Pennsylvania R&D Tax Credit Summary
PA R&D Tax Credit Available

Yes


Eligible Entities

C-Corporations, S-Corporations, LLCs, Partnerships


Deadline for Tax Filing

Application due by 9/15


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

Credit Carryforward

15 Years


PA R&D Credit Summary

The Pennsylvania R&D tax credit equals:

  • 10% (large businesses) and 20% (small businesses) of Pennsylvania qualified research expenses less the greater of 50% of expenses or average of prior 4 years of qualified research expenses.

Special Notes
  • Large Businesses: Total Assets > $5M
  • Small Businesses: Total Assets < $5M
  • The PA R&D credit cannot be carried back

PA Research Tax Credit

Important Links and Forms:

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