R&D Tax Credit for Industrial Machinery

Industrial Machinery manufacturers expend considerable research and development effort devising new or improved commercial and industrial equipment. Companies in this highly-competitive industry seek technological advancements to equipment performance such as speed, accuracy, control, reliability, durability, etc. while continually striving to reduce fabrication costs of their products. Examples of industrial machinery activities that present R&D tax credit opportunities include:

  • Designing and developing a special-purpose biorefinery system
  • Designing and developing a light-weight robotic welding machine
  • Testing and evaluation of an advanced heat exchanger
  • Developing specialized hydraulically-powered cranes for marine equipment use

Businesses in the Industrial Machinery 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:
$10 - $25 Million

Employees:
25 - 50

R&D Tax Credits

Federal R&D Tax Credit:
$187,309

State R&D Tax Credit:
$88,279

R&D Tax Credit for Industrial Machinery

Learn More About R&D Tax Credits