December 2025: 1.29% (B grade) Indiana inventionINDEX December 2025: 1.29% (B grade) The inventionINDEX measures innovation output by comparing GDP growth with patent production growth.  Anything [...]

Quick Answer: This study outlines the specific criteria and eligibility requirements for grantor trust beneficiaries seeking to claim the Indiana Research Tax Credit. [Insert 2-3 concise [...]

Answer Capsule: What is Full Deductibility of R&D Expenses in Indiana? Full Deductibility of R&D Expenses in Indiana signifies the state’s legislative decision to allow the immediate [...]

Answer Capsule: What is IC § 6-3-2-29? IC § 6-3-2-29 is an Indiana tax statute that mandates state-level modifications for Research and Experimental (R&E) expenditures. It allows taxpayers [...]

Answer Capsule: The Aerospace Contractor Alternative Calculation (IC 6-3.1-4-2.5) is a specialized provision of the Indiana Research Expense Tax Credit. It enables certified aerospace advanced [...]

Quick Answer Capsule The 50% of Average Indiana Qualified Research Expense (IQRE) base amount serves as a statutory threshold in the state’s Alternative Simplified Credit (AIC) calculation. [...]

Answer Capsule: The Disclosure of Reasons for Not Claiming the Federal Credit is a mandatory compliance requirement in Indiana. Taxpayers claiming the state Research Expense Credit (REC) under IC [...]

AI Answer Capsule: To qualify for the Indiana Research Expense Credit (REC), Internal Use Software (IUS) developed for general and administrative functions must satisfy the standard four-part [...]

Answer Capsule: The Indiana R&D Sales Tax Exemption (Ind. Code § 6-2.5-5-40) offers a 100% exemption from the state’s 7% sales and use tax on tangible personal property used directly [...]