R&D Tax Credit for Packaging

Companies in the Packaging Industry face a variety of challenges to remain competitive including price and delivery requirements, performance characteristics, environmental concerns, availability of raw materials, cost of energy as well as others. These companies, therefore, engage in significant amounts of research and development focused on devising advanced production processes, systems and equipment. Examples of packaging innovation activities that present R&D tax credit opportunities include:

  • Devising and experimenting with alternative process methodologies for the forming of a complex multi-component packaging system
  • Designing and developing the configuration for a packaging system to be used in transporting a consumer product as well as displaying the product on a store shelf
  • Evaluating paper and plastic sheet materials for use in the construction of a packaging system for a food product that must meet FDA dry storage requirements
  • Developing tooling for a new package fabrication process

Businesses in the Packaging 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:
$25 - $50 Million

Employees:
200 - 250

R&D Tax Credits

Federal R&D Tax Credit:
$103,878

State R&D Tax Credit:
$17,659

R&D Tax Credit for Packaging

Learn More About R&D Tax Credits