• Research and development tax credit for food manufacturers

    On December 17, 2010, President Obama signed into law the much-debated Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. The 2010 Tax Relief Act contains many important provisions affecting individual taxpayers and businesses and extends a large number of expiring and expired tax benefits for 2011 and beyond. Among them was the retroactive reinstatement and extension of the Research & Development Tax Credit for manufacturers.