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Are state R&D tax credits constitutional? an economic perspective

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  • Daniel J. Wilson

Abstract

This Economic Letter discusses how the unique economic nature of R&D may bear on the question of the constitutionality of state R&D tax credits. In particular, I discuss the conditions laid out by the U.S. Supreme Court for determining the constitutionality of a state tax credit and how economic research can play a critical role in assessing whether these conditions are met.

Suggested Citation

  • Daniel J. Wilson, 2005. "Are state R&D tax credits constitutional? an economic perspective," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue jun3.
    • Handle: RePEc:fip:fedfel:y:2005:i:jun3:n:2005-11
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    File URL: https://fraser.stlouisfed.org/title/economic-letter-federal-reserve-bank-san-francisco-4960/state-r-d-tax-credits-constitutional-economic-perspective-633286
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    References listed on IDEAS

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    1. Adam B. Jaffe & Manuel Trajtenberg & Rebecca Henderson, 1993. "Geographic Localization of Knowledge Spillovers as Evidenced by Patent Citations," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 108(3), pages 577-598.
    2. Daniel J. Wilson, 2005. "Beggar thy neighbor? the in-state vs. out-of-state impact of state R&D tax credits," Working Paper Series 2005-08, Federal Reserve Bank of San Francisco.
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    Cited by:

    1. Daniel J. Wilson, 2005. "Beggar thy neighbor? the in-state vs. out-of-state impact of state R&D tax credits," Working Paper Series 2005-08, Federal Reserve Bank of San Francisco.

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