Wilson, Daniel J. (contributor) - 2005
) de�nes quali�ed research and development as
the salaries and wages, intermediate/materials expenses, and rental costs of … taxable income). States generally
use the federal de�nition of quali�ed research and development in their tax codes. As
such …In its report, Research and Development in Industry: 2001 (NSF [2005]), the NSF reports that
R&D property and equipment …