qualified research expenses
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 41 — for purposes of this section
The term “qualified research expenses” means the sum of the following amounts which are paid or incurred by the taxpayer during the taxable year in carrying on any trade or business of the taxpayer—
(A) in-house research expenses, and
(B) contract research expenses.