- This event has passed.
Research & Development Impact for the Transportation & Distribution Industry
March 28 @ 11:00 am – 12:00 pm EDT
Free
1 CPE credit
Event description
The Tax Cuts and Jobs Act (TCJA) amended U.S. tax code Section 174 by removing the option to expense specified research or experimental (R&E) expenditures. Instead, taxpayers must now capitalize and amortize R&E expenditures over a period of five years (for domestic research) or 15 years (for foreign research). The T&D industry relies heavily on technological advancements to improve efficiency and meet evolving consumer demands. The developments have often created unforeseen tax consequences from a Section 174 perspective. In this webcast, GT will recap lessons learned specific to the new Section 174 rules and related opportunities to claim Research Tax Credits.
Date and time
Thursday, March 28, 2024
11:00 AM ET – 12:00 PM ET
Recommended CPE credits
1
Learning objectives
- Recognize the impact of the Section 174 rules to the T&D industry.
- Apply lessons learned after implementing the new Section 174 rules.
- Identify opportunities specific to the T&D industry for Research Tax Credits.
