State Credit Name: Research and Experimental Expenditures Tax Credit

Expiration Date: Indefinite

Who Can Apply? Corporations and flow-through entities

Credit Carry Forward: Unlimited carry forward for the Non-Incremental credit. 15 year carry forward for the Incremental Credit. There is a mandatory carry forward of  of 2/3 of the credit received in the tax year. No carry back.

About the Credit: The Incremental Method: 20% of the amount spent by the corporation directly on Connecticut research and experimentation expenditures that exceed expenses in the previous years.

Non-Incremental Method: Businesses with a gross income of less than $100 million from the previous year can take 6% of QRE’s. Large companies are eligible for a graduated percentage. If a company is in an enterprise zone, they can choose to use 3.5%.

Notes: Taxpayers can elect both the Incremental and the Non-Incremental methods in a tax year. Taxpayers with a gross revenue of less than $70 million may elect to receive a refund of 65% of unused credits. The credit used in one year is limited to 1/3 of the current year credit received.

Click here to find out if you qualify for the federal research tax credit.

R&D Tax Credit Training for CT CPAs

directive for LBI taxpayers

Upcoming Webinar


R&D Tax Credit Training for CT CFPs

bigstock Image of two young businessmen 521093561 300x200

Upcoming Webinar


R&D Tax Credit Training for CT SMBs

water tech

Upcoming Webinar


Why Swanson Reed

We provide full, hands-on support from start to finish.

Are You Eligible?

Take our eligibility wizard to find out if you qualify for a tax credit.

Calculate Your Benefit

Use our quick calculator to determine your R&D tax credit benefit.

Know Your Deadline

Never miss a deadline again with our R&D Tax Credit filing deadline calculator.

For Accountants

Take advantage of our extensive database of videos, case law and recent news.

Industry Case Studies

Find out the qualifying R&D activities specific to your industry.

Contact Us

Contact your local Swanson Reed office to speak with a representative in your area today. 

Swanson Reed

1120 South Freeway
Suite 127
Fort Worth, TX 76104

Swanson Reed

5161 San Felipe Street
Suite 320-1005
Houston, TX 77056

View Map Information

Swanson Reed

3839 McKinney Avenue
Suite 155-2013
Dallas, TX 75204

View Map Information

Recent Posts