Maine R&D Tax Credit Summary
ME R&D Tax Credit Available

Yes


Eligible Entities

C-Corporations, S-Corporations, LLCs, Partnerships


Deadline for Tax Filing

Due with Maine Tax Return


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

Credit Carryforward

15 Years


ME R&D Credit Summary

The Maine research credit equals:

  • 5% of the excess qualified research expenses over the previous three-year average; plus
  • 7.5% of basic research payments (relating to research performed by qualified universities or scientific research organizations).

Special Notes
  • For corporations, the credit is limited to 100% of the fi rst $25,000 in income tax determined before other credits, plus 75% of the tax amount in excess of $25,000
  • The credit cannot be carried back, but can be carried forward for up to 15 years

ME Research Tax Credit

Important Links and Forms:

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