Indiana R&D Tax Credit Summary
R&D Tax Credit Available
Indiana Research Expense Tax Credit
DOES IT APPLY TO C-CORPS & PASS THROUGHS?
Nonrefundable credit with similar definitions as federal for Qualified Research Expenses and Qualified Research Activities except only include Indiana based expenses.
15% on first $1,000,000 of incremental research expenses over a base amount and 10% on incremental expenses in excess of $1,000,000. Calculation similar to federal regular method.
Alternative method: 10% credit on incremental expenses similar to federal ASC method.