Qualified research definition

Qualified research means qualified research as defined in section 41(d) of the Internal Revenue Code [26 U.S.C. 41(d)], except it does not include research conducted outside the state of North Dakota.

Qualified research means qualified research as defined in section 41(d) of the Internal Revenue Code, except that the term does not include qualified research conducted outside the state of Minnesota.

Qualified research means the systematic investigative process that is undertaken for the purpose of discovering information. The term "qualified research" does not include research conducted outside the State of Mississippi or research to the extent funded by any grant, contract or otherwise by another person or governmental entity.

Examples of Qualified research in a sentence

• Qualified research must satisfy all of the following tests to qualify:• The activity must be undertaken for the purpose of discovering information which is technological in nature;• The application of technological information must be intended to be useful in a new or improved business component; and• Substantially all of the activities related to the research effort must constitute elements of a process of experimentation relating to a new or improved function, performance, reliability or quality.

• Qualified research can be performed on behalf of the taxpayer notwithstanding the fact that the taxpayer does not have exclusive rights to the results.

• Qualified research can be performed on behalf of the taxpayer notwithstanding the fact that the tax- payer does not have exclusive rights to the results.

• Qualified research does not include any activity described in section 41(d)(4) and paragraph (c) of this section.(2) Research after commercial produc- tion—(i) In general.

• Qualified research and development expenditures include the cost of clinical trials for drugs and certification by Underwriters Laboratories.

More Definitions of Qualified research

Qualified research means the same as that term is defined in Section 41(d), Internal Revenue Code, except that the term includes only qualified research conducted in this state.

Qualified research means qualified research as defined in section 41(d) of the I.R.C.

Qualified research means the same as defined in section 235-7.3.

Qualified research means research:

Qualified research defined in IRC section 41(d), means research, the costs of which may be treated as expenses under IRC section 174. The research must be undertaken for the purpose of discovering information that is technological in nature, and its application must be intended for use in developing a new or improved business component of the taxpayer.

Qualified research means qualified research as defined under IRC § 41(d)(1). Exception: On and after July 2, 2013, the term includes qualified research that is funded by a member of a combined group for another member of a combined group. See Part II for additional information on the definition of "qualified research".

Qualified research means qualified research as defined under section 41(d) (1) of the Internal Revenue Code, except that it includes qualified research that is funded by a member of a combined group for another member of a combined group.