Gupta, Sanjay; Hwang, Yuhchang; Schmidt, Andrew P. - In: National Tax Journal 64 (2011) 2, pp. 285-322
This study examines the availability and incentive effects of the Research and Experimentation tax credit following structural changes in the computation of the credit enacted in the Omnibus Budget Reconciliation Act of 1989 (OBRA89). We find that overall firm eligibility declined after OBRA89,...
