The Alternative Incremental Credit was no longer electable after Dec.
What does AIC stand for?
AIC stands for Alternative Incremental Credit
This definition appears somewhat frequently and is found in the following Acronym Finder categories:
- Military and Government
See other definitions of AIC
We have 523 other meanings of AIC in our Acronym Attic
- Alarm Interface Card
- Alarm Interface Controller (Cisco)
- Album in Comments
- Alice In Chains (rock band)
- Allied International Credit (Allied Global Holdings)
- Allowance Item Code
- Allstate Indemnity Company (insurance)
- Allstate Insurance Company (various locations)
- Alsace Investissement Conseil (French: Alsace Investment Council; Alsace, France)
- Alternative Incarceration Center
- Alternative Information Center
- American Ingredients Co.
- American Institute for Conservation (of Historic and Artistic Works)
- American Institute of Chemists
- American Institute of Constructors
- American Institute of Cooperation
- American International College (Springfield, MA)
- American Investors Company (California)
- Americans for Immigration Control, Inc. (since 1983; Monterey, Virginia)
- Amnesty International Club (various locations)
Samples in periodicals archive:
41 allowed the taxpayer to choose between two other calculation methodologies: the regular credit calculation and the alternative incremental credit calculation (AIRC).
For the few cases where both Regular Credit and Alternative Incremental Credit line items were blank, the existence of data on any one line item within either credit method funneled that particular corporation's credit under that particular credit method.
The new law also modifies the research credit for tax years ending after 2006 by increasing the rates of the alternative incremental credit and providing a new alternative simplified credit.
463, the Investment in America Act of 2003, would permanently extend the research credit, increase the rates of the alternative incremental credit, and provide an alternative simplified credit for qualified research expenses.
The amount of the alternative incremental credit is too small to be effective and the rules governing R&D performed at consortia or under contract are outdated.
In addition, in 1996 Congress created the alternative incremental credit (AIC) formula, which was designed to nullify some of the anomalous effects of the qualified credit.
When it is reasonable that there were no qualified expenses for the base period, it is almost always more beneficial to treat the company as a start-up rather than taking the alternative incremental credit in Form 6765, Section B (the alternative incremental credit calculation is not based on the fixed-base-period percentage).