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Old 07-14-2010, 03:48 PM
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How does a taxpayer claim the Qualifying Therapeutic Discovery Project Tax Credit?

In order for a qualified taxpayer to claim the "Qualifying Therapeutic Discovery Project Tax Credit", that taxpayer must apply for certification of its qualified investments.

The amount of the credit which a taxpayer may be allocated will be limited to a maximum of $5 million per taxpayer, and the total amount of credits available to all taxpayers is limited to $1 billion.

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