“We’re Gonna Get Hit Hard”: How an R&D Tax Policy Change Hurts Manufacturers

Miltec UV operates at the cutting edge of the manufacturing industry, developing new UV lamp systems for curing inks and coatings for everything from optical fiber to soup can lids. But after a tax law change went into effect in 2022, the Maryland-based manufacturer found that R&D became much more expensive—hampering its investments and tamping down its growth. We spoke with Miltec UV President…

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Original source: https://www.nam.org/were-gonna-get-hit-hard-how-an-rd-tax-policy-change-hurts-manufacturers-19819/