INDIANA AVAILABLE INCENTIVES
State Credit Name: Indiana Research Expense Tax Credit
Expiration Date: Indefinite
Who Can Apply? Corporations and flow-through entities
Credit Carry Forward: 10 year carry forward period, but no carry back
About the Credit:
- Credit is 15% of the increase in Indiana QRE’s paid or incurred over the base amount up to $1 million.
- The credit is 10% of any excess of QRE’s over $1 million.
- For tax years after 2009, the the Alternative Simplified Credit Method is allowed. The credit is 10% of the excess of the current year’s QRE’s that is in excess of 50% of the average of the previous years’ QRE’s. If the taxpayer does not have 3 prior years of QRE’s then the credit is 5%.
Notes: Research must take place in Indiana.
Click here to find out if you qualify for the federal research credit.