Wyoming R&D Tax Credit Explained for Businesses

Wyoming and the R&D Tax Credit

Wyoming 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, Wyoming is home to several key industries, including energy (particularly coal, oil, and natural gas), agriculture, tourism, and mining, all of which often engage in innovative practices and technological advancements. Despite the lack of a state R&D credit, businesses in these industries may still be eligible to claim 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 Wyoming-based businesses driving innovation in their respective fields.

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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 203 S 2nd St, Laramie, Wyoming provides R&D tax credit consulting and advisory services to Cheyenne, Casper, Laramie, Gillette and Rock Springs.

If you have any questions or need further assistance, please call or email our local Wyoming Partner on (307) 317-4244.
Feel free to book a quick teleconference with one of our Wyoming 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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