Nebraska

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.”

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.

 

 

 

 

 

FIND OUT MORE

R&D Tax Credit Training for NE CPAs

directive for LBI taxpayers

Upcoming Webinar

 

R&D Tax Credit Training for NE CFPs

bigstock Image of two young businessmen 521093561 300x200

Upcoming Webinar

 

R&D Tax Credit Training for NE SMBs

water tech

Upcoming Webinar

 


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.

Know Your Deadline

Never miss a deadline again with our R&D Tax Credit filing deadline calculator.

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.

2019 Innovation Rankings By State

The United States is usually accredited as one of the most innovative nations in the world. However, that does not mean the country’s technological and innovation quests are divided equally [...]

1 2
page 1 of 2
Recent Posts