Utah

State Credit Name: Tax Credit for Research Activities

Expiration Date: Permanent

Who Can Apply? Corporations and flow-through entities

Credit Carry Forward: Unused credits can be carried forward 14 years, except credits calculated using 7.5% of a taxpayer’s QRE’s cannot be carried forward.

About the Credit: The definition of QRE’s in for the Utah state research credit is the same as the federal definition, except that the QRE’s must be incurred in Utah. The Utah credit is the sum of:

  • 5% of a taxpayer’s qualified spending that exceed the base amount;
  • 5% of payments made to qualified organizations for basic research in Utah that exceed the base amount; and
  • 7.5% of QRE’s for the taxable year.

Notes: Gross receipts are only those attributable to sources within Utah.

Click here to find out if you qualify for the federal research credit.

Utah Research and Development Tax credit – SwansonReed





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Swanson Reed

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Swanson Reed

700 Lavaca Street Suite 1400Austin, Texas78701

(512) 333-2076

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Swanson Reed

5161 San Felipe Street Suite 320-1005Houston, TX77056

(281) 899-0056

Why Swanson Reed

We provide full, hands-on support from start to finish.

Are You Eligible?

Take our eligibility wizard to find out if you qualify for a tax credit.

Calculate Your Benefit

Use our quick calculator to determine your R&D tax credit benefit.

Know Your Deadline

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For Accountants

Take advantage of our extensive database of videos, case law and recent news.

Industry Case Studies

Find out the qualifying R&D activities specific to your industry.

Utah

Contact Us Contact your local Swanson Reed office to speak with a representative in your area today. 

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