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Research & Development Tax Credit

Plastic Manufacturers

Example Of Qualified Activities

 

  • Developing new plastic products or components with specific strength, flexibility, or durability requirements.
     
  • Experimenting with resins, fillers, colorants, additives, or recycled materials.
     
  • Improving injection molding, extrusion, blow molding, or thermoforming processes.
     
  • Reducing cycle times, warpage, sink marks, or scrap through process refinement.
     
  • Designing, modifying, or testing molds, tooling, and cooling systems.

 

 

Eligible Expenses

 

  • Wages for engineers, plant/production managers, machinists, quality assurance, and production staff.
     
  • Prototype parts, trial runs, and material costs.
     
  • Tooling development and testing expenses.