North Carolina R&D Tax Credit Summary

R&D Tax Credit Available

No – Expired on 12/31/2015

Eligible Entities

C-Corporations, S-Corporations, LLCs, Partnerships

Deadline for Tax Filing

Due with Michigan Tax Return

Data Required to Compute Credit


Claim Period NC Qualified R&D Expenses (QREs)

Credit Carryforward

15 Years

R&D Credit Summary

NC R&D credit is equal to a percentage of the R&D expenses as follows:

Small businesses: 3.25%

Research performed in a development Tier 1 area: 3.25%

North Carolina research university expenses: 20%

Eco-industrial park: 35%