sec. L174-2(a)) define this term to mean "research and development...the development of an experimental or pilot model, a 7 The statute also excludes expenditure* to inrrrtnin the existence, location, extent, or quality of...

...and development costs in the experimental or laboratory sense. The term R&E generally includes all costs incident to the development of an experimental or pilot model, a plant process, a product, formula, and invention or a similar property. The term is not intended to refer to ordinary testing...

...expenditures must meet the following Treasury Department definition of research and experimental expenditures: Costs incident to the development of an experimental...pilot model, a plant process, a product, a formula, an invention, or similar property and the improvement of already existing property of the type mentioned....

...'research and development costs in the experimental or laboratory sense," including all expenditures incident to the development of an experimental or...pilot model, a plant process, a product, a formula, an invention or similar property, and improvements to existing property similar to these types. It...

...enacted in 1981, businesses were allowed to claim the R&D credit for costs incurred in connection with the development of an experimental or pilot model, a plant process, a product, a formula, an invention or similar property, and the improvement of already existing property of the type mentioned....

...business that represent research and development costs in the experimental or laboratory sense; • All costs incident to the development of an experimental...pilot model, a plant process, a product, a formula, an invention, or similar property, and the improvement of already existing property of the type mentioned;...

...used in connection with research and experimentation are classified as five-year recovery property. Qualifying expenditures The Code does not specifically...pilot model, a plant process, a product, a formula, an invention, or similar property," and also the costs of obtaining a patent on such property. The...

...of the Internal Revenue Service regulations have been modified for this system of accounts. The term includes generally all such costs incident to the...pilot model, a plant process, a product, a formula, an Invention, or similar property, and the improvement of already existing property of the type mentioned....

...of the Internal Revenue Service regulations have been modified for this system of accounts. The term includes generally all such costs incident to the...pilot model, a plant process, a product, a formula, an invention, or similar property, and the improvement of already existing property of the type mentioned....

...business which represent research and development costs in the experimental or laboratory sense. The term includes generally all such costs incident to the...pilot model, a plant process, a product, a formula, an invention, or similar property, and the improvement of already existing property of the type mentioned....