CASE
STUDY
R&D Tax Credit for Precast Concrete
Companies involved in the Precast Concrete Industry engage in research and development to devise advanced concrete products and fabrication processes that would enable faster and lower-cost construction of infrastructure and commercial properties. Companies in this industry expend significant effort in devising transportable concrete components and systems that can be produced at the factory site and transported easily to the jobsite, reducing excavation work and eliminating the need for concrete forms at the construction site. Examples of precast concrete manufacturing activities that present R&D tax credit opportunities include:
- Designing and developing a concrete water culvert comprised of transportable and easy to assemble concrete components
- Designing and developing a complex concrete component that can be repeatedly produced in large quantities
- Developing and testing an alternative concrete formulation for use in a special-purpose application
- Designing and developing a tooling fixture and a methodology for cutting an intricately-shaped hole in a precast concrete component
Businesses in the Precast Concrete industry are likely candidates to receive cash benefits from an R&D tax credit study. Intrepid Advisors’ experts can deliver maximum benefits for each tax year.
Company Profile
Annual Revenue:
$5 – $10 Million
Employees:
50 – 75
R&D Tax Credits
Federal R&D Tax Credit:
$57,182
State R&D Tax Credit:
$55,345
