R&D Tax Credit Available:
Yes
Eligible Entities:
C-Corporations, S-Corporations, LLCs, Partnerships
Deadline for Tax Filing:
Due with Nebraska Tax Return
Data Required to Compute Credit:
Claim Period Nebraska Qualified R&D Expenses (QREs)
Credit Carryforward:
20 Years
R&D Credit Summary:
The R&D tax credit equals:
- 15% of the federal credit
- 35% of the federal credit if Nebraska R&D activities are performed on the campus of a college or university
Special Notes:
All business firms claiming the tax credit must electronically verify the work eligibility status of all newly-hired employees in Nebraska during the tax year in which the credit is claimed.