Choose your state
Never miss a deadline again
Stay up to date on IRS processes
Discover R&D in your industry
Pennsylvania and the Research and Development (R&D) Tax Credit
State Credit Name: Pennsylvania Research and Development Tax Credit
Expiration Date: Indefinite
Who Can Apply? Corporations, flow-through entities, individuals and sole proprietors
Credit Carry Forward: Unused credit can be carried forward 15 years.
About the Credit: The Pennsylvania adopts the federal definition of qualified research. The R&D credit rate is 10% . Pennsylvania caps its total R&D tax credit at $15 million each year, setting aside up to 20% for small businesses.
Notes: The Pennsylvania R&D tax credit allows technology companies to sell unused R&D tax credits on the open market to help advance and grow their businesses. Businesses that haven’t utilized all of their R&D tax credits within one year after they were approved by the Department of Revenue may apply to the Pennsylvania Department of Community and Economic Development for approval to assign their eligible R&D tax credits to another taxpayer that can then use the purchased credits to offset up to 75 percent of its own tax liability with the purchased credit.
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 2001 Market Street, Philadelphia, Pennsylvania provides R&D tax credit consulting and advisory services to Philadelphia, Pittsburgh, Allentown, Erie, Reading, Scranton, Bethlehem, Lancaster, Harrisburg, Altoona, York, State College, Wilkes-Barre, Chester, Williamsport, Easton, Lebanon, Hazleton, New Castle and Johnstown.
If you have any questions or need further assistance, please call or email our local Pennsylvania Partner on (267) 899-0130.
Feel free to book a quick teleconference with one of our Pennsylvania 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
Pennsylvania Office
Swanson Reed | Specialist R&D Tax Advisors
