Are state R&D tax credits constitutional? an economic perspective
Abstract: This Economic Letter discusses how the unique economic nature of R&D may bear on the question of the constitutionality of state R&D tax credits. In particular, I discuss the conditions laid out by the U.S. Supreme Court for determining the constitutionality of a state tax credit and how economic research can play a critical role in assessing whether these conditions are met.
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File(s): File format is application/pdf http://www.frbsf.org/publications/economics/letter/2005/el2005-11.pdf
Provider: Federal Reserve Bank of San Francisco
Part of Series: FRBSF Economic Letter
Publication Date: 2005
Order Number: 11