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Indiana and the R&D Tax Credit
State Credit Name: Indiana Research Expense Tax Credit
Expiration Date: Indefinite
Who Can Apply? Corporations and flow-through entities
Credit Carry Forward: 10 year carry forward period, but no carry back
About the Credit:
- Credit is 15% of the increase in Indiana QRE’s paid or incurred over the base amount up to $1 million.
- The credit is 10% of any excess of QRE’s over $1 million.
- For tax years after 2009, the the Alternative Simplified Credit Method is allowed. The credit is 10% of the excess of the current year’s QRE’s that is in excess of 50% of the average of the previous years’ QRE’s. If the taxpayer does not have 3 prior years of QRE’s then the credit is 5%.
Notes: Research must take place in Indiana.
Are you eligible?
Why choose us?
Pass an Audit?
Swanson Reed is one of the only companies in the United States to exclusively focus on R&D tax credit preparation. Swanson Reed’s office location at 9445 Indianapolis Boulevard, Highland, Indiana provides R&D tax credit consulting and advisory services to Indianapolis, Fort Wayne, Evansville, South Bend, Carmel, Fishers, Bloomington, Hammond, Gary and Lafayette.
If you have any questions or need further assistance, please call or email our local Indiana Partner on (219) 230-9956.
Feel free to book a quick teleconference with one of our Indiana R&D tax credit specialists at a time that is convenient for you. Click here for more information about R&D tax credit management and implementation.
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Indiana Office
Swanson Reed | Specialist R&D Tax Advisors
