Public Hearing on Research Activities Credit Rules

October 18, 2018

On Wednesday, the Department of Revenue (DOR) held a public hearing on the Research Activities Credit rules, which were noticed in order to implement SF 2417. During the past month, ABI has received feedback from members about who can claim the RAC. ABI attended the meeting and requested the DOR provide information as to whether ESOPs will be able to claim the credit. ABI will continue to follow this rule as it advances through the Administrative Rules Review Committee.