The Research Tax Credit

Details About the Research Tax Credit 

  1. This tax credit is different than the federal Research & Development Credit.
  2. Qualified businesses (manufacturing, warehouse & distribution, processing, telecommunications, tourism, broadcasting, or research and development.
  3. Receive 10& of expenses over the base amount.
  4. Offset 50% of income tax liability.
  5. Excess can be used against withholding taxes (up to 50%).