Massachusetts R&D Tax Credit Summary
R&D Tax Credit Available
DOES IT APPLY TO C-CORPS & PASS THROUGHS?
It applies to corporations paying excise tax under MGL c 63
Two nonrefundable credits (Fixed Base Ratio and ASC) with similar definitions as federal for Qualified Research Expenses and Qualified Research Activities except only include Massachusetts-based expenses.
10% on incremental expenses for Fixed Base Ratio method.
7.5% on incremental expenses for 2020 (10% for 2021 and after) for ASC method.