Deadline to Apply for Tax Credits and Grants for Therapeutic Discovery Projects Approaching

The Qualifying Therapeutic Discovery Project Credit, which also includes an election to receive a cash grant in lieu of a tax credit, was summarized in our Special Alert dated April 19, 2010. You can also see comments by two of Eisner’s tax professionals on this program by clicking here and here.

The U.S. Department of the Treasury has now announced that applications for the qualifying therapeutic discovery project credit/grant must be received by July 21, 2010.

If you have questions or interest in this program, please contact Vijay Shah or Aninda Dhar.


Eisner LLP

Any tax advice in this communication is not intended or written by Eisner LLP to be used, and cannot be used, by a client or any other person or entity for the purpose of (i) avoiding penalties that may be imposed on any taxpayer, or (ii) promoting, marketing, or recommending to another party any matters addressed herein. With this alert, Eisner LLP is not rendering any specific advice to the reader. .

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