Choose your state
Never miss a deadline again
Stay up to date on IRS processes
Discover R&D in your industry
Nebraska and the Research and Development (R&D) Tax Credit
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.
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 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.
Contact Us
Nebraska Office
Swanson Reed | Specialist R&D Tax Advisors
