Connecticut R&D Tax Credit Summary
CT R&D Tax Credit Available

Yes


Eligible Entities

C-Corporations only


Deadline for Tax Filing

Due with Connecticut Tax Return


Data Required to Compute Credit
  • Claim Period Qualified R&D Expenses (QREs)
  • Qualified Research Expenses for Prior 1 Year

Credit Carryforward

RC: 15 Years
RDC: Indefinitely


CT R&D Credit Summary

Two credits are available for Connecticut (RC and RDC). The R&D tax credit equals:

  • Incremental - RC: Multiply 20% of the excess of the qualified research and experimental expenses during the current claim year over the qualified research and experimental expenses during the prior year.
  • Non-incremental - RDC: 6% of its research and development expenses. (Eligible for Qualified Small Businesses only)

Special Notes
  • CT Non-incremental R&D credit (RDC) is only eligible for Qualified Small Businesses.
  • Qualified Small Business is defined as a company that has gross income of less than $100M in the previous income year.

CT Research Tax Credit

Important Links and Forms:

Contact Us for a No-Cost
Assessment of your Federal
and CT Research Credit
Estimate

Talk to our Expert