Utah R&D Tax Credit Summary
UT R&D Tax Credit Available

Yes


Eligible Entities

C-Corporations, S-Corporations, LLCs, Partnerships


Deadline for Tax Filing

Due with Utah Tax Return


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

Credit Carryforward

14 Years


UT R&D Credit Summary

Utah R&D tax credit is the sum of:

  • 5% of qualified research expenses in Utah for the current tax year that exceed a base amount,
  • 5% of payments made to a qualified organization for basic research in Utah for the current taxable year that exceed a base amount, and
  • 7.5% of qualified research expenses for the taxable year.


There are two methods to calculate the base amount: Regular Credit (RC) and Alternative Simplified Credit (ASC) method.


Special Notes
  • Credits calculated using 7.5% of a taxpayer's qualified research expenses may not be carried forward.
  • There is no official Utah form for this credit. The final credit amount gets reported on Form TC-40A (Part 4 - using code 12)

UT Research Tax Credit

Important Links and Forms:

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

Talk to our Expert