1. Franchise Tax Board (FTB)
  2. Revenue and Taxation Code (R&TC) §17052.12
  3. Revenue and Taxation Code (R&TC) §23609
  4. Qualified Research Expenses (QREs)
  5. California Qualified Research
  6. Research Activities Conducted Within California
  7. Fixed-Base Percentage
  8. Base Amount
  9. Average Annual Gross Receipts (for Base Amount)
  10. California Gross Receipts Definition
  11. Gross Receipts from California Sales
  12. Alternative Incremental Credit (AIC)
  13. AIC Base Amount
  14. Election of AIC Method
  15. Revocation of AIC Election (FTB Consent)
  16. Alternative Simplified Credit (ASC)
  17. ASC Method for California (SB 711)
  18. ASC Credit Rate (3%)
  19. Basic Research Payments
  20. Basic Research Credit Rate (24%)
  21. Qualified Organization (for Basic Research)
  22. Nonrefundable Credit
  23. Indefinite Carryover/Carryforward
  24. Credit Carryback (Not Allowed)
  25. Reduced Credit Election (IRC §280C(c))
  26. Credit Limitations ($5,000,000)
  27. Refundable Credit Election (Credit Cap Disallowed)
  28. Five-Year Refundable Period
  29. Minimum Franchise Tax ($800)
  30. Tax Below Tentative Minimum Tax (TMT)
  31. Corporate Income Tax (Rate 8.84%)
  32. S Corporation Tax Rate (1.5%)
  33. S Corporation Entity-Level Credit (1/3 Rule)
  34. S Corporation Pass-Through (100%)
  35. Partnership Allocation
  36. Disregarded Business Entity (SMLLC)
  37. Sole Proprietorship Eligibility
  38. Form FTB 3523 (Research Credit)
  39. Election to Assign Credit
  40. Eligible Credit (for Assignment)
  41. Eligible Assignee
  42. Form FTB 3544 (Assignment of Credit)
  43. Combined Reporting Group
  44. Joint and Several Liability (Assignment)
  45. Qualified Services (Wages)
  46. Qualified Supplies
  47. Rental or Lease Costs of Computers
  48. Contract Research Expenses Percentage (65%)
  49. Internal Revenue Code (IRC) Section 41 Conformity
  50. Process of Experimentation (4-Part Test)