Wisconsin R&D Tax Credit Summary

R&D Tax Credit Available

Yes

STATE

Wisconsin

NAME

The Basic Research Credit

DOES IT APPLY TO C-CORPS & PASS THROUGHS?

Yes

DESCRIPTION

Nonrefundable credit with similar definitions as federal for Qualified Research Expenses and Qualified Research Activities except only include Wisconsin based-expenses. There is additional credit available for certain industries and development zones.

PERCENTAGE

5.75% on incremental expenses over base amount. Base amount follows federal ASC method.