Chemical Week Magazine :: Regulatory
Dow Challenges IRS in R&D Tax Credit Lawsuit
5:52 AM MDT | April 6, 2012 | â€”Kara Sissell
Dow Chemical is appealing a U.S. tax court decision to reject the companyâ€™s claim that supplies used in certain process improvements carried out by the former Union Carbide in 1994 are eligible for R&D tax credits. Attorneys presented oral arguments March 29 at the U.S. Court of Appeals for the Second Circuit (New York). Dowâ€™s case, if successful, would set an important precedent for other companies seeking to establish certain activities as eligible for R&D tax credits. The credits apply to costs including those incurred during the development of...
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