California R&D Tax Credit Summary
R&D Tax Credit Available
California Research Credit
DOES IT APPLY TO C-CORPS & PASS THROUGHS?
Nonrefundable credit with similar definition to federal for Qualified Research Expenses and Qualified Research Activities, except only include California-based expenses. Credit follows federal regular credit method, also has an Alternative Incremental Research Credit (AIRC) method.
15% on incremental expenses over the base amount