Phoenix Rising tells QMUL: release the PACE trial data
Mark Berry, Acting CEO of Phoenix Rising, presents the Board of Directors’ open letter to Queen Mary University of London (QMUL) urging them to release the PACE trial data, and hopes that other non-UK organisations will join British charities in the same request...
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New $5Million Tax Credit for Small BioTech Announced

Discussion in 'Action Alerts and Advocacy' started by HopingSince88, May 24, 2010.

  1. HopingSince88

    HopingSince88 Senior Member

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  2. spindrift

    spindrift Plays With Voodoo Dollies

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    Hmm... I think WPI is exempt from taxes given they are a non profit. But maybe a company they
    are working together with could make use of it.
     
  3. HopingSince88

    HopingSince88 Senior Member

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    That is a good point. I had not thought of that. The Biotech credit does not directly apply to non-profits.

    The Small Business Tax Credit does apply for non-profits: Nonprofits would be able to participate by taking the tax credit against their quarterly withholding payments. But apparently the gov't neglected to think about non-profits in the bio-tech credit bill. Oh well... it could be used if they spin off a for-profit company from their research. Or maybe the gov't could could revise the bill.

    To qualify the company must have fewer than 250 employees, and they can elect to receive a grant rather than a tax credit. Maybe we should write our congress and senate folks, yet again!
     

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