State Credit Name: Wisconsin Credit for Increasing Research Expenses
Expiration Date: Indefinite
Who Can Apply? Corporations and flow-through entities
Credit Carry Forward: Unused credits can be carried forward and credited against the Wisconsin income or franchise taxes for 15 years.
About the Credit: The credit for taxable years beginning in 2015 is equal to 5.75 % of the qualified research expenses over the base amount. If the claimant had no qualified research expenses in any of the 3 taxable years immediately preceding the taxable year, the claimant may claim 2.875% of the qualified research expenses.
Wisconsin also offers the following Research Tax Credits:
- Research Credit for Activities Related to Internal Combustion Engines
- Research Credit for Activities Related to Certain Energy Efficient Products
Notes: Prior to January 1, 2013, only C-Corporations were eligible for the Wisconsin R&D credit.
Click here to find out if you qualify for the federal research credit.
Swanson Reed in Wisconsin provides R&D tax credit consulting and advisory services to Milwaukee, Madison, Green Bay, Kenosha, Racine, Appleton, Waukesha, Eau Claire, Oshkosh, Janesville, West Allis, La Crosse, Sheboygan, Wauwatosa, Fond du Lac, New Berlin, Wausau, Brookfield, Greenfield and Beloit.
If you have any questions or need further assistance, please call us on (800) 986 4725.
Feel free to book a quick teleconference with one of R&D tax specialists at a time that is convenient for you, if you would like to learn more about R&D tax credit opportunities.
FIND OUT MORE
R&D Tax Credit Training for WI CPAs
R&D Tax Credit Training for WI CFPs
Contact Us
Contact your local Swanson Reed office to speak with a representative in your area today.
Suite 155-2013
Dallas, TX 75204
Suite 320-1005
Houston, TX 77056
Contact Us
Contact yoaur local Swanson Reed office to speak with a representative in your area today.
Milwaukee, WI 53217