R&D Tax Credit for Plastics & Rubber

Manufacturers in the Plastics & Rubber Industry perform considerable amounts of research and development attempting to formulate new polymer compounds as well as expanding technological means for processing and forming plastic and rubber materials into desired shapes and configurations. Examples of plastic & rubber innovation activities that present R&D tax credit opportunities include:
  • Developing an enhanced plastic-extrusion process for blending virgin and re-cycled plastic material for use in an injection-molding process
  • Developing and evaluating the performance characteristics of a new high-durometer rubber compound for use in the manufacture of an automotive engine part
  • Developing and testing a biodegradable plastic compound for use in packaging a seafood product

Businesses in the Plastics & Rubber 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:
250 - 300

R&D Tax Credits

Federal R&D Tax Credit:
$387,587

State R&D Tax Credit:
$66,554

R&D Tax Credit for Plastics & Rubber

Learn More About R&D Tax Credits