R&D Tax Credit Available:
No - Expired on 12/31/2015
Eligible Entities:
C-Corporations, S-Corporations, LLCs, Partnerships
Deadline for Tax Filing:
Due with North Carolina Tax Return
Data Required to Compute Credit:
Claim Period NC Qualified R&D Expenses (QREs)
Credit Carryforward:
15 Years
R&D Credit Summary:
NC R&D credit is equal to a percentage of the R&D expenses as follows:
- Small businesses: 3.25%
- Research performed in a development Tier 1 area: 3.25%
- North Carolina research university expenses: 20%
- Eco-industrial park: 35%