Business Technology Biography
Washington, D.C. (September 25, 2012) – The Biotechnology Industry Organization (BIO) applauds Sens. Robert Menendez (D-NJ) and Olympia Snowe (R-ME) and Reps. Jim Gerlach (R-PA) and Richard Neal (D-MA) for introducing the High Technology Small Business Research Incentives Act (H.R. 6559/S.3595).
Biotech companies are working every day to solve the greatest challenges facing our society — whether it’s finding a cure for cancer, protecting against bio-terror threats, or creating renewable energy and renewable chemicals.
Biotech R&D is a particularly high-risk undertaking because of the substantial start-up costs, lengthy experimentation period, and possibility that the technology will not prove viable. The legislation would make it more attractive to invest in biotech and other high tech industries.
Under the proposal, biotech companies would be able to enter into joint ventures with investors, who could then utilize the losses and tax credits of an R&D project. The bill would apply to entities that devote a significant percentage of their expenses to R&D, have fewer than 250 employees, and have less than $150 million in gross assets. It is important to note that this legislation does not create any new tax incentives.
Washington, D.C. (September 25, 2012) – The Biotechnology Industry Organization (BIO) applauds Sens. Robert Menendez (D-NJ) and Olympia Snowe (R-ME) and Reps. Jim Gerlach (R-PA) and Richard Neal (D-MA) for introducing the High Technology Small Business Research Incentives Act (H.R. 6559/S.3595).
Biotech companies are working every day to solve the greatest challenges facing our society — whether it’s finding a cure for cancer, protecting against bio-terror threats, or creating renewable energy and renewable chemicals.
Biotech R&D is a particularly high-risk undertaking because of the substantial start-up costs, lengthy experimentation period, and possibility that the technology will not prove viable. The legislation would make it more attractive to invest in biotech and other high tech industries.
Under the proposal, biotech companies would be able to enter into joint ventures with investors, who could then utilize the losses and tax credits of an R&D project. The bill would apply to entities that devote a significant percentage of their expenses to R&D, have fewer than 250 employees, and have less than $150 million in gross assets. It is important to note that this legislation does not create any new tax incentives.
Business Technology
Business Technology
Business Technology
Business Technology
Business Technology
Business Technology
Business Technology
Business Technology
Business Technology
Business Technology
Business Technology
Business Technology
Business Technology
Business Technology
Business Technology
Business Technology
Business Technology
Business Technology
Business Technology
Business Technology
EmoticonEmoticon