Wisconsin
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.
R&D Tax Credit Training for WI CPAs
R&D Tax Credit Training for WI CFPs
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