INDIANA AVAILABLE INCENTIVES
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.
Click here to find out if you qualify for the federal research credit.
Swanson Reed in Indiana provides R&D tax credit consulting and advisory services to Indianapolis, Fort Wayne, Evansville, South Bend, Carmel, Fishers, Bloomington, Hammond, Gary, Lafayette, Muncie, Terre Haute, Kokomo, Anderson, Noblesville, Greenwood, Elkhart, Mishawaka, Lawrence and Jeffersonville.
If you have any questions or need further assistance, please call us on (800) 986 4725.
Feel free to book a quick teleconference with one of R&D tax specialists at a time that is convenient for you, if you would like to learn more about R&D tax credit opportunities.
FIND OUT MORE
R&D Tax Credit Training for IN CPAs
R&D Tax Credit Training for IN CFPs
R&D Tax Credit Training for IN SMBs
