The Manufacturing Incentives benefit is a Federal program designed for companies that perform
manufacturing in the U.S. This program is listed under Section 41 of the IRC (Internal Revenue Code)
and continues to be amended on an annual basis as the U.S. manufacturing landscape continues to
evolve. This is an engineered based program that focuses on a company’s operations and processes
in order to determine their qualification for incentives. The Manufacturing Incentives benefit provides
an avenue to receive ‘tax money’ back from prior years while also reducing current taxable income on a
dollar-for-dollar basis.
Increased benefits are available for companies that are involved in:
* Farming
• Developing and improving quality and cost efficient solutions and processes
• Quality assurance and testing
• Engineering and design
• Manufacturing
• Prototyping or modeling
• Process improvement resulting in better productivity and turn around cycle
• Specialized assembly processes using technology
• Developing tooling applications and solutions
• Product development and improvement