Idaho R&D Tax Credit Summary

R&D Tax Credit Available

Yes

STATE

Idaho

NAME

Credit for Idaho Research Activities

DOES IT APPLY TO C-CORPS & PASS THROUGHS?

C Corps, S Corps, partnerships, trusts, and estates

DESCRIPTION

Nonrefundable credit with similar definition to federal for Qualified Research Expenses and Qualified Research Activities, except only include Idaho-based expenses.

PERCENTAGE

5% on incremental expenses over base amount similar to regular federal credit method.