State Credit Name: Credit for Increasing Research Activities

Expiration Date: Indefinite

Who Can Apply? Corporations and flow-through entities

Credit Carry Forward: Credit can be carried forward for 15 years.

About the Credit:
The Minnesota state research credit adopts the federal definition of QRE’s. The credit is 10% of the QRE’s up to $2 million, and 2.5% for expenses above $2 million. QRE’s must have taken place in Minnesota.

Notes: For partnerships and S-corporations, the credit was refundable from 2010 – 2012. C-Corporations can continue to carry forward credits acquired before 2010 and after 2012. For tax years after 2012, C-Corporations can apply the credit to any member of a corporation business that is included in the combined return.

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

Minnesota State Incentives

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14870 Granada Avenue
Suite #1024
Apple Valley MN 55124


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