What are Qualified Supplies for the Utah R&D Tax Credit? Answer: Supplies used in the conduct of qualified research refer to non-depreciable tangible property (excluding land or its [...]

Quick Answer: What are Wages for Qualified Services in Utah? Wages for qualified services under the Utah Research and Development Tax Credit refer to taxable compensation paid to employees for [...]

What are Contract Research Expenses Incurred in Utah? Contract Research Expenses Incurred in this State refer to a specific category of Qualified Research Expenses (QREs) within the Utah R&D [...]

Quick Answer: What are Utah In-House Research Expenses? In-house research expenses incurred in Utah comprise the wages, supplies, and computer rental costs paid for qualified research activities [...]

Quick Answer: What constitutes Qualified Research for the Utah R&D Tax Credit? For the Utah Research and Development Tax Credit, “qualified research” must meet the federal [...]

What is the 3% fixed-base percentage for Utah R&D start-ups? The 3% fixed-base percentage is a statutory rate used by start-up companies in Utah to calculate the “base amount” [...]

Quick Answer: What is the Minimum Base Amount Floor in Utah? The Utah Research and Development Tax Credit includes a “minimum base amount” rule which acts as a statutory floor. This [...]

What is the Utah R&D Tax Credit Historical Ratio? The historical ratio is a critical component of the Utah Research Activities Tax Credit that defines a taxpayer’s “fixed-base [...]

Quick Answer: Utah R&D Tax Credit Election Irrevocability The Utah Research and Development tax credit allows eligible taxpayers to make a “start-up company election” to [...]