As technological breakthroughs and a renewed focus on American manufacturing increasingly motivate policymakers in Washington, research and development have become a critical concern for businesses striving to lead the nation into global technology dominance. Nvidia, the No. 1 stock and rapidly growing semiconductor company, recently announced a multiyear strategic partnership of $2 billion with Synopsys, an electronic software company, to infuse artificial intelligence into R&D. Depending on where they’re located, such corporations investing in R&D could benefit from a significant tax break — but only in certain states.

At the state level, R&D tax credits typically take the form of a percentage-based, dollar-for-dollar reduction in a company’s tax liability when a significant sha

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