State Credit Name: Qualified Research Activities Credit
Expiration Date: Indefinite
Who Can Apply? Corporations and flow-through entities
Credit Carry Forward: Unused credit can be carried forward for 5 years.
About the Credit: The Alternative Simplified Credit method is used based on Oregon sales and is lesser than the following:
- 5% of the amount by which the QRE’s exceed 10% of Oregon sales,
- $10,000 times the number of percentage points by which the QRE’s exceed 10% of Oregon sales; or
- the taxpayer’s liability after other credits.
Notes: For tax years after 2011, the credit may not exceed $1 million. For tax years before 2012, the credit may not exceed $2 million.
Click here to find out if you qualify for the federal research credit.
Oregon Research and Development Tax Credit – SwansonReed
Learn more about Oregon Research and Development Investment Tax Credit and how it can benefit your business.
Contact your local Swanson Reed office to speak with a representative in your area today.
Austin, TX 78701
Dallas, TX 75204
Houston, TX 77056