Information on the Nebraska R&D Tax Credit: 

The Nebraska R&D credit is generated from qualified research activities (QRAs) performed within the state. Qualifying activities are defined in Section 41 of the Internal Revenue Code as “a new or improved function, performance, or reliability or quality.”

Process improvement activities include:

  • Identifying uncertainty concerning the development or improvement of a business component;
  • Identifying one or more alternatives intended to eliminate that uncertainty; and
  • Identifying and conducting a process of evaluating the alternatives (e.g., through modeling, simulation, or a systematic trial-and-error methodology).

The R&D Tax Credit is a credit that is available across various industries, such as:

  • Agriculture
  • Automotive
  • Aviation
  • Biotechnology
  • Engineering
  • Farming
  • Food and Beverage
  • Logistics
  • Manufacturing
  • Oil and Gas
  • Software
  • Transportation

State Credit Name: Research Tax Credit

Expiration Date: Indefinite

Who Can Apply? Corporations and flow-through entities

Credit Carry Forward: The credit can be carried forward up to 20 years if the taxpayer continues to earn the federal credit.

About the Credit: The credit is 15% of the federal tax credit allowed. The credit may be used to receive a refund of the sales and use tax paid, or as a refundable income tax credit. 

Notes: Taxpayers that conduct R&D through a university in Nebraska are allowed a credit equal to 35% of the federal credit, instead of the normal 15%. The tax credit can be carried forward for the next four years if the business continues to earn the federal credit and continues to work through a Nebraska university.

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

Nebraska Research and Development Tax Credit – SwansonReed


Learn more about the Nebraska Research and Development Tax Credit and how it can help benefit your business.



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For Accountants

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Industry Case Studies

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

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