State Credit Name: High Technology B&O Tax Credit for Qualified R&D Expenditures

Expiration Date: January 1, 2015

Who Can Apply? Corporations and flow-through entities

Credit Carry Forward: Carry forward is not allowed because the credit must offset tax due in the year the expense was incurred.

About the Credit: The credit rate is 1.5% of 8% (0.12%) of taxable wages for personnel spending greater than 92% of their time in qualified research. This applies to contractors as well. The credit cannot exceed $2 million. 

Notes: Taxpayers must apply for the Washington R&D credit by April 30 of the following year.

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

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

Swanson Reed

1120 South Freeway
Suite 127
Fort Worth, TX 76104

T: 817-769-8168
F: 817-348-8830

Swanson Reed

5161 San Felipe Street
Suite 320-1005
Houston, TX 77056

T: 281-899-0056
F: 512-256-8157

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Swanson Reed

3839 McKinney Avenue
Suite 155-2013
Dallas, TX 75204

T: 469-522-3369
F: 512-256-8157

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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

Never miss a deadline again with our R&D Tax Credit filing deadline calculator.

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.

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