According to the U.S. Bureau of Labor Statistics, the Agriculture, Mining, and Farming sectors of employment have grown over the past decade. What's more, thanks to our Nation's reliance on these sectors for food, energy, and raw materials for our gadgets, they are projected to continue that growth in the years to come. With this growth in personnel and the need for innovation to stay competitive, businesses both large and small are able to take advantage of the R&D Tax Credit.
Some examples of qualified activities include:
Qualifying Activities: Designing New Irrigation Systems, Genetic Experimentation for Disease & Climate Resistance
Qualifying Personnel: Agronomists, Lab Personnel, Engineers
Qualifying Activities: Engineering, Design, and Development of New Products, Prototyping and Testing
Qualifying Personnel: Engineers, Fabricators, Draftsmen, Quality Personnel
Qualifying Activities: Feed Formulation Development and Trials, Automation Design and Testing, Lab Method Development
Qualifying Personnel: Operations Mgr., Lab Mgr., Lab Techs, Maintenance Mgrs.