The measure, required by law, took effect on 1 March and will continue through the end of the fiscal year on 30 September. After then, the reduced rate may change.
Created by the 2009 American Recovery and Reinvestment Act, popularly known as the economic stimulus law, the 1603 programme offers an upfront cash payment for as much as 30% of development costs in lieu of claiming the federal investment tax credit.
It
