Connecticut R&D Tax Credit Summary
R&D Tax Credit Available
RC – Research and Experimental Expenditures Tax Credit (incremental)
RDC – Research and Development Tax Credit (non-incremental)
DOES IT APPLY TO C-CORPS & PASS THROUGHS?
C Corps only
Nonrefundable credit with similar definition to federal for Qualified Research Expenses and Qualified Research Activities, except only include Connecticut-based expenses. Two credits available.
20% on incremental increase in R&D expenses that are conducted in CT.
6% on non-incremental R&D expenses (less the QREs from the incremental Credit) with limitations.