It will boost the Santa Clara, Calif.-based, company's investments in China to $4 billion.
Good that Congress and the States keep sending these folks tax breaks, helps to make life easier before they go.
December 11, 2006 Lawmakers Extend R&D Tax Credit By Roy Mark
The U.S. Congress renewed the R&D tax credit as part of its last-minute tax package of legislation before officially adjourning on Saturday.
The law provides a research tax credit equal to 20 percent of the amount by which a company's qualified research expenses for a taxable year exceed its base amount for that year. The provision extends the research credit for qualified amounts paid or incurred in 2006 and 2007.
The estimated cost is $16.3 billion over five years and $16.5 billion over 10 years.
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