qualified research expenses
Defined in 1 place of the United States Code.
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.
Source
- 1994–present26 U.S.C. § 41Internal Revenue Code · Credit for increasing research activities · for purposes of this section