Steel & Metal Production

 

 

Steel & Metal Production and the Research & Development Tax Credit

 

Companies in the metallurgy and steel industries perform activities that fit the traditional aspects of research and development under the Internal Revenue Code.  The majority of activities undertaken within these industries qualifying for the R&D Tax Credit. 

 

Through continued production processes, and cost optimization within these industries, companies continue to be on the forefront of improving the quality of products and processes within the competitive environment.

Examples of Eligible R&D Activities

 

  • Designing, modeling, simulating, and analyzing new/improved products and/or processes
  • Constructing specialized tooling and equipment used to improve products and/or processes
  • Creating new/improved metal-forming processes
  • Developing software applications for internal or external use
  • Testing and/or development of new/improved composite materials