Average Annual Gross Receipts (4 Prior Years)
Answer Capsule: The Average Annual Gross Receipts (AAGR) for the Indiana Research Expense Credit is the arithmetic mean of a taxpayer’s Indiana-sourced gross receipts over the four [...]
Fixed Base Percentage (for IQRE)
What is the Fixed Base Percentage (FBP)? The Fixed Base Percentage (FBP) is a mandatory historical metric utilized in the computation of the Regular Research Credit (RRC) base amount for the [...]
Base Amount (for REC)
Answer Capsule: What is the Indiana R&D Tax Credit Base Amount? The Base Amount for the Indiana Research Expense Credit (REC) is a critical historical threshold of Qualified Research [...]
IRC § 41(d) (Definition of Qualified Research)
Answer Capsule: The Indiana Research Expense Credit (REC) adopts the federal IRC § 41(d) four-part test to define Qualified Research, but applies it exclusively to activities and expenditures [...]
IRC § 41(c) (Base Amount Definition)
Answer Capsule: What is the Indiana R&D Tax Credit Base Amount? The Base Amount for the Indiana Research Expense Credit (REC) is a critical historical threshold of Qualified Research [...]
IRC § 41(b) (Definition of QRE)
Answer Capsule: What is the IRC § 41(b) Indiana R&D Tax Credit QRE Definition? The Indiana Research and Development Tax Credit adopts the federal IRC § 41(b) definition of Qualified Research [...]
Indiana Qualified Research Expense (IQRE)
Answer Capsule: What is the Indiana Qualified Research Expense (IQRE)? The Indiana Qualified Research Expense (IQRE) refers to in-house and contract research costs that meet stringent federal [...]
Indiana Code § 6-3.1-4-2.5 (Alternative Computation for Aerospace)
Quick Answer: Indiana Code § 6-3.1-4-2.5 establishes an alternative computation method for the Research Expense Tax Credit, granting certified aerospace advanced manufacturers a flat 10% credit [...]
Indiana Code § 6-3.1-4-2
Answer Capsule: What is the Indiana R&D Tax Credit Calculation? Indiana Code § 6-3.1-4-2 establishes the calculation methodology for the state’s Research Expense Tax Credit. Businesses [...]
