Arooj Ajmal

About Arooj Ajmal

Arooj holds a Master of Computer Applications and serves as an R&D Tax Policy Consultant at Swanson Reed. Arooj is knowledgeable about the Texas R&D Tax Credits Policy and state statutory frameworks. Throughout her career, Arooj has prepared numerous Research and Development tax credit case studies specifically for the biotechnology, chemical engineering, and nanotechnology industries, helping client engineering divisions establish robust, audit-defensible technical documentation.

Published Whitepapers & Research

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  Strategic Realignment of Texas Research and Development Incentives: Addressing the 2026 Sales Tax Exemption Sunset to Preserve Startup Liquidity and National Competitiveness
  
  Texas State Tax Incentives

  An analysis of the 2026 Texas R&D policy pivot under Senate Bill 2206, the repeal of the sales tax exemption, the transition to Subchapter T franchise tax credits, and proposed legislative solutions to preserve capital liquidity for startups.

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  Leveraging Innovation: A Strategic Analysis of the Texas Franchise Tax Research and Development Credit and the 50% Utilization Limitation
  
  Texas State Tax Incentives

  An exhaustive analysis of the 50% franchise tax liability cap on the Texas R&D credit, its impact on SMB liquidity, and proposed legislative solutions including a Safe Harbor threshold and the Texas Innovation Equity Exchange (TIE-X).

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  Empowering the Texas Innovation Economy: A Strategic Proposal to Reform Restricted Refundability Criteria within the Research and Development Tax Credit Framework
  
  Texas State Tax Incentives

  An analysis of the restricted refundability criteria within the Texas R&D Tax Credit framework under SB 2206, the carryforward trap facing scaling SMBs, and legislative proposals including the TSRCE and TICTP models.

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  Bridging the Liquidity Gap: A Policy Proposal to Amend the Non-Transferability of Research and Development Tax Credits in Texas
  
  Texas State Tax Incentives

  An analysis of the non-transferability rule governing Texas R&D tax credits under Subchapter T, its impact on pre-revenue startups, and legislative policy models like the Texas Innovation Credit Exchange (TICE) and Tiered Refundability.

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  Structural Reform for the Texas Innovation Economy: Mitigating the 50% Base Amount Hurdle for Small and Medium Enterprises
  
  Texas State Tax Incentives

  An evaluation of the 50% base amount hurdle under Texas Subchapter T R&D tax credits, its impact on volatile SMB spending cycles, and proposed policy solutions like the Small Business Flat-Rate Election and Revenue-Capped Base Amount.

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  An Analysis of Texas Innovation Policy: Addressing Base Amount Calculation Hurdles in the Research and Development Tax Credit Framework for Small and Medium Enterprises
  
  Texas State Tax Incentives

  An examination of how the 50% base amount calculation hurdle under Texas Subchapter T penalizes volatile SMB research spending, along with proposed policy solutions such as a volume-based credit election or multi-year base smoothing.

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  Bridging the Capital Gap: Restoring Tax Equity for Small and Medium Enterprises in the Texas Research and Development Framework
  
  Texas State Tax Incentives

  An investigation examining the capital expenditure gap created by repealing the Texas R&D sales tax exemption and excluding depreciable property from Subchapter T, with proposed policy solutions like the Texas R&D Investment Credit (TRIC).

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  Reforming University Partnership Requirements to Catalyze Small Business Innovation: A Strategic Framework for the Texas Subchapter T Research and Development Credit
  
  Texas State Tax Incentives

  An analysis examining institutional contracting bottlenecks that prevent SMBs from accessing the 10.903% higher education R&D credit rate under Texas Subchapter T, with proposals like the SSBRA and expanding qualifying institutions.

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  The Innovation Gap: Modernizing Texas R&D Tax Credit Administration to Empower Small and Medium Businesses
  
  Texas State Tax Incentives

  An analysis of the administrative friction and contemporaneous documentation burdens surrounding Texas R&D tax credits under Subchapter T, with policy proposals including a Documentation Safe Harbor and a Standardized Reporting Portal.

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  A Strategic Policy Analysis of Statistical Sampling Complexity in the Texas Research and Development Tax Credit Framework for Small and Medium Enterprises
  
  Texas State Tax Incentives

  An analysis examining how IRS Revenue Procedure 2011-42 statistical sampling requirements create an unworkable compliance burden for Texas SMBs under Subchapter T, with proposals for a Tiered Sampling Safe Harbor and digital portals.