R&D Tax Credit Available:
C-Corporations, S-Corporations, LLCs, Partnerships
Deadline for Tax Filing:
Due with Wisconsin Tax Return
Data Required to Compute Credit:
- Claim Period Wisconsin Qualified R&D Expenses (QREs)
- Wisconsin QREs for Prior 3 Years
R&D Credit Summary:
The R&D tax credit equals:
- 5.75% of the taxpayer's Wisconsin Qualified Research Expenses (QREs) for the taxable year exceed 50% of the average Wisconsin QREs for the 3 preceding taxable year.
- If the taxpayer had no Wisconsin Qualified Research Expenses (QREs) in any of the 3 preceding tax years, the credit amount is 2.875% of the taxable years' Wisconsin QREs.