Indiana R&D Tax Credit Summary
IN R&D Tax Credit Available

Yes


Eligible Entities

C-Corporations, S-Corporations, LLCs, Partnerships


Deadline for Tax Filing

Due with Indiana Tax Return


Data Required to Compute Credit
  • Claim Period Qualified R&D Expenses (QREs)
  • QREs for Prior 3 Years
  • Gross Receipts for Prior 4 Years

Credit Carryforward

10 Years


IN R&D Credit Summary

The R&D tax credit equals:

  • 15% of the increase in Indiana qualified research expenses over the base amount up to $1 million
  • The credit is 10% if the amount is in excess of $1 million.


Alternative Incremental Credit Method:

  • 10% of the excess of Indiana QREs that is in excess of 50% of the average of the preceding three years' QREs.
  • Credit amount is 5% of Indiana QREs if there are no expenses in the three prior years.

IN Research Tax Credit

Important Links and Forms:

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