Nebraska and the R&D Tax Credit

The Nebraska R&D credit is generated from qualified research activities (QRAs) performed within the state.

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.

Are you eligible?

R&D Tax Credit Eligibility AI Tool

Why choose us?

directive for LBI taxpayers

Pass an Audit?

directive for LBI taxpayers

Special Notes: 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. 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.

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 1303 S 72nd Street, Omaha, Nebraska provides R&D tax credit consulting and advisory services to Omaha, Lincoln, Bellevue, Grand Island and Kearney.

If you have any questions or need further assistance, please call or email our local Nebraska Partner on (402) 318-7996.
Feel free to book a quick teleconference with one of our Nebraska 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.



Nebraska R&D Tax Credit Filing Instructions

To claim the Research and Development (R&D) tax credit in Nebraska, businesses must first incur research and experimental (R&D) expenditures within the state, as defined by Internal Revenue Code (IRC) § 174, and generally claim the federal R&D tax credit. The Nebraska R&D tax credit is typically a percentage of the federal credit allowed. Businesses then claim the credit on their Nebraska tax return by completing Form 3800N, Nebraska Incentives Credit Computation, and its accompanying worksheet, Form 3800N Worksheet RD, Research Tax Credit Worksheet. This form and worksheet are submitted along with the taxpayer’s Nebraska income tax return. The credit can be used to reduce income tax liability or, in some cases, obtain a refund of state sales and use taxes paid. Businesses that conduct R&D activities on a college or university campus in Nebraska may qualify for an enhanced credit rate. It is also important to note that businesses claiming the credit must electronically verify the work eligibility status of all newly-hired employees in Nebraska during the tax year in which the credit is claimed.


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

 


Choose your state

find-us-map

Never miss a deadline again

directive for LBI taxpayers

Stay up to date on IRS processes

Discover R&D in your industry

Contact Us


Nebraska Office 

Swanson Reed | Specialist R&D Tax Advisors
1303 S 72nd Street
Omaha, NE 68114

 

Phone: (402) 318-7996