The Second Generation of the R&D Credit
Gen 2 began with the publishing of Treasury Decision 8930, on January 3rd, 2001. This was the first statutory guidance provided by the Treasury Department on how to interpret the R&D Credit law.
During Gen 2, very little happened on the legislative front, except for the necessary extensions to keep the Credit alive. Here are a list of the bills that were passed during this period:
- The Working Families Tax Relief Act of 2004 extended the Research and Development Tax Credit through 12/31/05.
- The Tax Relief and Health Care Act of 2006 extended the R&D Credit retroactively through the end of 2007.




