Take the Payroll R&D Credit Survey Today!
The Payroll R&D Credit, established five years ago this past December, for the first time allowed pre-revenue innovators to take a portion of their R&D credit against their payroll tax obligation. The Credit served as a recognition from Congress that income tax credits provide no immediate benefit to pre-revenue biotechs.
We ask that you please share the survey with your networks to ensure a robust dataset that will accurately reflect how the credit is being used across all innovative industries. The link to the survey is available here. The survey closes on Friday, March 19. Any information provided will only be viewed by EY and only reported in aggregate.
You can read more about CSBI’s advocacy to expand the Payroll R&D Credit here.