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REV545CT(504)PC PA DEPARTMENT OF REVENUE BUREAU OF CORPORATION TAXES TAXING DIVISION R&D UNIT DEPT. 280703 HARRISBURG, PA 171280703 PENNSYLVANIA RESEARCH AND DEVELOPMENT TAX CREDIT Commonwealth of
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Pennsylvania Research and Development Tax Credit is a tax credit program that encourages businesses to invest in research and development activities within the state of Pennsylvania.
Any business that has conducted qualified research and development activities in Pennsylvania and wants to claim the tax credit must file for the Pennsylvania Research and Development Tax Credit.
To fill out the PA Research and Development Tax Credit application, businesses must provide information on their research and development activities, expenses incurred, and other relevant information as required by the PA Department of Revenue.
The purpose of PA Research and Development Tax Credit is to incentivize businesses to invest in research and development activities which can lead to innovation, job creation, and economic growth within the state.
Businesses must report details of their research and development activities, expenses incurred, and other relevant information as required by the Pennsylvania Department of Revenue to claim the tax credit.
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