Indiana R&D Tax Credit Summary

R&D Tax Credit Available:


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

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.
Research Tax Credit
Important Links and Forms

Schedule IT-20REC
Indiana EDC
R&D Tax Credit Facts

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