R&D Tax Credit Available:
Yes
Eligible Entities:
C-Corporation, S-Corporations, LLCs, Partnerships
Deadline for Tax Filing:
Due with Colorado Tax Return
Data Required to Compute Credit:
- Claim Period Colorado Qualified R&D Expenses (QREs)
- QREs for Prior 2 Years
Credit Carryforward:
4 Years
R&D Credit Summary:
The R&D tax credit equals 3% of the amount claim period QREs exceeds the average QREs from the prior two years
Special Notes:
- Pre-certification must be applied for online or by submitting DR 0074, DR 0076 or DR 0077 certification forms to the zone administrator
- Total amount of credit must be divided equally over four years. Entity may claim 25% of the credit expenditure was made and 25% in each of the following 3 years.