United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office General Government Division author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 1995-05-10 monographic deposited born digital GA 1.13:T-GGD-95-161 https://www.govinfo.gov/app/details/GAOREPORTS-T-GGD-95-161 P0b002ee1803a463a f:tgg95161 DGPO 2010-08-12 2011-03-28 GAOREPORTS-T-GGD-95-161 machine generated eng fdlp REPORT GAOREPORTS-T-GGD-95-161 T-GGD-95-161 Tax credit Tax administration Research and development Corporations Manufacturing industry Eligibility criteria Cost effectiveness analysis Research and development costs Fiscal policies Tax law Research Tax Credit Testimony GGD Given the lack of empirical information for evaluating the research tax credit's net benefit to society, GAO has not taken a position as to whether the credit should be made a permanent part of the tax code or allowed to expire. GAO has, however, concluded that if Congress decides to extend the credit in its current form, it may also want to ensure that the credit provides an attractive incentive to most recipients at an acceptable revenue cost. One way this could be done is to require that the base be reviewed and adjusted as needed. https://www.govinfo.gov/content/pkg/GAOREPORTS-T-GGD-95-161/html/GAOREPORTS-T-GGD-95-161.htm GAO/T-GGD-95-161 https://www.govinfo.gov/app/details/GAOREPORTS-T-GGD-95-161 Testimony GAO/T-GGD-95-161; Tax Policy: Additional Information on the Research Tax Credit; Tax credit Tax administration Research and development Corporations Manufacturing industry Eligibility criteria Cost effectiveness analysis Research and development costs Fiscal policies Tax law Research Tax Credit