Minnesota credit for increasing research activities
Tax credit
Agency: Minnesota 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 [Minnesota Revenue research credit]
- Who qualifies
- Businesses conducting qualified research in Minnesota; only qualifying in-state expenses count, and Minnesota does not allow the federal alternative simplified method. [Minnesota Revenue research credit]
- What it’s worth
- Credit uses 10% on the first $2 million of qualifying research above the computed base and 4% beyond that. For 2026, 25% of eligible unused current-year credit can be refunded after the required election. [Minnesota Revenue research credit]
- How to claim
- Complete Minnesota Schedule RD. Pass-through owners make their own refundability election. [Minnesota Revenue research credit]
- Deadlines and application windows
- Elect the refundable portion on a timely filed return, including extensions; unused nonrefunded credits may carry forward up to 15 years. [Minnesota Revenue research credit]
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