Indiana research expense credit
Tax credit
Agency: Indiana Department of Revenue. Agency source
This directory is not tax advice. Confirm eligibility, tax-year rules, deadlines and filing requirements with a tax professional.
Check program requirements [Indiana Revenue research expense credit][Indiana research expense credit handbook]
- Who qualifies
- Corporations and eligible pass-through entities with qualifying research performed in Indiana. [Indiana Revenue research expense credit][Indiana research expense credit handbook]
- What it’s worth
- 15% of qualifying expenses above the base on the first $1 million of excess; 10% on excess above $1 million. Alternative methods may apply. [Indiana Revenue research expense credit][Indiana research expense credit handbook]
- How to claim
- Use Schedule IT-20REC to calculate the credit and retain records substantiating the research and expenses. [Indiana Revenue research expense credit][Indiana research expense credit handbook]
- Deadlines and application windows
- Claim for the relevant tax year; the program overview does not publish a separate application window. [Indiana Revenue research expense credit][Indiana research expense credit handbook]
Amounts are subject to the conditions in each listing. A source review does not mean applications are open or that a business qualifies.
Official sources
Listing reviewed