R&D Tax Credit Available:
Yes
Eligible Entities:
C-Corporations, S-Corporations, LLCs, Partnerships
Deadline for Tax Filing:
Application due by 9/15
Data Required to Compute Credit:
- Claim Period Qualified Research Expenses (QREs)
- QREs for Prior 4 Tax Years
Credit Carryforward:
15 years
R&D Credit Summary:
The Pennsylvania R&D tax credit equals 10% (large businesses) and 20% (small businesses) of Pennsylvania qualified research expenses less the greater of 50% of expenses or average of prior 4 years of qualified research expenses.
Special Notes:
- Large Businesses: Total Assets > $5M
- Small Businesses: Total Assets < $5M
- The PA R&D credit cannot be carried back
Research Tax Credit
Important Links and Forms
PA DOR
PA Application
PA Application Instructions
PA R&D Credit FAQs