New Jersey R&D Tax Credit Summary
R&D Tax Credit Available
Research and Development Tax Credit
DOES IT APPLY TO C-CORPS & PASS THROUGHS?
C Corps and S Corps only
Nonrefundable credit with similar definitions as federal for Qualified Research Expenses and Qualified Research Activities except only include New Jersey-based expenses.
10% on incremental expenses similar to federal method. Regular or ASC may be chosen for calculation method.