Oregon and the R&D Tax Credit

Oregon does not offer a state-specific Research and Development (R&D) tax credit, meaning businesses operating within the state cannot claim a credit against state taxes for qualifying R&D activities. However, Oregon is home to a variety of dynamic industries, including technology, manufacturing, forestry, healthcare, and renewable energy, all of which frequently engage in innovative practices and technological advancements. Despite the lack of a state R&D credit, businesses in these industries may still qualify for the federal R&D tax credit, which provides a significant incentive for companies investing in research and development. The federal credit can help offset costs related to developing new products, processes, or technologies, making it a valuable resource for Oregon-based businesses fostering innovation and progress in their respective fields.