Asbestos is found in rocks and soil. These mineral fibers have worked well for manufacturers for many reasons. For starters, theyâre flexible and resistant to heat, chemicals, and electricity. Thatâs why they were widely used for years to make construction materials, automotive parts, and even textiles.
A tax expenditure program is government spending through the tax code. Tax expenditures alter the horizontal and vertical equity of the basic tax system by allowing exemptions, deductions, or credits to select groups or specific activities.
Research and Development - Manufacturing Tax Tips. The expenditures of research and development (R&D) are generally capital expenses. However, you can choose to deduct these expenditures as current business expenses. You must charge to a capital account any R&D expenditures that you do not deduct currently, nor defer and amortize.