State Credit Name: The Iowa Research Activities Tax Credit

Expiration Date: Indefinite

Who Can Apply? Corporations and flow-through entities

Credit Carry Forward: A fully refundable credit, therefore no carry forward.

About the Credit: The credit can be calculated using the regular credit or the alternative simplified credit method.

  • The regular credit is 6.5% of the lower QRE’s that exceed a base amount or 50% of QRE’s.
  • The alternative simplified credit is 4.55% of QRE’s for the past 3 years.

Notes: Companies awarded by the Iowa Economic Development Authority under the Enterprise Zone Program or the High Quality Jobs Program can calculate a Supplemental Research Activities Credit, which is an additional 10% of the company’s qualifying incremental research expense for gross revenue less than $20 million and 3% for a company with gross revenue over $20 million. The Supplemental Research Activities Credit must be calculated using the same method that was used to calculate The Iowa Research Activities Credit.

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

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Swanson Reed

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Suite 1400
Austin, TX 78701

T: 512-333-2076
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Swanson Reed

700 Lavaca Street Suite 1400Austin, Texas78701

(512) 333-2076

Swanson Reed

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Dallas, TX 75204

T: 469-522-3369
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Swanson Reed

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Houston, TX 77056

T: 281-899-0056
F: 512-256-8157

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Swanson Reed

5161 San Felipe Street Suite 320-1005Houston, TX77056

(281) 899-0056

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.

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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.

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