R&D Tax Credit Available:
Yes
Eligible Entities:
C-Corporations, S-Corporations
Deadline for Tax Filing:
Due with Massachusetts Tax Return
Data Required to Compute Credit:
- Claim Period Qualified Research Expenses (QREs)
- QREs for Prior 4 Tax Years
- Gross Receipts for Prior 4 Tax Years
Credit Carryforward:
15 years
R&D Credit Summary:
The Massachusetts research credit equals:
- 5% of the current year (2015, 2016, and 2017) qualified research expenses over the base amount.
- 7.5% of the current year (2018, 2019,and 2020) qualified research expenses over the base amount.
- 10% of the current year (on or after January 1, 2021) qualified research expenses over the base amount.
Special Notes:
For taxable years beginning on or after January 1, 2015, taxpayers now have 2 options to calculate the MA R&D tax credit: Regular Method & Alternative Simplified Method.
Research Tax Credit
Important Links and Forms
MA Schedule RC Form
Schedule RC Instructions
MA DOR Website
MA Regulations