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North Dakota and the Research and Development (R&D) Tax Credit
State Credit Name: Income Tax Credit for Research and Experimental Expenditures
Expiration Date: Permanent
Who Can Apply? Corporations and flow-through entities
Credit Carry Forward: Unused credit can be carried forward 15 years and carried back 3 years.
About the Credit: The applicable percentage is 25% for the first $100,000 of excess expenses in a tax year. For excess expenses over $100,000 in a year, the applicable percentage is 8%.
Notes: Under certain conditions, a taxpayer may sell, transfer, or assign up to $100,000 of its unused tax credit to another taxpayer if the taxpayer selling the credit is certified by the Department of Commerce Division of Economic Development and Finance to be a primary sector business with annual gross revenues of less than $750,000 that conducts qualified research in North Dakota for the first time after December 31, 2006.
Are you eligible?
Why choose us?
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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 1531 32nd Ave S, Fargo, North Dakota provides R&D tax credit consulting and advisory services to Fargo, Bismarck, Grand Forks, Minot and West Fargo.
If you have any questions or need further assistance, please call or email our local North Dakota Partner on (701) 979-7220.
Feel free to book a quick teleconference with one of our North Dakota 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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North Dakota Office
Swanson Reed | Specialist R&D Tax Advisors
