Businesses investing in new or improved product or process of development can qualify. Technical endeavors to cut cost and remain competitive in the market place may also qualify for the credit. The criteria are not exclusive to any specific type of industry, in fact, research and development takes place in a broad range of industries; common industries are outlined below.
COMMON INDUSTRIES THAT QUALIFY:
| APPAREL AGRICULTURAL AUTOMOTIVE BIOTECHNOLOGY CHEMICALS COSMETICS ELECTRONICS ENERGY ENGINEERING FOOD & CONSUMER PACKAGED GOODS | HIGH TECH LIFE SCIENCES MANUFACTURING MEDICAL DEVICES & EQUIPMENT PHARMACEUTICALS SOFTWARE SEMI-CONDUCTOR TELECOMMUNICATIONS UTILITIES WASTE MANAGEMENT |