Pennsylvania R&D Tax Credit Summary
R&D Tax Credit Available
Research and Development Tax Credit
DOES IT APPLY TO C-CORPS & PASS THROUGHS?
Nonrefundable credit with similar definition to federal for Qualified Research Expenses and Qualified Research Activities, except only include Pennsylvania-based expenses.
10% (20% for “small business”) on incremental expenses over base amount. Base amount is average expenses from four prior years.